Family Legacy Financial Solutions LLC Takes $486,000 Position in Lockheed Martin Corporation $LMT

Family Legacy Financial Solutions LLC acquired a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,049 shares of the aerospace company’s stock, valued at approximately $486,000.

Several other institutional investors have also recently modified their holdings of the stock. OMNI 360 Wealth Inc. raised its position in shares of Lockheed Martin by 2.5% during the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company’s stock worth $408,000 after purchasing an additional 22 shares during the last quarter. 49 Wealth Management LLC raised its position 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 worth $295,000 after purchasing an additional 22 shares during the last quarter. Tyler Stone Wealth Management raised its position in shares of Lockheed Martin by 3.3% during the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock worth $306,000 after purchasing an additional 22 shares during the last quarter. Tealwood Asset Management Inc. raised its position in shares of Lockheed Martin by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company’s stock worth $2,559,000 after purchasing an additional 23 shares during the last quarter. Finally, Southland Equity Partners LLC raised its position in shares of Lockheed Martin by 3.1% during the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company’s stock worth $342,000 after purchasing an additional 23 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 0.2%

Shares of Lockheed Martin stock opened at $473.29 on Thursday. The company has a fifty day moving average price of $446.89 and a 200 day moving average price of $458.78. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The stock has a market cap of $110.49 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 1.67 and a beta of 0.26.

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

Lockheed Martin Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Robert W. Baird lowered their target price on shares of Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Bank of America lowered their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Truist Financial cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their target price for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the stock a “market perform” rating in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. lowered their target price 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.