Lockheed Martin Corporation $LMT Stake Boosted by Allied Investment Advisors LLC

Allied Investment Advisors LLC boosted its stake in Lockheed Martin Corporation (NYSE:LMT) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,160 shares of the aerospace company’s stock after buying an additional 616 shares during the period. Allied Investment Advisors LLC’s holdings in Lockheed Martin were worth $9,800,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in LMT. 49 Wealth Management LLC boosted its position in shares of Lockheed Martin by 3.4% during the first quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company’s stock worth $295,000 after buying an additional 22 shares during the period. OMNI 360 Wealth Inc. boosted its position in Lockheed Martin by 2.5% during the first quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company’s stock valued at $408,000 after purchasing an additional 22 shares during the last quarter. Tyler Stone Wealth Management boosted its position in Lockheed Martin by 3.3% during the first quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock valued at $306,000 after purchasing an additional 22 shares during the last quarter. Investment Advisory Services Inc. TX ADV raised its stake in Lockheed Martin by 4.7% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock valued at $225,000 after buying an additional 22 shares during the period. Finally, Broadway Wealth Solutions Inc. raised its stake in Lockheed Martin by 4.5% in the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock valued at $237,000 after buying an additional 22 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $485.59 on Friday. The stock’s fifty day moving average price is $477.51 and its two-hundred day moving average price is $466.37. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $576.43. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.83. The firm has a market cap of $112.37 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 1.61 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The firm had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same quarter last year, the company earned $6.84 EPS. The company’s revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, research analysts expect that Lockheed Martin Corporation will post 27.15 EPS 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. Shareholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. 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 dividend on an annualized basis and a yield of 2.8%. Lockheed Martin’s dividend payout ratio is 77.05%.

Wall Street Analysts Forecast Growth

LMT has been the topic of several research analyst reports. Alembic Global Advisors upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Morgan Stanley upped their price objective on Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. JPMorgan Chase & Co. dropped their price objective 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. Cowen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Finally, TD Cowen reiterated a “hold” rating and set a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, Lockheed Martin has an average rating of “Hold” and an average target price of $513.47.

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.