West Michigan Advisors LLC Buys New Stake in Lockheed Martin Corporation $LMT

West Michigan Advisors LLC bought a new stake in Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 779 shares of the aerospace company’s stock, valued at approximately $361,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Ground Swell Capital LLC acquired a new position in Lockheed Martin during the second quarter worth $216,000. Moloney Securities Asset Management LLC raised its position in Lockheed Martin by 0.8% during the second quarter. Moloney Securities Asset Management LLC now owns 6,794 shares of the aerospace company’s stock worth $3,147,000 after acquiring an additional 56 shares during the period. Jackson Hole Capital Partners LLC raised its position in Lockheed Martin by 3.2% during the second quarter. Jackson Hole Capital Partners LLC now owns 10,753 shares of the aerospace company’s stock worth $4,980,000 after acquiring an additional 334 shares during the period. Asset Management One Co. Ltd. raised its position in Lockheed Martin by 0.7% during the second quarter. Asset Management One Co. Ltd. now owns 91,515 shares of the aerospace company’s stock worth $42,384,000 after acquiring an additional 643 shares during the period. Finally, AlTi Global Inc. raised its position in Lockheed Martin by 4.1% during the second quarter. AlTi Global Inc. now owns 1,977 shares of the aerospace company’s stock worth $915,000 after acquiring an additional 77 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on LMT. Morgan Stanley upped their price objective on shares of Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Royal Bank Of Canada upped their target price 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 shares of Lockheed Martin and gave the stock a “hold” rating in a report on Wednesday, October 8th. Finally, Cowen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $513.47.

Lockheed Martin Trading Down 0.5%

Shares of LMT opened at $485.59 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.83 and a debt-to-equity ratio of 3.32. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $576.43. The firm has a 50-day moving average price of $477.51 and a 200 day moving average price of $466.37. The firm has a market capitalization 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.

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, beating analysts’ consensus estimates of $6.33 by $0.62. The firm had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. Lockheed Martin’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be given a dividend of $3.45 per share. 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%. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s dividend payout ratio is currently 77.05%.

About Lockheed Martin

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.