LifeWealth Investments LLC Boosts Stock Position in Lockheed Martin Corporation $LMT

LifeWealth Investments LLC grew its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 90.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,576 shares of the aerospace company’s stock after buying an additional 750 shares during the period. LifeWealth Investments LLC’s holdings in Lockheed Martin were worth $730,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Ethic Inc. lifted its position in shares of Lockheed Martin by 12.9% during the 2nd quarter. Ethic Inc. now owns 6,108 shares of the aerospace company’s stock valued at $2,801,000 after buying an additional 696 shares in the last quarter. White Lighthouse Investment Management Inc. lifted its holdings in Lockheed Martin by 6.7% in the 2nd quarter. White Lighthouse Investment Management Inc. now owns 573 shares of the aerospace company’s stock worth $266,000 after purchasing an additional 36 shares in the last quarter. Greatmark Investment Partners Inc. lifted its holdings in Lockheed Martin by 10.9% in the 2nd quarter. Greatmark Investment Partners Inc. now owns 964 shares of the aerospace company’s stock worth $446,000 after purchasing an additional 95 shares in the last quarter. Parcion Private Wealth LLC lifted its holdings in Lockheed Martin by 4.1% in the 2nd quarter. Parcion Private Wealth LLC now owns 2,993 shares of the aerospace company’s stock worth $1,386,000 after purchasing an additional 119 shares in the last quarter. Finally, Pacific Heights Asset Management LLC lifted its holdings in Lockheed Martin by 3.7% in the 2nd quarter. Pacific Heights Asset Management LLC now owns 56,000 shares of the aerospace company’s stock worth $25,936,000 after purchasing an additional 2,000 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Bank of America lowered their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. Royal Bank Of Canada boosted their price target on Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 7th. Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Robert W. Baird lifted their price objective on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Finally, Cowen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $513.47.

Lockheed Martin Stock Performance

NYSE LMT opened at $486.76 on Thursday. The company has a market cap of $113.64 billion, a P/E ratio of 27.18, a P/E/G ratio of 2.14 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 business’s 50 day moving average price is $475.56 and its 200-day moving average price is $465.67. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $582.18.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, beating the consensus estimate of $6.33 by $0.62. The firm had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a return on equity of 112.13% and a net margin of 5.73%.The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Sell-side analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be given a $3.45 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 annualized dividend and a yield of 2.8%. Lockheed Martin’s dividend payout ratio 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.