Lockheed Martin Corporation $LMT Holdings Lifted by Evergreen Wealth Management LLC

Evergreen Wealth Management LLC boosted its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,357 shares of the aerospace company’s stock after buying an additional 60 shares during the period. Lockheed Martin accounts for 1.7% of Evergreen Wealth Management LLC’s investment portfolio, making the stock its 21st largest position. Evergreen Wealth Management LLC’s holdings in Lockheed Martin were worth $2,944,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Mid American Wealth Advisory Group Inc. bought a new position in Lockheed Martin during the second quarter valued at about $28,000. TruNorth Capital Management LLC bought a new position in Lockheed Martin during the first quarter valued at about $31,000. Frazier Financial Advisors LLC bought a new position in Lockheed Martin during the second quarter valued at about $34,000. GFG Capital LLC bought a new position in Lockheed Martin during the second quarter valued at about $43,000. Finally, Bernard Wealth Management Corp. boosted its stake in 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 buying an additional 68 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling at Lockheed Martin

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 stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the completion of the sale, the chief operating officer directly owned 1 shares of the company’s stock, valued at $491.04. This trade represents a 99.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by company insiders.

Lockheed Martin Stock Down 0.2%

Shares of Lockheed Martin stock opened at $486.05 on Wednesday. The stock has a 50-day moving average price of $479.34 and a 200 day moving average price of $466.88. The company has a market cap of $112.47 billion, a P/E ratio of 27.14, a P/E/G ratio of 1.70 and a beta of 0.28. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $0.62. The firm had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the business earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. 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%. Lockheed Martin’s dividend payout ratio (DPR) is 73.70%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Morgan Stanley upped their target price on Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Wall Street Zen raised Lockheed Martin from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group reduced their target price on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a report on Wednesday, October 22nd. Finally, TD Cowen reaffirmed a “hold” rating and set a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. 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 given a Sell rating to the stock. According to MarketBeat, Lockheed Martin has an average rating of “Hold” and an average price target of $513.47.

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.