Davis Investment Partners LLC Acquires 23 Shares of Lockheed Martin Corporation $LMT

Davis Investment Partners LLC lifted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,168 shares of the aerospace company’s stock after acquiring an additional 23 shares during the quarter. Davis Investment Partners LLC’s holdings in Lockheed Martin were worth $544,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. TruNorth Capital Management LLC bought a new stake in shares of Lockheed Martin during the 1st quarter worth $31,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin during the fourth quarter worth about $35,000. EQ Wealth Advisors LLC bought a new stake in Lockheed Martin in the first quarter worth about $43,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in Lockheed Martin in the first quarter worth about $45,000. Finally, McIlrath & Eck LLC boosted its stake in Lockheed Martin by 161.0% in the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock valued at $48,000 after acquiring an additional 66 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $471.10 on Monday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The stock has a market cap of $109.98 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 1.66 and a beta of 0.26. The stock has a fifty day moving average of $446.39 and a 200-day moving average of $458.41.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The business had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. During the same quarter in the prior year, the firm posted $7.11 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin’s dividend payout ratio (DPR) is 74.32%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LMT. Vertical Research restated a “hold” rating and set a $460.00 price target on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Robert W. Baird decreased their target price on Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating for the company in a research report on Wednesday, July 23rd. UBS Group lowered their target price on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. Bank of America cut their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Finally, Royal Bank Of Canada decreased their price objective on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating for the company in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $494.00.

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.