Bernard Wealth Management Corp. Acquires 68 Shares of Lockheed Martin Corporation $LMT

Bernard Wealth Management Corp. increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 251.9% in the second quarter, Holdings Channel.com reports. The fund owned 95 shares of the aerospace company’s stock after buying an additional 68 shares during the quarter. Bernard Wealth Management Corp.’s holdings in Lockheed Martin were worth $44,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LMT. Brighton Jones LLC lifted its stake in shares of Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after acquiring an additional 191 shares during the last quarter. Zhang Financial LLC lifted its stake in shares of Lockheed Martin by 46.6% during the 1st quarter. Zhang Financial LLC now owns 3,019 shares of the aerospace company’s stock worth $1,349,000 after acquiring an additional 960 shares during the last quarter. Simon Quick Advisors LLC lifted its stake in shares of Lockheed Martin by 15.6% during the 1st quarter. Simon Quick Advisors LLC now owns 1,247 shares of the aerospace company’s stock worth $557,000 after acquiring an additional 168 shares during the last quarter. Greenwood Capital Associates LLC raised its position in Lockheed Martin by 13.8% during the 1st quarter. Greenwood Capital Associates LLC now owns 2,749 shares of the aerospace company’s stock valued at $1,228,000 after purchasing an additional 333 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC raised its position in Lockheed Martin by 2.4% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 62,290 shares of the aerospace company’s stock valued at $27,825,000 after purchasing an additional 1,435 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Down 0.5%

Shares of LMT stock opened at $505.11 on Friday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The stock’s fifty day moving average price is $464.89 and its 200 day moving average price is $462.82. 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 company has a market cap of $117.92 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 1.79 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping 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 firm had revenue of $18.16 billion for 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 firm’s revenue for the quarter was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is presently 74.32%.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of research analyst reports. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the company a “market perform” rating in a research report on Monday, July 14th. JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Susquehanna lifted their target price on Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research report on Thursday. Cowen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Thursday, July 10th. Finally, Bank of America decreased their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $503.13.

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.