Principle Wealth Partners LLC Has $3.38 Million Stock Position in Lockheed Martin Corporation $LMT

Principle Wealth Partners LLC grew its position in Lockheed Martin Corporation (NYSE:LMT) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,288 shares of the aerospace company’s stock after buying an additional 79 shares during the quarter. Principle Wealth Partners LLC’s holdings in Lockheed Martin were worth $3,375,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Entropy Technologies LP boosted its holdings in shares of Lockheed Martin by 410.2% in the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock worth $7,874,000 after buying an additional 14,171 shares during the period. PTM Wealth Management LLC acquired a new position in shares of Lockheed Martin in the first quarter worth about $377,000. Empowered Funds LLC boosted its holdings in shares of Lockheed Martin by 21.2% in the first quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock worth $18,038,000 after buying an additional 7,052 shares during the period. Financial Gravity Asset Management Inc. acquired a new position in shares of Lockheed Martin in the first quarter worth about $413,000. Finally, Founders Capital Management boosted its holdings in shares of Lockheed Martin by 46.9% in the second quarter. Founders Capital Management now owns 14,568 shares of the aerospace company’s stock worth $6,747,000 after buying an additional 4,648 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

NYSE LMT opened at $486.76 on Thursday. 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 stock has a market capitalization of $113.64 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 2.14 and a beta of 0.28. The company has a 50 day moving average price of $475.56 and a two-hundred day moving average price of $465.67. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $582.18.

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

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders 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 boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. Lockheed Martin’s dividend payout ratio is presently 74.32%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LMT shares. Cowen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Morgan Stanley raised their price target on shares of Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft set a $519.00 price target on shares of Lockheed Martin and gave the stock a “hold” rating in a report on Wednesday, October 8th. Robert W. Baird raised their price target on shares of Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Finally, Wall Street Zen cut shares of 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 issued a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $513.47.

Lockheed Martin Company 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.