Lockheed Martin Corporation $LMT Shares Purchased by Concord Asset Management LLC VA

Concord Asset Management LLC VA grew its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 3.0% in the second quarter, HoldingsChannel reports. The fund owned 8,375 shares of the aerospace company’s stock after buying an additional 244 shares during the period. Concord Asset Management LLC VA’s holdings in Lockheed Martin were worth $3,879,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of LMT. Sequoia Financial Advisors LLC raised its stake in shares of Lockheed Martin by 21.7% during the second quarter. Sequoia Financial Advisors LLC now owns 15,640 shares of the aerospace company’s stock valued at $7,243,000 after purchasing an additional 2,790 shares in the last quarter. Vest Financial LLC increased its stake in Lockheed Martin by 34.6% during the 2nd quarter. Vest Financial LLC now owns 4,856 shares of the aerospace company’s stock valued at $2,249,000 after buying an additional 1,248 shares during the period. MGO One Seven LLC lifted its stake in shares of Lockheed Martin by 5.0% in the 2nd quarter. MGO One Seven LLC now owns 4,233 shares of the aerospace company’s stock worth $1,960,000 after acquiring an additional 203 shares during the period. Welch Group LLC boosted its holdings in shares of Lockheed Martin by 2.2% in the second quarter. Welch Group LLC now owns 126,912 shares of the aerospace company’s stock valued at $58,778,000 after acquiring an additional 2,709 shares in the last quarter. Finally, Bill Few Associates Inc. increased its stake in shares of Lockheed Martin by 64.0% during the second quarter. Bill Few Associates Inc. now owns 1,317 shares of the aerospace company’s stock valued at $610,000 after acquiring an additional 514 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.5%

Shares of Lockheed Martin stock opened at $505.11 on Monday. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The firm has a market capitalization of $117.93 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 1.77 and a beta of 0.28. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The stock’s fifty day moving average is $464.89 and its 200-day moving average is $463.09.

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

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a dividend of $3.45 per share. This is an increase 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 2.7%. The ex-dividend date is Monday, December 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 77.70%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LMT. TD Cowen restated a “hold” rating and issued a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Wall Street Zen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. 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 report on Monday, July 14th. Finally, Vertical Research reissued a “hold” rating and issued a $460.00 price target on shares of Lockheed Martin in a report on Tuesday, July 22nd. 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’s stock. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and an average price target of $503.53.

Lockheed Martin Company 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.