Lockheed Martin Corporation $LMT Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 31.2% during the second quarter, Holdings Channel reports. The fund owned 33,292 shares of the aerospace company’s stock after acquiring an additional 7,914 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Lockheed Martin were worth $15,431,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. TruNorth Capital Management LLC acquired a new stake in Lockheed Martin during the first quarter worth approximately $31,000. GFG Capital LLC acquired a new stake in Lockheed Martin during the second quarter worth approximately $43,000. Bernard Wealth Management Corp. boosted its position in Lockheed Martin by 251.9% during the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 68 shares during the last quarter. EQ Wealth Advisors LLC acquired a new stake in Lockheed Martin during the first quarter worth approximately $43,000. Finally, Ritter Daniher Financial Advisory LLC DE acquired a new stake in Lockheed Martin during the first quarter worth approximately $45,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $505.11 on Friday. The company’s fifty day simple moving average is $464.89 and its 200-day simple moving average is $462.95. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. 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 cap of $117.92 billion, a PE ratio of 28.44, a P/E/G ratio of 1.78 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating 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 business had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter last year, the firm posted $7.11 EPS. The business’s revenue for the quarter 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 anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a $3.45 dividend. 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 a boost from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is 74.32%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LMT shares. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. TD Cowen reiterated a “hold” rating and issued a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Royal Bank Of Canada decreased their price target on shares of Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the company a “market perform” rating in a report on Monday, July 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.