Lockheed Martin Corporation $LMT Shares Acquired by Center for Financial Planning Inc.

Center for Financial Planning Inc. grew its stake in Lockheed Martin Corporation (NYSE:LMT) by 20.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 751 shares of the aerospace company’s stock after purchasing an additional 126 shares during the period. Center for Financial Planning Inc.’s holdings in Lockheed Martin were worth $348,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Lockheed Martin in the second quarter valued at approximately $28,000. TruNorth Capital Management LLC acquired a new position in shares of Lockheed Martin in the first quarter valued at approximately $31,000. Frazier Financial Advisors LLC acquired a new position in shares of Lockheed Martin in the second quarter valued at approximately $34,000. GFG Capital LLC acquired a new position in shares of Lockheed Martin in the second quarter valued at approximately $43,000. Finally, Bernard Wealth Management Corp. increased its holdings in shares of Lockheed Martin by 251.9% in the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after purchasing 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%

Lockheed Martin stock opened at $492.04 on Friday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. The firm has a market capitalization of $113.86 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 1.69 and a beta of 0.28. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $576.43. The stock’s fifty day moving average is $481.90 and its two-hundred day moving average is $467.23.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, beating the consensus estimate of $6.33 by $0.62. The company had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.Lockheed Martin’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be given a $3.45 dividend. This is an increase 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 is Monday, December 1st. Lockheed Martin’s dividend payout ratio (DPR) is currently 77.05%.

Insider Activity

In other news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the sale, the chief operating officer directly owned 1 shares in the company, valued at $491.04. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LMT. JPMorgan Chase & Co. dropped their target price on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Vertical Research reaffirmed a “hold” rating and set a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. Royal Bank Of Canada upped their price objective on Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 7th. UBS Group dropped their price objective on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a report on Wednesday, October 22nd. Finally, Morgan Stanley upped their price objective on Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $513.47.

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.