Laffer Tengler Investments Inc. Has $3.23 Million Stock Holdings in Lockheed Martin Corporation $LMT

Laffer Tengler Investments Inc. boosted its stake in Lockheed Martin Corporation (NYSE:LMT) by 482.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,979 shares of the aerospace company’s stock after buying an additional 5,781 shares during the quarter. Laffer Tengler Investments Inc.’s holdings in Lockheed Martin were worth $3,232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Tyler Stone Wealth Management boosted its position in Lockheed Martin by 3.3% during the first quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock valued at $306,000 after purchasing an additional 22 shares during the last quarter. Investment Advisory Services Inc. TX ADV raised its stake in shares of Lockheed Martin by 4.7% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock worth $225,000 after purchasing an additional 22 shares in the last quarter. Broadway Wealth Solutions Inc. raised its stake in shares of Lockheed Martin by 4.5% during the 2nd quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock worth $237,000 after purchasing an additional 22 shares in the last quarter. Smith Thornton Advisors LLC lifted its holdings in shares of Lockheed Martin by 2.8% during the 1st quarter. Smith Thornton Advisors LLC now owns 837 shares of the aerospace company’s stock valued at $374,000 after buying an additional 23 shares during the last quarter. Finally, Gilbert & Cook Inc. grew its stake in shares of Lockheed Martin by 2.0% in the 1st quarter. Gilbert & Cook Inc. now owns 1,198 shares of the aerospace company’s stock valued at $535,000 after buying an additional 23 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the sale, the chief operating officer directly owned 1 shares of the company’s stock, valued at approximately $491.04. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by company insiders.

Lockheed Martin Trading Down 2.3%

Shares of LMT stock opened at $457.93 on Monday. The firm has a fifty day moving average of $483.98 and a 200-day moving average of $467.58. The stock has a market cap of $105.96 billion, a price-to-earnings ratio of 25.57, a P/E/G ratio of 1.69 and a beta of 0.25. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $576.43. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $18.45 billion. During the same quarter in the prior year, the business posted $6.84 earnings per share. The company’s quarterly revenue 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. On average, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be issued a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 annualized dividend and a yield of 3.0%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is 77.05%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Morgan Stanley upped their price objective on shares of Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Bank of America lowered 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 note on Thursday, August 21st. Finally, JPMorgan Chase & Co. cut their target price 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. One equities 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 assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $513.47.

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.