Lockheed Martin Corporation $LMT Shares Purchased by RMR Wealth Builders

RMR Wealth Builders boosted its stake in Lockheed Martin Corporation (NYSE:LMT) by 17.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,389 shares of the aerospace company’s stock after acquiring an additional 646 shares during the period. RMR Wealth Builders’ holdings in Lockheed Martin were worth $2,033,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new position in Lockheed Martin in the 1st quarter valued at about $31,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter worth approximately $35,000. EQ Wealth Advisors LLC acquired a new position in Lockheed Martin during the 1st quarter worth approximately $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in Lockheed Martin during the 1st quarter worth approximately $45,000. Finally, McIlrath & Eck LLC increased its position in Lockheed Martin by 161.0% during the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock worth $48,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT stock opened at $471.10 on Monday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The stock’s 50 day moving average price is $446.39 and its 200 day moving average price is $458.41. The firm has a market cap of $109.98 billion, a P/E ratio of 26.53, a PEG ratio of 1.66 and a beta of 0.26.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same quarter in the prior year, the company earned $7.11 EPS. Lockheed Martin’s revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, sell-side analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.8%. Lockheed Martin’s dividend payout ratio is presently 74.32%.

Analyst Ratings Changes

Several equities analysts have issued reports on LMT shares. Alembic Global Advisors upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Cowen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Thursday, July 10th. Royal Bank Of Canada dropped their target price on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 23rd. Susquehanna lowered their price target on Lockheed Martin from $550.00 to $490.00 and set a “positive” rating on the stock in a report on Wednesday, July 23rd. Finally, Vertical Research restated a “hold” rating and issued a $460.00 price target on shares of Lockheed Martin in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $494.00.

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.