Schnieders Capital Management LLC Increases Holdings in Lockheed Martin Corporation $LMT

Schnieders Capital Management LLC grew its holdings in Lockheed Martin Corporation (NYSE:LMT) by 17.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,460 shares of the aerospace company’s stock after acquiring an additional 215 shares during the period. Schnieders Capital Management LLC’s holdings in Lockheed Martin were worth $676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the company. Altus Wealth Group LLC lifted its position in shares of Lockheed Martin by 1.4% in the second quarter. Altus Wealth Group LLC now owns 1,814 shares of the aerospace company’s stock worth $840,000 after buying an additional 25 shares in the last quarter. Balboa Wealth Partners lifted its position in shares of Lockheed Martin by 4.5% in the second quarter. Balboa Wealth Partners now owns 1,368 shares of the aerospace company’s stock worth $633,000 after buying an additional 59 shares in the last quarter. Calamos Wealth Management LLC lifted its position in shares of Lockheed Martin by 120.2% in the second quarter. Calamos Wealth Management LLC now owns 7,056 shares of the aerospace company’s stock worth $3,268,000 after buying an additional 3,851 shares in the last quarter. Forvis Mazars Wealth Advisors LLC lifted its position in shares of Lockheed Martin by 4.0% in the second quarter. Forvis Mazars Wealth Advisors LLC now owns 1,178 shares of the aerospace company’s stock worth $545,000 after buying an additional 45 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in shares of Lockheed Martin by 19.9% in the second quarter. Chicago Partners Investment Group LLC now owns 2,475 shares of the aerospace company’s stock worth $1,146,000 after buying an additional 410 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Trading Up 0.4%

Shares of LMT stock opened at $495.24 on Monday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The stock’s 50 day simple moving average is $471.93 and its two-hundred day simple moving average is $464.85. The company has a market cap of $115.62 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 1.74 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, topping the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same period in the prior year, the business posted $7.11 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a dividend of $3.45 per share. 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 2.8%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is 74.32%.

Analysts Set New Price Targets

LMT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft set a $519.00 target price on Lockheed Martin and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Morgan Stanley boosted their target price on Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a research report on Wednesday. Royal Bank Of Canada boosted their target price on Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. decreased their price objective on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $510.29.

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.