Wealth Alliance Advisory Group LLC Purchases 203 Shares of Lockheed Martin Corporation $LMT

Wealth Alliance Advisory Group LLC lifted its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 14.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,624 shares of the aerospace company’s stock after purchasing an additional 203 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Lockheed Martin were worth $752,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. TruNorth Capital Management LLC bought a new position in shares of Lockheed Martin during the first quarter worth approximately $31,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin during the 4th quarter worth $35,000. EQ Wealth Advisors LLC bought a new position in Lockheed Martin during the 1st quarter worth $43,000. Ritter Daniher Financial Advisory LLC DE bought a new position in Lockheed Martin during the 1st quarter worth $45,000. Finally, McIlrath & Eck LLC increased its stake in Lockheed Martin by 161.0% during the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock worth $48,000 after acquiring an additional 66 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.1%

Shares of LMT opened at $471.10 on Friday. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The business’s fifty day moving average is $446.39 and its 200-day moving average is $458.33. 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 firm has a market cap of $109.98 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.66 and a beta of 0.26.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) 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 company had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same quarter last year, the company posted $7.11 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. 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 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently commented on LMT. TD Cowen reaffirmed a “hold” rating and issued a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Cowen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. UBS Group dropped their price target on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Finally, Truist Financial downgraded Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $494.00.

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.