Lockheed Martin Corporation $LMT Shares Bought by Alaethes Wealth LLC

Alaethes Wealth LLC boosted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 4.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,514 shares of the aerospace company’s stock after buying an additional 136 shares during the period. Alaethes Wealth LLC’s holdings in Lockheed Martin were worth $1,570,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. TruNorth Capital Management LLC acquired a new position in Lockheed Martin during the first quarter worth $31,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at $35,000. EQ Wealth Advisors LLC acquired a new position in shares of Lockheed Martin in the 1st quarter valued at $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of Lockheed Martin in the 1st quarter valued at $45,000. Finally, McIlrath & Eck LLC lifted its stake in shares of Lockheed Martin by 161.0% in the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT stock opened at $458.81 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The company has a market capitalization of $107.11 billion, a PE ratio of 25.83, a P/E/G ratio of 1.63 and a beta of 0.26. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The business’s fifty day moving average price is $446.25 and its 200 day moving average price is $457.81.

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, beating the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion for 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 company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.9%. Lockheed Martin’s dividend payout ratio (DPR) is currently 74.32%.

Analyst Ratings Changes

LMT has been the topic of several recent analyst reports. Bank of America decreased their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research note on Thursday, August 21st. Truist Financial lowered Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price target for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Wall Street Zen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. TD Cowen reaffirmed a “hold” rating and issued a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Finally, Susquehanna decreased their price target on Lockheed Martin from $550.00 to $490.00 and set a “positive” rating on the stock in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $494.00.

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.