Resonant Capital Advisors LLC Grows Holdings in Lockheed Martin Corporation $LMT

Resonant Capital Advisors LLC raised its stake in Lockheed Martin Corporation (NYSE:LMT) by 52.8% during the second quarter, Holdings Channel reports. The fund owned 796 shares of the aerospace company’s stock after buying an additional 275 shares during the period. Resonant Capital Advisors LLC’s holdings in Lockheed Martin were worth $369,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LMT. Brighton Jones LLC raised its position in shares of Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after purchasing an additional 191 shares during the period. Joel Isaacson & Co. LLC raised its position in shares of Lockheed Martin by 18.6% in the first quarter. Joel Isaacson & Co. LLC now owns 1,149 shares of the aerospace company’s stock valued at $513,000 after purchasing an additional 180 shares during the period. Root Financial Partners LLC raised its position in shares of Lockheed Martin by 4.8% in the first quarter. Root Financial Partners LLC now owns 541 shares of the aerospace company’s stock valued at $242,000 after purchasing an additional 25 shares during the period. Citizens National Bank Trust Department increased its holdings in Lockheed Martin by 99.1% during the 1st quarter. Citizens National Bank Trust Department now owns 231 shares of the aerospace company’s stock worth $103,000 after acquiring an additional 115 shares during the period. Finally, Shilanski & Associates Inc. increased its holdings in Lockheed Martin by 9.2% during the 1st quarter. Shilanski & Associates Inc. now owns 5,808 shares of the aerospace company’s stock worth $2,594,000 after acquiring an additional 487 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Up 0.3%

Shares of Lockheed Martin stock opened at $486.96 on Tuesday. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. The company has a 50-day moving average of $478.44 and a 200 day moving average of $466.74. The firm has a market cap of $112.68 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.69 and a beta of 0.28. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $576.43.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating the consensus estimate 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 prior year, the firm posted $6.84 EPS. Lockheed Martin’s revenue for the quarter was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared 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. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is 77.05%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LMT. Bank of America decreased their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. JPMorgan Chase & Co. cut their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Wall Street Zen raised shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research note on Saturday. Susquehanna upped their price objective on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research note on Thursday, October 9th. Finally, Sanford C. Bernstein upped their price objective on shares of Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $513.47.

Insider Activity

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

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.