Lockheed Martin Corporation $LMT Stock Position Raised by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lifted its position in Lockheed Martin Corporation (NYSE:LMT) by 4.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 9,493 shares of the aerospace company’s stock after buying an additional 396 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Lockheed Martin were worth $4,397,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Stratos Wealth Advisors LLC lifted its stake in Lockheed Martin by 2.7% in the second quarter. Stratos Wealth Advisors LLC now owns 1,000 shares of the aerospace company’s stock valued at $463,000 after acquiring an additional 26 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Lockheed Martin by 5.6% during the 2nd quarter. Private Trust Co. NA now owns 4,501 shares of the aerospace company’s stock valued at $2,085,000 after purchasing an additional 238 shares in the last quarter. Angeles Wealth Management LLC lifted its stake in shares of Lockheed Martin by 7.1% in the 2nd quarter. Angeles Wealth Management LLC now owns 1,567 shares of the aerospace company’s stock valued at $726,000 after purchasing an additional 104 shares during the last quarter. Oxbow Advisors LLC boosted its holdings in Lockheed Martin by 3.0% in the second quarter. Oxbow Advisors LLC now owns 5,957 shares of the aerospace company’s stock worth $2,759,000 after purchasing an additional 172 shares in the last quarter. Finally, Smithbridge Asset Management Inc. DE increased its position in Lockheed Martin by 1.4% during the second quarter. Smithbridge Asset Management Inc. DE now owns 12,250 shares of the aerospace company’s stock worth $5,673,000 after buying an additional 167 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.4%

Shares of LMT stock opened at $495.24 on Friday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The firm 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. The stock has a 50 day moving average of $471.93 and a 200-day moving average of $464.78.

Lockheed Martin (NYSE:LMT) last announced its 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 business had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. Lockheed Martin’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a $3.45 dividend. The ex-dividend date is Monday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. Lockheed Martin’s dividend payout ratio is 77.70%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the stock a “market perform” rating in a research report on Monday, July 14th. Deutsche Bank Aktiengesellschaft set a $519.00 target price on Lockheed Martin and gave the stock a “hold” rating in a report on Wednesday, October 8th. Bank of America decreased their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Royal Bank Of Canada lifted their price target on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 7th. Finally, Cowen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Lockheed Martin currently has a consensus 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.