Van Hulzen Asset Management LLC Increases Stake in Lockheed Martin Corporation $LMT

Van Hulzen Asset Management LLC grew its stake in Lockheed Martin Corporation (NYSE:LMT) by 3.2% during the 1st quarter, HoldingsChannel reports. The firm owned 2,532 shares of the aerospace company’s stock after buying an additional 79 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Lockheed Martin were worth $1,131,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in LMT. TruNorth Capital Management LLC acquired a new position in shares of Lockheed Martin in the 1st quarter valued at $31,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin in the fourth quarter valued at $35,000. Banque Transatlantique SA purchased a new position in Lockheed Martin in the fourth quarter valued at $43,000. EQ Wealth Advisors LLC acquired a new position in shares of Lockheed Martin in the first quarter worth about $43,000. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new stake in shares of Lockheed Martin during the 1st quarter worth about $45,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LMT. Bank of America cut their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday. Cowen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Truist Financial lowered 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 report on Wednesday, July 23rd. Vertical Research reissued a “hold” rating and issued a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. Finally, Robert W. Baird cut their target price on Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $506.35.

Lockheed Martin Stock Performance

NYSE:LMT opened at $445.7320 on Friday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The firm’s fifty day moving average price is $448.65 and its 200 day moving average price is $456.29. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The firm has a market cap of $104.06 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 1.57 and a beta of 0.27.

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

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin’s dividend 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.