Stratos Wealth Advisors LLC Has $463,000 Stock Holdings in Lockheed Martin Corporation $LMT

Stratos Wealth Advisors LLC lifted its holdings in Lockheed Martin Corporation (NYSE:LMT) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,000 shares of the aerospace company’s stock after purchasing an additional 26 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Lockheed Martin were worth $463,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Private Trust Co. NA grew its position in shares of Lockheed Martin by 5.6% in the 2nd quarter. Private Trust Co. NA now owns 4,501 shares of the aerospace company’s stock valued at $2,085,000 after purchasing an additional 238 shares during the period. Angeles Wealth Management LLC grew its position in shares of Lockheed Martin by 7.1% in the 2nd quarter. Angeles Wealth Management LLC now owns 1,567 shares of the aerospace company’s stock valued at $726,000 after purchasing an additional 104 shares during the period. Oxbow Advisors LLC grew its position in shares of Lockheed Martin by 3.0% in the 2nd quarter. Oxbow Advisors LLC now owns 5,957 shares of the aerospace company’s stock valued at $2,759,000 after purchasing an additional 172 shares during the period. Smithbridge Asset Management Inc. DE grew its position in shares of Lockheed Martin by 1.4% in the 2nd quarter. Smithbridge Asset Management Inc. DE now owns 12,250 shares of the aerospace company’s stock valued at $5,673,000 after purchasing an additional 167 shares during the period. Finally, Activest Wealth Management lifted its stake in Lockheed Martin by 178.8% in the 2nd quarter. Activest Wealth Management now owns 223 shares of the aerospace company’s stock valued at $103,000 after acquiring an additional 143 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LMT has been the topic of several research reports. Robert W. Baird boosted their target price on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Truist Financial boosted their target price on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research note on Wednesday. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Finally, Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the company a “market perform” rating in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $510.29.

Lockheed Martin Trading Up 0.4%

Shares of Lockheed Martin stock opened at $495.24 on Monday. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The stock has a market cap of $115.62 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.74 and a beta of 0.28. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The business’s 50 day moving average is $471.93 and its 200-day moving average is $464.85.

Lockheed Martin (NYSE:LMT) last announced 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 return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. During the same quarter in the prior year, the business posted $7.11 EPS. The business’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. Equities research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal 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 paid a dividend of $3.45 per share. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is currently 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.