Zullo Investment Group Inc. Purchases 40 Shares of Lockheed Martin Corporation $LMT

Zullo Investment Group Inc. grew its stake in Lockheed Martin Corporation (NYSE:LMT) by 2.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,719 shares of the aerospace company’s stock after buying an additional 40 shares during the quarter. Zullo Investment Group Inc.’s holdings in Lockheed Martin were worth $796,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. 49 Wealth Management LLC boosted its stake in shares of Lockheed Martin by 3.4% in the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company’s stock valued at $295,000 after purchasing an additional 22 shares in the last quarter. OMNI 360 Wealth Inc. boosted its stake in shares of Lockheed Martin by 2.5% in the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company’s stock valued at $408,000 after purchasing an additional 22 shares in the last quarter. Tyler Stone Wealth Management boosted its stake in shares of Lockheed Martin by 3.3% in the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock valued at $306,000 after purchasing an additional 22 shares in the last quarter. Investment Advisory Services Inc. TX ADV boosted its stake in shares of Lockheed Martin by 4.7% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock valued at $225,000 after purchasing an additional 22 shares in the last quarter. Finally, Broadway Wealth Solutions Inc. boosted its stake in shares of Lockheed Martin by 4.5% in the 2nd quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock valued at $237,000 after purchasing an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LMT. Royal Bank Of Canada dropped their price target on shares of Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. dropped their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft set a $519.00 price target on shares of Lockheed Martin and gave the company a “hold” rating in a research report on Wednesday. Robert W. Baird increased their price target on shares of Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Wall Street Zen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and an average target price of $503.13.

Lockheed Martin Stock Performance

LMT opened at $505.11 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The company has a market cap of $117.92 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 1.79 and a beta of 0.28. The company’s 50 day moving average is $464.89 and its 200 day moving average is $462.82. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data 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. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter last year, the firm posted $7.11 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, December 1st. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is 74.32%.

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.