Lindenwold Advisors INC Increases Stock Position in Lockheed Martin Corporation $LMT

Lindenwold Advisors INC lifted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,340 shares of the aerospace company’s stock after acquiring an additional 65 shares during the quarter. Lindenwold Advisors INC’s holdings in Lockheed Martin were worth $1,547,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Entropy Technologies LP lifted its stake in shares of Lockheed Martin by 410.2% during the 1st quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock valued at $7,874,000 after buying an additional 14,171 shares in the last quarter. PTM Wealth Management LLC purchased a new stake in shares of Lockheed Martin during the 1st quarter valued at approximately $377,000. First American Bank lifted its stake in shares of Lockheed Martin by 18.8% during the 1st quarter. First American Bank now owns 8,393 shares of the aerospace company’s stock valued at $3,749,000 after buying an additional 1,327 shares in the last quarter. Empowered Funds LLC lifted its stake in Lockheed Martin by 21.2% in the 1st quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock worth $18,038,000 after purchasing an additional 7,052 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. lifted its stake in Lockheed Martin by 18.6% in the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company’s stock worth $7,652,000 after purchasing an additional 2,686 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. UBS Group lowered their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday. Vertical Research reiterated a “hold” rating and issued a $460.00 target price on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Finally, Susquehanna increased their target price on shares of Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and an average target price of $503.13.

Lockheed Martin Stock Performance

NYSE LMT opened at $505.11 on Friday. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The company has a market capitalization of $117.92 billion, a P/E ratio of 28.44, a P/E/G ratio of 1.79 and a beta of 0.28. The company has a fifty day moving average of $464.89 and a 200-day moving average of $462.82.

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

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is presently 74.32%.

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.