GHP Investment Advisors Inc. Acquires 1,382 Shares of Lockheed Martin Corporation $LMT

GHP Investment Advisors Inc. boosted its holdings in Lockheed Martin Corporation (NYSE:LMT) by 24.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,096 shares of the aerospace company’s stock after buying an additional 1,382 shares during the period. GHP Investment Advisors Inc.’s holdings in Lockheed Martin were worth $3,287,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in LMT. Charles Schwab Investment Management Inc. increased its position in Lockheed Martin by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock worth $3,587,444,000 after buying an additional 560,457 shares during the period. Nuveen LLC bought a new stake in shares of Lockheed Martin during the first quarter valued at approximately $221,790,000. AQR Capital Management LLC increased its position in shares of Lockheed Martin by 76.7% during the first quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company’s stock valued at $361,045,000 after purchasing an additional 350,796 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of Lockheed Martin by 17,506.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company’s stock valued at $135,985,000 after purchasing an additional 302,684 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of Lockheed Martin by 59.3% during the first quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company’s stock valued at $333,859,000 after purchasing an additional 278,121 shares during the period. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $492.04 on Monday. The business’s fifty day moving average price is $481.90 and its two-hundred day moving average price is $467.14. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $576.43. The stock has a market capitalization of $113.86 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 1.69 and a beta of 0.28. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The firm had revenue of $18.61 billion for the quarter, compared to analysts’ expectations of $18.45 billion. During the same period in the prior year, the business posted $6.84 earnings per share. The business’s revenue 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. As a group, analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a $3.45 dividend. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s payout ratio is presently 77.05%.

Analyst Ratings Changes

A number of analysts have recently issued reports on LMT shares. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the company a “hold” rating in a research report on Wednesday, October 8th. UBS Group lowered their price objective on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 22nd. TD Cowen restated a “hold” rating and set a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Truist Financial boosted their price objective on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Finally, Susquehanna boosted their price objective on Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Lockheed Martin presently has an average rating of “Hold” and an average target price of $513.47.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the transaction, the chief operating officer owned 1 shares of the company’s stock, valued at approximately $491.04. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

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.