Eubel Brady & Suttman Asset Management Inc. Has $17.81 Million Stock Holdings in Lockheed Martin Corporation $LMT

Eubel Brady & Suttman Asset Management Inc. boosted its stake in Lockheed Martin Corporation (NYSE:LMT) by 1.5% in the second quarter, HoldingsChannel reports. The firm owned 38,448 shares of the aerospace company’s stock after buying an additional 574 shares during the period. Lockheed Martin makes up about 2.2% of Eubel Brady & Suttman Asset Management Inc.’s portfolio, making the stock its 22nd largest position. Eubel Brady & Suttman Asset Management Inc.’s holdings in Lockheed Martin were worth $17,807,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. 49 Wealth Management LLC grew its holdings in Lockheed Martin by 3.4% in the first quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company’s stock worth $295,000 after purchasing an additional 22 shares during the period. OMNI 360 Wealth Inc. grew its holdings in shares of Lockheed Martin by 2.5% during the first quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company’s stock valued at $408,000 after buying an additional 22 shares during the last quarter. Tyler Stone Wealth Management grew its holdings in shares of Lockheed Martin by 3.3% during the first quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock valued at $306,000 after buying an additional 22 shares during the last quarter. Investment Advisory Services Inc. TX ADV grew its holdings in shares of Lockheed Martin by 4.7% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock valued at $225,000 after buying an additional 22 shares during the last quarter. Finally, Broadway Wealth Solutions Inc. grew its holdings in shares of Lockheed Martin by 4.5% during the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock valued at $237,000 after buying an additional 22 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on LMT shares. Morgan Stanley lifted their price objective on shares of Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Bank of America lowered their price target on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. Finally, Royal Bank Of Canada boosted their price objective on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $513.47.

Lockheed Martin Price Performance

LMT stock opened at $486.05 on Wednesday. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $576.43. The stock has a market cap of $112.47 billion, a PE ratio of 27.14, a P/E/G ratio of 1.70 and a beta of 0.28. The firm has a 50 day simple moving average of $479.34 and a two-hundred day simple moving average of $466.88.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping 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 business had revenue of $18.61 billion during the quarter, compared to analysts’ expectations of $18.45 billion. During the same quarter in the previous year, the company earned $6.84 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a $3.45 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is presently 73.70%.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the transaction, the chief operating officer owned 1 shares of the company’s stock, valued at $491.04. The trade was a 99.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Lockheed Martin Company 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.