Lockheed Martin Corporation $LMT Stock Holdings Increased by Sharp Financial Services LLC

Sharp Financial Services LLC raised its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 47.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,217 shares of the aerospace company’s stock after acquiring an additional 390 shares during the period. Sharp Financial Services LLC’s holdings in Lockheed Martin were worth $564,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its stake in Lockheed Martin by 7.5% during the 1st 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 acquiring an additional 560,457 shares in the last quarter. Royal Bank of Canada raised its stake in Lockheed Martin by 1.4% during the 1st quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock valued at $1,021,846,000 after acquiring an additional 31,443 shares in the last quarter. Invesco Ltd. raised its stake in Lockheed Martin by 0.6% during the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company’s stock valued at $958,116,000 after acquiring an additional 12,899 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Lockheed Martin by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company’s stock valued at $580,317,000 after acquiring an additional 24,512 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Lockheed Martin by 4.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company’s stock valued at $518,937,000 after acquiring an additional 51,522 shares in the last quarter. 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. The stock’s fifty day moving average is $464.89 and its 200-day moving average is $463.09. 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. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. The company had revenue of $18.16 billion for 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.11 earnings per share. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be given a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. 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 payout ratio is presently 77.70%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LMT shares. The Goldman Sachs Group upped their price objective on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a report on Friday. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the company a “hold” rating in a report on Wednesday. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the company a “market perform” rating in a report on Monday, July 14th. Bank of America cut their price objective on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Finally, Wall Street Zen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.