Lockheed Martin Corporation $LMT Shares Purchased by Omnia Family Wealth LLC

Omnia Family Wealth LLC boosted its position in Lockheed Martin Corporation (NYSE:LMT) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,831 shares of the aerospace company’s stock after acquiring an additional 61 shares during the quarter. Omnia Family Wealth LLC’s holdings in Lockheed Martin were worth $848,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Entropy Technologies LP boosted its holdings in Lockheed Martin by 410.2% in the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock valued at $7,874,000 after acquiring an additional 14,171 shares during the last quarter. PTM Wealth Management LLC acquired a new position in Lockheed Martin in the first quarter valued at $377,000. First American Bank boosted its holdings in Lockheed Martin by 18.8% in the first quarter. First American Bank now owns 8,393 shares of the aerospace company’s stock valued at $3,749,000 after acquiring an additional 1,327 shares during the last quarter. Empowered Funds LLC boosted its holdings in Lockheed Martin by 21.2% in the first quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock valued at $18,038,000 after acquiring an additional 7,052 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in Lockheed Martin by 18.6% in the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company’s stock valued at $7,652,000 after acquiring an additional 2,686 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

LMT has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price on Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a report on Wednesday. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the company a “market perform” rating in a research report on Monday, July 14th. Vertical Research reissued a “hold” rating and issued a $460.00 price objective on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Royal Bank Of Canada raised their price objective on Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 7th. Finally, UBS Group cut their price objective on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $510.29.

Lockheed Martin Stock Down 1.2%

Shares of NYSE LMT opened at $499.17 on Thursday. 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 $116.54 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 1.78 and a beta of 0.28. 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 stock’s 50-day simple moving average is $469.31 and its 200-day simple moving average is $464.06.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. The business had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities analysts anticipate 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. Investors of record on Monday, December 1st will be paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. Lockheed Martin’s payout ratio is 77.70%.

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.