Lockheed Martin Corporation $LMT Shares Bought by Alta Capital Management LLC

Alta Capital Management LLC boosted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 6.5% in the second quarter, HoldingsChannel.com reports. The fund owned 8,567 shares of the aerospace company’s stock after purchasing an additional 521 shares during the period. Alta Capital Management LLC’s holdings in Lockheed Martin were worth $3,968,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in LMT. Brighton Jones LLC grew its holdings in shares of Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after purchasing an additional 191 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Lockheed Martin by 15.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 228,483 shares of the aerospace company’s stock valued at $102,067,000 after purchasing an additional 30,890 shares during the period. Grove Bank & Trust grew its holdings in shares of Lockheed Martin by 14.8% in the first quarter. Grove Bank & Trust now owns 855 shares of the aerospace company’s stock valued at $382,000 after purchasing an additional 110 shares during the period. Inscription Capital LLC purchased a new stake in shares of Lockheed Martin in the first quarter valued at about $378,000. Finally, Chicago Capital LLC grew its holdings in shares of Lockheed Martin by 30.3% in the first quarter. Chicago Capital LLC now owns 2,174 shares of the aerospace company’s stock valued at $971,000 after purchasing an additional 505 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on LMT shares. Royal Bank Of Canada upped their price objective on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a report on Tuesday, October 7th. The Goldman Sachs Group increased their target price on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Susquehanna increased their target price on shares of Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research note on Thursday, October 9th. Vertical Research reaffirmed a “hold” rating and set a $460.00 target price on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft set a $519.00 target price on shares of Lockheed Martin and gave the stock a “hold” rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $510.29.

Lockheed Martin Stock Down 1.2%

Shares of NYSE:LMT opened at $499.17 on Thursday. The firm’s 50 day moving average price is $469.31 and its 200 day moving average price is $464.06. The stock has a market cap of $116.54 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 1.78 and a beta of 0.28. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.8%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s dividend payout ratio is 77.70%.

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.