Davis Investment Partners LLC Purchases 23 Shares of Lockheed Martin Corporation $LMT

Davis Investment Partners LLC lifted its holdings in Lockheed Martin Corporation (NYSE:LMT) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,168 shares of the aerospace company’s stock after acquiring an additional 23 shares during the period. Davis Investment Partners LLC’s holdings in Lockheed Martin were worth $544,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC increased its holdings in Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares in the last quarter. Toronto Dominion Bank grew its position in shares of Lockheed Martin by 74.6% during the 4th quarter. Toronto Dominion Bank now owns 183,943 shares of the aerospace company’s stock worth $89,386,000 after buying an additional 78,568 shares during the period. Strategic Wealth Partners Ltd. increased its stake in shares of Lockheed Martin by 12.4% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 1,332 shares of the aerospace company’s stock valued at $647,000 after acquiring an additional 147 shares in the last quarter. State of Wyoming increased its stake in shares of Lockheed Martin by 93.9% in the 4th quarter. State of Wyoming now owns 1,113 shares of the aerospace company’s stock valued at $541,000 after acquiring an additional 539 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Lockheed Martin by 204.6% during the 4th quarter. Tidal Investments LLC now owns 78,833 shares of the aerospace company’s stock valued at $38,308,000 after acquiring an additional 52,955 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LMT has been the subject of a number of research reports. Susquehanna reduced their price target on shares of Lockheed Martin from $550.00 to $490.00 and set a “positive” rating for the company in a report on Wednesday, July 23rd. Truist Financial downgraded Lockheed Martin from a “buy” rating to a “hold” rating and reduced their target price for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Wall Street Zen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. cut their price target on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Finally, Vertical Research restated a “hold” rating and set a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $494.00.

Lockheed Martin Stock Performance

Shares of LMT opened at $471.10 on Monday. The firm has a market capitalization of $109.98 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.66 and a beta of 0.26. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The stock has a 50 day moving average price of $446.39 and a two-hundred day moving average price of $458.41. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98.

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, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. During the same quarter in the previous year, the firm earned $7.11 earnings per share. Lockheed Martin’s quarterly revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.8%. Lockheed Martin’s dividend payout ratio is presently 74.32%.

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.