Lockheed Martin Corporation $LMT Stock Holdings Increased by Curio Wealth LLC

Curio Wealth LLC boosted its position in Lockheed Martin Corporation (NYSE:LMT) by 70,600.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,414 shares of the aerospace company’s stock after buying an additional 1,412 shares during the quarter. Curio Wealth LLC’s holdings in Lockheed Martin were worth $655,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in LMT. Charles Schwab Investment Management Inc. grew its holdings in shares of Lockheed Martin by 7.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock valued at $3,587,444,000 after purchasing an additional 560,457 shares during the last quarter. Nuveen LLC acquired a new position in shares of Lockheed Martin during the first quarter worth approximately $221,790,000. AQR Capital Management LLC boosted its position in shares of Lockheed Martin by 76.7% during the first quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company’s stock worth $361,045,000 after buying an additional 350,796 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of Lockheed Martin by 17,506.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company’s stock worth $135,985,000 after buying an additional 302,684 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Lockheed Martin by 59.3% during the first quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company’s stock worth $333,859,000 after buying an additional 278,121 shares during the period. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

NYSE LMT opened at $485.59 on Friday. The stock has a market capitalization of $112.37 billion, a P/E ratio of 27.11, a P/E/G ratio of 1.61 and a beta of 0.28. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $576.43. The business’s fifty day moving average is $477.51 and its two-hundred day moving average is $466.37. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.83 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The company had revenue of $18.61 billion for the quarter, compared to analysts’ expectations of $18.45 billion. During the same quarter 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. On average, research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s dividend payout ratio (DPR) is currently 77.05%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Saturday. Truist Financial boosted their price objective on Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Susquehanna boosted their price objective on Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research report on Thursday, October 9th. TD Cowen reiterated a “hold” rating and set a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Finally, Cowen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Thursday, July 10th. One research 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 stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and an average price target 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.