First Command Advisory Services Inc. Has $2.61 Million Holdings in Lockheed Martin Corporation $LMT

First Command Advisory Services Inc. increased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 88.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,638 shares of the aerospace company’s stock after purchasing an additional 2,643 shares during the quarter. First Command Advisory Services Inc.’s holdings in Lockheed Martin were worth $2,611,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LMT. Brighton Jones LLC lifted its position in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares during the period. Transcend Capital Advisors LLC lifted its position in Lockheed Martin by 5.6% during the first quarter. Transcend Capital Advisors LLC now owns 1,815 shares of the aerospace company’s stock worth $811,000 after purchasing an additional 96 shares during the period. Capital Advisors Wealth Management LLC lifted its position in Lockheed Martin by 6.1% during the first quarter. Capital Advisors Wealth Management LLC now owns 1,520 shares of the aerospace company’s stock worth $679,000 after purchasing an additional 87 shares during the period. Convergence Financial LLC lifted its position in Lockheed Martin by 19.0% during the first quarter. Convergence Financial LLC now owns 1,609 shares of the aerospace company’s stock worth $719,000 after purchasing an additional 257 shares during the period. Finally, Joel Isaacson & Co. LLC lifted its position in Lockheed Martin by 18.6% during the first quarter. Joel Isaacson & Co. LLC now owns 1,149 shares of the aerospace company’s stock worth $513,000 after purchasing an additional 180 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.5%

LMT stock opened at $485.59 on Monday. The stock has a market capitalization of $112.37 billion, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 1.69 and a beta of 0.28. 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 $576.43. The firm has a 50-day moving average price of $477.51 and a 200-day moving average price of $466.57.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm had revenue of $18.61 billion during the quarter, compared to analysts’ expectations of $18.45 billion. During the same quarter in the prior year, the business earned $6.84 earnings per share. The business’s revenue for the quarter 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. As a group, equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a $3.45 dividend. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s payout ratio is currently 73.70%.

Analysts Set New Price Targets

LMT has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Susquehanna upped their price objective on shares of Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research report on Thursday, October 9th. Royal Bank Of Canada increased their target price on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 7th. Vertical Research reissued a “hold” rating and issued a $460.00 target price on shares of Lockheed Martin in a report on Tuesday, July 22nd. Finally, Truist Financial increased their target price on shares of Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and an average target price of $513.47.

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.