Lockheed Martin Corporation $LMT Shares Bought by W.H. Cornerstone Investments Inc.

W.H. Cornerstone Investments Inc. grew its holdings in Lockheed Martin Corporation (NYSE:LMT) by 6.5% during the 2nd quarter, Holdings Channel reports. The firm owned 2,363 shares of the aerospace company’s stock after buying an additional 144 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in Lockheed Martin were worth $1,094,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Mid American Wealth Advisory Group Inc. purchased a new position in Lockheed Martin in the second quarter valued at about $28,000. Frazier Financial Advisors LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth about $34,000. GFG Capital LLC bought a new stake in shares of Lockheed Martin in the second quarter valued at approximately $43,000. Bernard Wealth Management Corp. grew its holdings in shares of Lockheed Martin by 251.9% during the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 68 shares in the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of Lockheed Martin during the 1st quarter worth about $45,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 1 shares in the company, valued at approximately $491.04. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.14% of the stock is owned by corporate insiders.

Lockheed Martin Stock Performance

LMT stock traded up $1.04 during trading on Thursday, reaching $458.08. The company had a trading volume of 105,368 shares, compared to its average volume of 1,579,479. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $561.35. The company has a market cap of $106.00 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.69 and a beta of 0.25. The firm has a 50-day simple moving average of $484.17 and a 200-day simple moving average of $467.26.

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

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 3.0%. The ex-dividend date 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 (DPR) is presently 77.05%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LMT shares. 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, October 10th. Morgan Stanley lifted their target price on Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. 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. Wall Street Zen upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $513.47.

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.