RMR Wealth Builders Grows Stock Position in Lockheed Martin Corporation $LMT

RMR Wealth Builders lifted its stake in Lockheed Martin Corporation (NYSE:LMT) by 17.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,389 shares of the aerospace company’s stock after purchasing an additional 646 shares during the period. RMR Wealth Builders’ holdings in Lockheed Martin were worth $2,033,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LMT. Brighton Jones LLC boosted its holdings in Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after purchasing an additional 191 shares during the period. Toronto Dominion Bank boosted its holdings in Lockheed Martin by 74.6% in the fourth quarter. Toronto Dominion Bank now owns 183,943 shares of the aerospace company’s stock valued at $89,386,000 after purchasing an additional 78,568 shares during the period. Strategic Wealth Partners Ltd. boosted its holdings in Lockheed Martin by 12.4% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 1,332 shares of the aerospace company’s stock valued at $647,000 after purchasing an additional 147 shares during the period. State of Wyoming boosted its holdings in Lockheed Martin by 93.9% in the fourth quarter. State of Wyoming now owns 1,113 shares of the aerospace company’s stock valued at $541,000 after purchasing an additional 539 shares during the period. Finally, Tidal Investments LLC boosted its holdings in Lockheed Martin by 204.6% in the fourth quarter. Tidal Investments LLC now owns 78,833 shares of the aerospace company’s stock valued at $38,308,000 after purchasing an additional 52,955 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LMT. UBS Group lowered their price objective on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. Royal Bank Of Canada dropped their price objective on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 23rd. Cowen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Truist Financial downgraded Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the company from $554.00 to $440.00 in a report on Wednesday, July 23rd. Finally, Susquehanna dropped their price objective on Lockheed Martin from $550.00 to $490.00 and set a “positive” rating on the stock in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $494.00.

Lockheed Martin Stock Up 0.1%

Lockheed Martin stock opened at $471.10 on Monday. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The company has a market capitalization of $109.98 billion, a P/E ratio of 26.53, a PEG ratio of 1.66 and a beta of 0.26. The stock has a 50-day simple moving average of $446.39 and a 200-day simple moving average of $458.41.

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

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin’s payout ratio is presently 74.32%.

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.