MJP Associates Inc. ADV Has $289,000 Stake in Lockheed Martin Corporation $LMT

MJP Associates Inc. ADV grew its position in Lockheed Martin Corporation (NYSE:LMT) by 23.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 624 shares of the aerospace company’s stock after buying an additional 119 shares during the quarter. MJP Associates Inc. ADV’s holdings in Lockheed Martin were worth $289,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at $28,000. Frazier Financial Advisors LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter worth $34,000. GFG Capital LLC acquired a new stake in Lockheed Martin in the second quarter valued at about $43,000. Bernard Wealth Management Corp. raised its stake 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 acquiring an additional 68 shares in the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of Lockheed Martin in the 1st quarter valued at approximately $45,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Up 2.3%

Shares of Lockheed Martin stock opened at $466.27 on Friday. The firm has a market cap of $107.89 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.69 and a beta of 0.25. The stock’s 50-day moving average is $484.22 and its 200 day moving average is $467.04. 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 Corporation has a one year low of $410.11 and a one year high of $546.00.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping the consensus estimate of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. During the same quarter last year, the firm posted $6.84 EPS. The company’s quarterly revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be given a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is presently 77.05%.

Insiders Place Their Bets

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $491.04. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on LMT shares. Vertical Research restated a “hold” rating and issued a $460.00 target price on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the company a “hold” rating in a research note on Wednesday, October 8th. Truist Financial boosted their target price on shares of Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Royal Bank Of Canada raised 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. Finally, UBS Group reduced their price objective on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 22nd. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $513.47.

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.