GoalVest Advisory LLC Purchases 72 Shares of Lockheed Martin Corporation $LMT

GoalVest Advisory LLC raised its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,472 shares of the aerospace company’s stock after acquiring an additional 72 shares during the period. GoalVest Advisory LLC’s holdings in Lockheed Martin were worth $1,608,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. First Command Advisory Services Inc. boosted its holdings in shares of Lockheed Martin by 88.2% during the second quarter. First Command Advisory Services Inc. now owns 5,638 shares of the aerospace company’s stock worth $2,611,000 after acquiring an additional 2,643 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Lockheed Martin by 3.4% during the second quarter. Envestnet Asset Management Inc. now owns 722,879 shares of the aerospace company’s stock worth $334,794,000 after acquiring an additional 24,013 shares during the period. Resonant Capital Advisors LLC boosted its holdings in shares of Lockheed Martin by 52.8% during the second quarter. Resonant Capital Advisors LLC now owns 796 shares of the aerospace company’s stock worth $369,000 after acquiring an additional 275 shares during the period. Wealthfront Advisers LLC boosted its holdings in shares of Lockheed Martin by 0.9% during the second quarter. Wealthfront Advisers LLC now owns 24,850 shares of the aerospace company’s stock worth $11,509,000 after acquiring an additional 223 shares during the period. Finally, New Hampshire Trust grew its stake in shares of Lockheed Martin by 2.6% in the second quarter. New Hampshire Trust now owns 3,469 shares of the aerospace company’s stock valued at $1,607,000 after acquiring an additional 88 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.5%

Shares of LMT stock opened at $485.59 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. The stock has a market cap of $112.37 billion, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 1.69 and a beta of 0.28. The stock has a 50 day simple moving average of $477.51 and a 200 day simple moving average of $466.57. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $576.43.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The business had revenue of $18.61 billion during the quarter, compared to analysts’ expectations of $18.45 billion. During the same period in the previous year, the company posted $6.84 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. The ex-dividend date is Monday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a yield of 2.8%. Lockheed Martin’s dividend payout ratio is currently 73.70%.

Analysts Set New Price Targets

LMT has been the topic of several research reports. Royal Bank Of Canada upped their price target on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 7th. Susquehanna upped their price target on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research note on Thursday, October 9th. Sanford C. Bernstein upped their price target on shares of Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a research note on Monday, October 20th. Cowen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Finally, The Goldman Sachs Group boosted their price target on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and an average target price of $513.47.

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.