Wealth Management Associates Inc. Buys 33 Shares of Lockheed Martin Corporation $LMT

Wealth Management Associates Inc. lifted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 5.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 663 shares of the aerospace company’s stock after acquiring an additional 33 shares during the period. Wealth Management Associates Inc.’s holdings in Lockheed Martin were worth $307,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LMT. Charles Schwab Investment Management Inc. lifted its position in shares of Lockheed Martin by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock worth $3,587,444,000 after purchasing an additional 560,457 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Lockheed Martin by 1.4% during the 1st quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock worth $1,021,846,000 after purchasing an additional 31,443 shares during the last quarter. Invesco Ltd. lifted its position in shares of Lockheed Martin by 0.6% during the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company’s stock worth $958,116,000 after purchasing an additional 12,899 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Lockheed Martin by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company’s stock worth $580,317,000 after purchasing an additional 24,512 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Lockheed Martin by 4.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company’s stock worth $518,937,000 after purchasing an additional 51,522 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Insider Activity

In other news, COO John Frank A. St sold 7,792 shares of the stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the transaction, the chief operating officer directly owned 1 shares of the company’s stock, valued at approximately $491.04. This represents a 99.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

Lockheed Martin Trading Down 0.2%

Lockheed Martin stock opened at $486.05 on Wednesday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $576.43. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The business has a 50 day moving average price of $479.34 and a two-hundred day moving average price of $466.88. The stock has a market cap of $112.47 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 1.70 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (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 business had revenue of $18.61 billion during the quarter, compared to analysts’ expectations of $18.45 billion. During the same period in the prior year, the firm posted $6.84 EPS. Lockheed Martin’s quarterly revenue was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is currently 73.70%.

Analyst Ratings Changes

Several research firms recently weighed in on LMT. Robert W. Baird boosted their price objective on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. UBS Group cut their price objective on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a research report on Wednesday, October 22nd. Sanford C. Bernstein boosted their price objective on Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a research report on Monday, October 20th. Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Finally, Morgan Stanley upped their price target on Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. 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 MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and a consensus price target of $513.47.

About Lockheed Martin

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.