Robertson Stephens Wealth Management LLC Has $955,000 Stock Position in Lockheed Martin Corporation $LMT

Robertson Stephens Wealth Management LLC decreased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 12.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,062 shares of the aerospace company’s stock after selling 305 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Lockheed Martin were worth $955,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LMT. Brighton Jones LLC increased its stake in shares of Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares during the last quarter. Simon Quick Advisors LLC boosted its holdings in shares of Lockheed Martin by 15.6% during the 1st quarter. Simon Quick Advisors LLC now owns 1,247 shares of the aerospace company’s stock worth $557,000 after buying an additional 168 shares during the period. Everhart Financial Group Inc. boosted its holdings in shares of Lockheed Martin by 8.7% during the 1st quarter. Everhart Financial Group Inc. now owns 1,468 shares of the aerospace company’s stock worth $656,000 after buying an additional 118 shares during the period. Salem Investment Counselors Inc. boosted its holdings in shares of Lockheed Martin by 9.8% during the 1st quarter. Salem Investment Counselors Inc. now owns 1,075 shares of the aerospace company’s stock worth $480,000 after buying an additional 96 shares during the period. Finally, Elevation Point Wealth Partners LLC boosted its holdings in shares of Lockheed Martin by 34.0% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 2,430 shares of the aerospace company’s stock worth $1,086,000 after buying an additional 617 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the subject of several recent analyst reports. Cowen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Vertical Research reaffirmed a “hold” rating and set a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. Susquehanna upped their price objective on shares of Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a report on Thursday. Finally, TD Cowen reaffirmed a “hold” rating and set a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $503.13.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $505.11 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 fifty-two week low of $410.11 and a fifty-two week high of $618.95. The firm has a fifty day moving average price of $464.89 and a two-hundred day moving average price of $462.95. The company has a market cap of $117.92 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 1.78 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share 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 firm had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same period in the prior year, the firm earned $7.11 EPS. The business’s revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently disclosed 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 2.7%. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is 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.