Lockheed Martin Corporation $LMT Shares Acquired by Tamar Securities LLC

Tamar Securities LLC grew its holdings in Lockheed Martin Corporation (NYSE:LMT) by 6.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,951 shares of the aerospace company’s stock after acquiring an additional 2,317 shares during the period. Lockheed Martin comprises 2.4% of Tamar Securities LLC’s holdings, making the stock its 20th biggest position. Tamar Securities LLC’s holdings in Lockheed Martin were worth $17,847,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. TruNorth Capital Management LLC purchased a new position in shares of Lockheed Martin during the 1st quarter valued at about $31,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter worth about $35,000. EQ Wealth Advisors LLC acquired a new stake in Lockheed Martin during the first quarter worth about $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new position in Lockheed Martin during the first quarter valued at approximately $45,000. Finally, Dagco Inc. purchased a new position in Lockheed Martin during the first quarter valued at approximately $50,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. UBS Group lowered their price objective on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 23rd. Cowen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Thursday, July 10th. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the company a “market perform” rating in a research report on Monday, July 14th. JPMorgan Chase & Co. dropped their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Finally, Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Lockheed Martin has an average rating of “Hold” and an average target price of $494.00.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $463.68 on Friday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The firm has a market capitalization of $108.25 billion, a PE ratio of 26.11, a P/E/G ratio of 1.63 and a beta of 0.26. The business’s 50 day moving average price is $446.34 and its 200-day moving average price is $457.54.

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

Lockheed Martin Dividend Announcement

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

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.