Lockheed Martin Corporation $LMT Shares Acquired by Inman Jager Wealth Management LLC

Inman Jager Wealth Management LLC grew its stake in Lockheed Martin Corporation (NYSE:LMT) by 3.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,674 shares of the aerospace company’s stock after acquiring an additional 133 shares during the quarter. Lockheed Martin comprises approximately 1.2% of Inman Jager Wealth Management LLC’s investment portfolio, making the stock its 26th biggest position. Inman Jager Wealth Management LLC’s holdings in Lockheed Martin were worth $1,702,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. TruNorth Capital Management LLC acquired a new stake in shares of Lockheed Martin in the 1st quarter worth $31,000. GFG Capital LLC acquired a new stake in shares of Lockheed Martin in the 2nd quarter worth $43,000. Bernard Wealth Management Corp. increased its stake in shares of Lockheed Martin by 251.9% in the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 68 shares during the last quarter. EQ Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin in the 1st quarter worth $43,000. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new position in shares of Lockheed Martin during the 1st quarter worth $45,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $505.11 on Friday. The business has a 50-day moving average of $464.89 and a 200 day moving average of $462.95. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The stock has a market capitalization of $117.92 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 1.78 and a beta of 0.28. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 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 company had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. During the same period last year, the business posted $7.11 EPS. Lockheed Martin’s revenue for the quarter was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is 74.32%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Cowen cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Vertical Research reiterated a “hold” rating and set a $460.00 price target on shares of Lockheed Martin in a report on Tuesday, July 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Bank of America lowered their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $503.13.

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.