Frazier Financial Advisors LLC Invests $34,000 in Lockheed Martin Corporation $LMT

Frazier Financial Advisors LLC bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the 2nd quarter, HoldingsChannel reports. The firm bought 74 shares of the aerospace company’s stock, valued at approximately $34,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of LMT. TruNorth Capital Management LLC bought a new position in Lockheed Martin in the 1st quarter worth about $31,000. EQ Wealth Advisors LLC purchased a new stake in Lockheed Martin during the 1st quarter valued at about $43,000. GFG Capital LLC purchased a new stake in shares of Lockheed Martin during the second quarter worth about $43,000. Bernard Wealth Management Corp. increased its position 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 buying an additional 68 shares during the period. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new stake in shares of Lockheed Martin in the 1st quarter worth about $45,000. 74.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LMT shares. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the stock a “market perform” rating in a research note on Monday, July 14th. The Goldman Sachs Group boosted their price objective on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research report on Friday. Cowen cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Finally, Vertical Research restated a “hold” rating and set a $460.00 target price on shares of Lockheed Martin in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $503.53.

Lockheed Martin Stock Down 0.3%

LMT stock opened at $503.67 on Tuesday. The firm has a 50 day moving average of $466.48 and a 200 day moving average of $463.53. The stock has a market capitalization of $117.59 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 1.77 and a beta of 0.28. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. The firm had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. 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 is 74.32%.

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.