Atticus Wealth Management LLC Buys 502 Shares of Lockheed Martin Corporation $LMT

Atticus Wealth Management LLC grew its stake in Lockheed Martin Corporation (NYSE:LMT) by 2,510.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 522 shares of the aerospace company’s stock after purchasing an additional 502 shares during the quarter. Atticus Wealth Management LLC’s holdings in Lockheed Martin were worth $242,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. OMNI 360 Wealth Inc. raised its holdings in Lockheed Martin by 2.5% in the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company’s stock worth $408,000 after purchasing an additional 22 shares in the last quarter. 49 Wealth Management LLC raised its holdings in Lockheed Martin by 3.4% in the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company’s stock worth $295,000 after purchasing an additional 22 shares in the last quarter. Tyler Stone Wealth Management raised its holdings in Lockheed Martin by 3.3% in the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock worth $306,000 after purchasing an additional 22 shares in the last quarter. Tealwood Asset Management Inc. raised its holdings in Lockheed Martin by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company’s stock worth $2,559,000 after purchasing an additional 23 shares in the last quarter. Finally, Southland Equity Partners LLC raised its holdings in Lockheed Martin by 3.1% in the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company’s stock worth $342,000 after purchasing an additional 23 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $473.29 on Thursday. The firm’s 50 day moving average price is $446.89 and its 200-day moving average price is $458.78. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month 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. The stock has a market capitalization of $110.49 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 1.67 and a beta of 0.26.

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

Lockheed Martin Dividend Announcement

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

Analyst Upgrades and Downgrades

LMT has been the topic of a number of recent research reports. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Royal Bank Of Canada reduced their target price on shares of Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 23rd. Truist Financial downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their target price for the stock from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $494.00.

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.