GHP Investment Advisors Inc. Has $3.29 Million Position in Lockheed Martin Corporation $LMT

GHP Investment Advisors Inc. grew its holdings in Lockheed Martin Corporation (NYSE:LMT) by 24.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,096 shares of the aerospace company’s stock after purchasing an additional 1,382 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Lockheed Martin were worth $3,287,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in LMT. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Lockheed Martin during the second quarter valued at $28,000. TruNorth Capital Management LLC acquired a new position in shares of Lockheed Martin during the first quarter valued at $31,000. Frazier Financial Advisors LLC acquired a new position in shares of Lockheed Martin during the second quarter valued at $34,000. GFG Capital LLC acquired a new position in shares of Lockheed Martin during the second quarter valued at $43,000. Finally, Bernard Wealth Management Corp. lifted its stake in shares of Lockheed Martin by 251.9% during the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 68 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.5%

Shares of Lockheed Martin stock opened at $492.04 on Monday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $576.43. The business has a 50-day moving average of $481.90 and a two-hundred day moving average of $467.14. The company has a market capitalization of $113.86 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 1.69 and a beta of 0.28. 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 (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. The business had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.Lockheed Martin’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the company earned $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be issued a dividend of $3.45 per share. 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 dividend on an annualized basis and a dividend yield of 2.8%. Lockheed Martin’s dividend payout ratio is 77.05%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LMT shares. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the company a “hold” rating in a report on Wednesday, October 8th. Cowen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Vertical Research reiterated a “hold” rating and issued a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. Alembic Global Advisors upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. Finally, Susquehanna upped 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. One equities research 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 company. Based on data from MarketBeat, Lockheed Martin presently has an average rating of “Hold” and a consensus target price of $513.47.

Insider Activity

In related news, COO John Frank A. St sold 7,792 shares of the stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the completion of the transaction, the chief operating officer directly owned 1 shares in the company, valued at approximately $491.04. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

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.