J.W. Cole Advisors Inc. Grows Stock Position in Lockheed Martin Corporation $LMT

J.W. Cole Advisors Inc. increased its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 25.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,754 shares of the aerospace company’s stock after purchasing an additional 6,785 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Lockheed Martin were worth $15,633,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. purchased a new stake in Lockheed Martin in the 2nd quarter valued at approximately $28,000. Frazier Financial Advisors LLC purchased a new stake in shares of Lockheed Martin in the second quarter valued at approximately $34,000. MTM Investment Management LLC acquired a new position in Lockheed Martin during the second quarter worth $36,000. GFG Capital LLC purchased a new position in Lockheed Martin in the second quarter worth $43,000. Finally, Bernard Wealth Management Corp. lifted its holdings in Lockheed Martin by 251.9% in the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 68 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

LMT stock opened at $451.62 on Tuesday. The stock’s 50 day moving average price is $484.25 and its 200 day moving average price is $466.69. The firm has a market cap of $104.50 billion, a P/E ratio of 25.22, a PEG ratio of 1.69 and a beta of 0.25. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $534.16.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping the consensus estimate of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The company had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. During the same quarter last year, the business posted $6.84 earnings per share. Lockheed Martin’s revenue was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, sell-side analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is presently 77.05%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Susquehanna upped their price target on shares of Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research note on Thursday, October 9th. The Goldman Sachs Group boosted their price target on Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the company a “hold” rating in a research note on Wednesday, October 8th. BNP Paribas upgraded Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, November 18th. Finally, Sanford C. Bernstein upped their target price on Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $515.50.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total value of $3,826,183.68. Following the transaction, the chief operating officer directly owned 1 shares in the company, valued at approximately $491.04. This represents a 99.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

Lockheed Martin Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.