Lockheed Martin Corporation $LMT Shares Purchased by Richards Merrill & Peterson Inc.

Richards Merrill & Peterson Inc. increased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 12.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,338 shares of the aerospace company’s stock after purchasing an additional 153 shares during the period. Richards Merrill & Peterson Inc.’s holdings in Lockheed Martin were worth $619,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LMT. Sage Mountain Advisors LLC raised its position in shares of Lockheed Martin by 50.7% in the 2nd quarter. Sage Mountain Advisors LLC now owns 1,734 shares of the aerospace company’s stock worth $803,000 after buying an additional 583 shares during the period. West Michigan Advisors LLC acquired a new stake in shares of Lockheed Martin in the second quarter valued at about $361,000. Ground Swell Capital LLC purchased a new stake in Lockheed Martin during the 2nd quarter worth $216,000. Moloney Securities Asset Management LLC boosted its holdings in Lockheed Martin by 0.8% in the second quarter. Moloney Securities Asset Management LLC now owns 6,794 shares of the aerospace company’s stock valued at $3,147,000 after purchasing an additional 56 shares during the last quarter. Finally, Jackson Hole Capital Partners LLC boosted its stake in shares of Lockheed Martin by 3.2% during the 2nd quarter. Jackson Hole Capital Partners LLC now owns 10,753 shares of the aerospace company’s stock valued at $4,980,000 after buying an additional 334 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT stock opened at $485.59 on Friday. The firm has a 50 day simple moving average of $477.51 and a 200 day simple moving average of $466.37. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $576.43. The stock has a market cap of $112.37 billion, a P/E ratio of 27.11, a P/E/G ratio of 1.61 and a beta of 0.28. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.83 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. During the same quarter last year, the business posted $6.84 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Research 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 declared 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. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend 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 presently 77.05%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on LMT shares. Susquehanna boosted their price objective on Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a report on Thursday, October 9th. Royal Bank Of Canada increased their price objective on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft set a $519.00 target price on Lockheed Martin and gave the company a “hold” rating in a research note on Wednesday, October 8th. Bank of America reduced their price target on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Finally, Morgan Stanley raised their target price on Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. One investment 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $513.47.

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.