Oak Harvest Investment Services Has $6.82 Million Stake in Lockheed Martin Corporation $LMT

Oak Harvest Investment Services raised its position in Lockheed Martin Corporation (NYSE:LMT) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,719 shares of the aerospace company’s stock after buying an additional 419 shares during the quarter. Oak Harvest Investment Services’ holdings in Lockheed Martin were worth $6,817,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mid American Wealth Advisory Group Inc. acquired a new position in Lockheed Martin during the second quarter valued at approximately $28,000. Frazier Financial Advisors LLC bought a new stake in Lockheed Martin during the second quarter valued at $34,000. GFG Capital LLC acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $43,000. Bernard Wealth Management Corp. raised its holdings in shares of Lockheed Martin by 251.9% during the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 68 shares during the period. Finally, Ritter Daniher Financial Advisory LLC DE bought a new position in Lockheed Martin in the first quarter worth approximately $45,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

LMT has been the topic of several research reports. Wall Street Zen upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Deutsche Bank Aktiengesellschaft set a $519.00 target price on shares of Lockheed Martin and gave the stock a “hold” rating in a research report on Wednesday, October 8th. UBS Group lowered their target price on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a report on Wednesday, October 22nd. Susquehanna lifted their price target on Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research note on Thursday, October 9th. Finally, Morgan Stanley boosted their price objective on Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $513.47.

Insider Activity at Lockheed Martin

In related news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the sale, the chief operating officer directly owned 1 shares in the company, valued at approximately $491.04. The trade was a 99.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Lockheed Martin Stock Down 0.3%

Shares of NYSE:LMT opened at $455.76 on Friday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $561.35. The company has a market capitalization of $105.46 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 1.69 and a beta of 0.25. The business has a fifty day moving average price of $484.17 and a two-hundred day moving average price of $467.18. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. During the same period in the previous year, the firm earned $6.84 EPS. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

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

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.