Nvest Financial LLC Has $1.49 Million Position in Lockheed Martin Corporation $LMT

by · The Cerbat Gem

Nvest Financial LLC reduced its stake in Lockheed Martin Corporation (NYSE:LMT – Free Report) by 11.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,223 shares of the aerospace company’s stock after selling 398 shares during the period. Nvest Financial LLC’s holdings in Lockheed Martin were worth $1,493,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. TruNorth Capital Management LLC acquired a new position in shares of Lockheed Martin in the first quarter valued at about $31,000. Frazier Financial Advisors LLC acquired a new position in shares of Lockheed Martin in the second quarter valued at about $34,000. GFG Capital LLC acquired a new position in shares of Lockheed Martin in the second quarter valued at about $43,000. Bernard Wealth Management Corp. grew its stake in shares of Lockheed Martin by 251.9% in the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 68 shares in the last quarter. Finally, EQ Wealth Advisors LLC acquired a new position in shares of Lockheed Martin in the first quarter valued at about $43,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on LMT. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the company a “market perform” rating in a research note on Monday, July 14th. Bank of America decreased their price target on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research note on Thursday, August 21st. Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Royal Bank Of Canada increased their price objective on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 7th. Finally, The Goldman Sachs Group increased their price objective on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. One equities research 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $510.29.

View Our Latest Analysis on Lockheed Martin

Lockheed Martin Trading Down 1.2%

Shares of Lockheed Martin stock opened at $499.17 on Thursday. The company has a market capitalization of $116.54 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 1.78 and a beta of 0.28. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The firm’s 50-day moving average price is $469.31 and its two-hundred day moving average price is $464.06.

Lockheed Martin (NYSE:LMT – Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. The firm had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s dividend payout ratio (DPR) is currently 77.70%.

Lockheed Martin Profile

(Free Report)

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.

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