JB Capital LLC Acquires 153 Shares of Lockheed Martin Corporation $LMT

JB Capital LLC increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 22.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 832 shares of the aerospace company’s stock after purchasing an additional 153 shares during the period. JB Capital LLC’s holdings in Lockheed Martin were worth $386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of LMT. Brighton Jones LLC lifted its position in shares of Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after buying an additional 191 shares during the last quarter. Zhang Financial LLC lifted its position in shares of Lockheed Martin by 46.6% during the 1st quarter. Zhang Financial LLC now owns 3,019 shares of the aerospace company’s stock worth $1,349,000 after buying an additional 960 shares during the last quarter. Simon Quick Advisors LLC lifted its position in shares of Lockheed Martin by 15.6% during the 1st quarter. Simon Quick Advisors LLC now owns 1,247 shares of the aerospace company’s stock worth $557,000 after buying an additional 168 shares during the last quarter. Greenwood Capital Associates LLC lifted its position in shares of Lockheed Martin by 13.8% during the 1st quarter. Greenwood Capital Associates LLC now owns 2,749 shares of the aerospace company’s stock worth $1,228,000 after buying an additional 333 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its position in shares of Lockheed Martin by 2.4% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 62,290 shares of the aerospace company’s stock worth $27,825,000 after buying an additional 1,435 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Trading Down 0.5%

Shares of LMT stock opened at $505.11 on Friday. The stock has a market cap of $117.92 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 1.79 and a beta of 0.28. The stock has a 50-day moving average of $464.89 and a 200-day moving average of $462.82. 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 Corporation has a 1-year low of $410.11 and a 1-year high of $618.95.

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

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be given a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is currently 74.32%.

Analyst Ratings Changes

A number of brokerages have issued reports on LMT. Cowen cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Bank of America lowered their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Vertical Research reaffirmed a “hold” rating and issued a $460.00 target price on shares of Lockheed Martin in a report on Tuesday, July 22nd. Robert W. Baird upped their target price on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft set a $519.00 target price on Lockheed Martin and gave the stock a “hold” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and an average price target of $503.13.

Lockheed Martin Company 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.