United Advisor Group LLC Has $613,000 Holdings in Lockheed Martin Corporation $LMT

United Advisor Group LLC increased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 8.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,323 shares of the aerospace company’s stock after buying an additional 107 shares during the period. United Advisor Group LLC’s holdings in Lockheed Martin were worth $613,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mid American Wealth Advisory Group Inc. acquired a new stake in Lockheed Martin during the 2nd quarter worth about $28,000. Frazier Financial Advisors LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter valued at about $34,000. MTM Investment Management LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter valued at about $36,000. GFG Capital LLC acquired a new stake in Lockheed Martin during the second quarter worth approximately $43,000. Finally, Bernard Wealth Management Corp. increased 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 worth $44,000 after purchasing an additional 68 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LMT shares. JPMorgan Chase & Co. cut their price target on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Bank of America dropped their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. Vertical Research reaffirmed a “hold” rating and issued a $460.00 price target on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Finally, UBS Group dropped their price objective on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $513.47.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the completion of the sale, the chief operating officer directly owned 1 shares of the company’s stock, valued at approximately $491.04. The trade was a 99.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $474.45 on Wednesday. The firm has a market capitalization of $109.79 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 1.69 and a beta of 0.25. The firm has a fifty day simple moving average of $484.81 and a two-hundred day simple moving average of $466.93. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $546.00.

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

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be given a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.9%. 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 payout ratio is 77.05%.

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.