Bill Few Associates Inc. Has $610,000 Stock Holdings in Lockheed Martin Corporation $LMT

Bill Few Associates Inc. raised its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 64.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,317 shares of the aerospace company’s stock after purchasing an additional 514 shares during the quarter. Bill Few Associates Inc.’s holdings in Lockheed Martin were worth $610,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in LMT. TruNorth Capital Management LLC acquired a new stake in Lockheed Martin during the 1st quarter valued at $31,000. EQ Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin during the first quarter worth $43,000. GFG Capital LLC bought a new stake in shares of Lockheed Martin in the second quarter valued at about $43,000. Bernard Wealth Management Corp. boosted its position in shares of 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. Finally, Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of Lockheed Martin in the first quarter valued at about $45,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.5%

LMT stock opened at $505.11 on Monday. The company has a market cap of $117.93 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 1.77 and a beta of 0.28. The business has a 50-day simple moving average of $464.89 and a 200 day simple moving average of $463.09. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating analysts’ consensus estimates of $6.57 by $0.72. The business had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.Lockheed Martin’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter 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. Sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 2.7%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s payout ratio is presently 77.70%.

Analyst Ratings Changes

Several brokerages have weighed in on LMT. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Wall Street Zen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. TD Cowen reiterated a “hold” rating and issued a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft set a $519.00 price objective on shares of Lockheed Martin and gave the stock a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and a consensus price target of $503.53.

About Lockheed Martin

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.