Aspiriant LLC Raises Holdings in Lockheed Martin Corporation $LMT

Aspiriant LLC raised its holdings in Lockheed Martin Corporation (NYSE:LMT) by 41.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 958 shares of the aerospace company’s stock after purchasing an additional 282 shares during the quarter. Aspiriant LLC’s holdings in Lockheed Martin were worth $444,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. TruNorth Capital Management LLC acquired a new position in Lockheed Martin in the first quarter valued at about $31,000. Frazier Financial Advisors LLC purchased a new stake in shares of Lockheed Martin in the 2nd quarter valued at approximately $34,000. EQ Wealth Advisors LLC acquired a new position in shares of Lockheed Martin in the 1st quarter worth approximately $43,000. GFG Capital LLC purchased a new position in shares of Lockheed Martin during the 2nd quarter worth approximately $43,000. Finally, Bernard Wealth Management Corp. increased its holdings in Lockheed Martin by 251.9% in the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 68 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

LMT stock opened at $495.24 on Friday. The business’s 50-day moving average is $471.93 and its two-hundred day moving average is $464.78. 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 firm has a market capitalization of $115.62 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.74 and a beta of 0.28. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. The business had revenue of $18.16 billion during 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 business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company 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 $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is 77.70%.

Wall Street Analyst Weigh In

LMT has been the topic of a number of research reports. Morgan Stanley upped their price target on Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a research note on Wednesday. Truist Financial increased their target price on Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research note on Wednesday. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the company a “market perform” rating in a report on Monday, July 14th. JPMorgan Chase & Co. cut their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Finally, Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $510.29.

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.