Beacon Pointe Advisors LLC Has $23.74 Million Stock Position in Lockheed Martin Corporation $LMT

Beacon Pointe Advisors LLC boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,254 shares of the aerospace company’s stock after buying an additional 2,337 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Lockheed Martin were worth $23,738,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Tyler Stone Wealth Management raised its stake in Lockheed Martin by 3.3% in the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock valued at $306,000 after acquiring an additional 22 shares during the period. Investment Advisory Services Inc. TX ADV increased its holdings in shares of Lockheed Martin by 4.7% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock valued at $225,000 after purchasing an additional 22 shares during the last quarter. Broadway Wealth Solutions Inc. raised its position in shares of Lockheed Martin by 4.5% in the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock valued at $237,000 after purchasing an additional 22 shares during the period. Davis Investment Partners LLC lifted its stake in shares of Lockheed Martin by 2.0% during the 2nd quarter. Davis Investment Partners LLC now owns 1,168 shares of the aerospace company’s stock worth $544,000 after buying an additional 23 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its holdings in shares of Lockheed Martin by 1.1% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 2,125 shares of the aerospace company’s stock worth $984,000 after buying an additional 23 shares during the period. Institutional investors own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the sale, the chief operating officer owned 1 shares of the company’s stock, 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 SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.

Lockheed Martin Trading Down 4.2%

Shares of LMT stock opened at $438.79 on Tuesday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $526.78. 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 $101.54 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 1.69 and a beta of 0.25. The stock has a 50-day moving average of $481.93 and a 200-day moving average of $466.26.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating the consensus estimate of $6.33 by $0.62. The business had revenue of $18.61 billion for the quarter, compared to analysts’ expectations of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The firm’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share 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 paid a dividend of $3.45 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s payout ratio is 77.05%.

Analysts Set New Price Targets

LMT has been the subject of several research reports. Bank of America cut their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. Robert W. Baird upped their price objective on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Deutsche Bank Aktiengesellschaft set a $519.00 target price on Lockheed Martin and gave the stock a “hold” rating in a report on Wednesday, October 8th. Finally, Susquehanna boosted their target price on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $515.50.

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.