Lockheed Martin Corporation $LMT Stock Holdings Lifted by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its position in Lockheed Martin Corporation (NYSE:LMT) by 1.7% during the second quarter, HoldingsChannel.com reports. The firm owned 11,423 shares of the aerospace company’s stock after buying an additional 188 shares during the quarter. Apollon Wealth Management LLC’s holdings in Lockheed Martin were worth $5,290,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. TruNorth Capital Management LLC bought a new stake in Lockheed Martin during the first quarter worth approximately $31,000. GFG Capital LLC bought a new stake in Lockheed Martin during the second quarter worth approximately $43,000. Bernard Wealth Management Corp. boosted its position in Lockheed Martin by 251.9% during the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 68 shares during the period. EQ Wealth Advisors LLC bought a new stake in Lockheed Martin during the first quarter worth approximately $43,000. Finally, Ritter Daniher Financial Advisory LLC DE bought a new stake in Lockheed Martin during the first quarter worth approximately $45,000. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Truist Financial cut Lockheed Martin from a “buy” rating to a “hold” rating and decreased their target price for the stock from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Alembic Global Advisors raised 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. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday. Finally, Robert W. Baird boosted their price objective on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and a consensus target price of $503.13.

Lockheed Martin Trading Down 0.5%

Lockheed Martin stock opened at $505.11 on Friday. The business has a 50 day moving average price of $464.89 and a two-hundred day moving average price of $462.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The stock has a market cap 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. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS 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. The ex-dividend date is Monday, December 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is currently 74.32%.

Lockheed Martin 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.