Trust Co. of Toledo NA OH Acquires 147 Shares of Lockheed Martin Corporation $LMT

Trust Co. of Toledo NA OH increased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,153 shares of the aerospace company’s stock after purchasing an additional 147 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Lockheed Martin were worth $5,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. TruNorth Capital Management LLC bought a new stake in Lockheed Martin in the first quarter valued at $31,000. GFG Capital LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter valued at about $43,000. Bernard Wealth Management Corp. boosted its position in Lockheed Martin by 251.9% during the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 68 shares in the last quarter. EQ Wealth Advisors LLC bought a new stake in Lockheed Martin during the 1st quarter valued at approximately $43,000. Finally, Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Lockheed Martin during the first quarter valued at approximately $45,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Down 0.5%

Shares of Lockheed Martin stock opened at $505.11 on Friday. 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. The company’s 50 day moving average is $464.89 and its 200 day moving average is $462.82. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results 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 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 last year, the business posted $7.11 EPS. The company’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. Research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

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

Analysts Set New Price Targets

LMT has been the topic of a number of research reports. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. Robert W. Baird boosted their price objective on shares of Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Monday. Truist Financial cut Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the stock from $554.00 to $440.00 in a research report 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 on the stock in a research report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, Lockheed Martin 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.