Financial Harvest LLC Makes New Investment in Lockheed Martin Corporation $LMT

Financial Harvest LLC acquired a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,090 shares of the aerospace company’s stock, valued at approximately $968,000. Lockheed Martin accounts for 0.7% of Financial Harvest LLC’s holdings, making the stock its 20th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC bought a new position in Lockheed Martin during the 1st quarter worth $31,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin during the 4th quarter worth $35,000. EQ Wealth Advisors LLC bought a new position in Lockheed Martin during the 1st quarter worth $43,000. Ritter Daniher Financial Advisory LLC DE bought a new position in Lockheed Martin during the 1st quarter worth $45,000. Finally, McIlrath & Eck LLC increased its position in Lockheed Martin by 161.0% during the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock worth $48,000 after buying an additional 66 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $472.92 on Monday. The business’s 50-day moving average price is $447.18 and its 200-day moving average price is $459.07. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The firm has a market capitalization of $110.41 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 1.66 and a beta of 0.26. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. The company had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin’s payout ratio is currently 74.32%.

Analysts Set New Price Targets

A number of brokerages recently commented on LMT. JPMorgan Chase & Co. decreased their price target on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. UBS Group decreased their price target on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 23rd. Bank of America decreased their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. Truist Financial cut Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price target for the stock from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Finally, Robert W. Baird decreased their price target on Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $494.00.

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.