PDS Planning Inc Boosts Holdings in Lockheed Martin Corporation $LMT

PDS Planning Inc lifted its stake in Lockheed Martin Corporation (NYSE:LMT) by 8.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,888 shares of the aerospace company’s stock after purchasing an additional 150 shares during the period. PDS Planning Inc’s holdings in Lockheed Martin were worth $874,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LMT. TruNorth Capital Management LLC purchased a new stake in shares of Lockheed Martin in the 1st quarter worth about $31,000. EQ Wealth Advisors LLC purchased a new position in Lockheed Martin during the 1st quarter valued at about $43,000. GFG Capital LLC purchased a new position in Lockheed Martin during the 2nd quarter valued at about $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new position in Lockheed Martin during the 1st quarter valued at about $45,000. Finally, McIlrath & Eck LLC lifted its position in Lockheed Martin by 161.0% during the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock valued at $48,000 after acquiring an additional 66 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Trading Down 0.5%

NYSE:LMT opened at $505.11 on Friday. The company has a market cap of $117.92 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 1.79 and a beta of 0.28. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The company has a 50 day simple moving average of $464.89 and a two-hundred day simple moving average of $462.82. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. The firm had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the business posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share 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 paid a $3.45 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is currently 74.32%.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $519.00 price target on shares of Lockheed Martin and gave the company a “hold” rating in a research report on Wednesday. Wall Street Zen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the company a “market perform” rating in a research report on Monday, July 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday. Finally, Vertical Research restated a “hold” rating and set a $460.00 price objective on shares of Lockheed Martin in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $503.13.

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.