Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Raises Position in Lockheed Martin Corporation $LMT

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,539 shares of the aerospace company’s stock after acquiring an additional 25 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Lockheed Martin were worth $1,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. OMNI 360 Wealth Inc. increased its position in Lockheed Martin by 2.5% in the first quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company’s stock worth $408,000 after buying an additional 22 shares in the last quarter. 49 Wealth Management LLC grew its stake in shares of Lockheed Martin by 3.4% during the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company’s stock valued at $295,000 after acquiring an additional 22 shares during the period. Tyler Stone Wealth Management increased its holdings in Lockheed Martin by 3.3% in the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock worth $306,000 after acquiring an additional 22 shares in the last quarter. Investment Advisory Services Inc. TX ADV raised its stake in Lockheed Martin by 4.7% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock worth $225,000 after acquiring an additional 22 shares during the period. Finally, Broadway Wealth Solutions Inc. lifted its holdings in Lockheed Martin by 4.5% during the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock valued at $237,000 after purchasing an additional 22 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LMT. JPMorgan Chase & Co. reduced their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Wall Street Zen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Truist Financial boosted their price objective on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. TD Cowen reaffirmed a “hold” rating and issued a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Finally, UBS Group decreased their target price on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a research note on Wednesday. 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 given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $513.47.

Lockheed Martin Trading Up 0.2%

Shares of Lockheed Martin stock opened at $487.95 on Friday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $576.43. The company has a quick ratio of 0.83, 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 $476.56 and a 200-day moving average price of $466.07. The firm has a market cap of $112.91 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 2.13 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. The company had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The firm’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company earned $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS 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. Investors 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%. 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. Lockheed Martin’s payout ratio is 74.32%.

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.