Elevatus Welath Management Invests $5.01 Million in Lockheed Martin Corporation $LMT

Elevatus Welath Management bought a new stake in Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,817 shares of the aerospace company’s stock, valued at approximately $5,010,000. Lockheed Martin accounts for about 1.7% of Elevatus Welath Management’s investment portfolio, making the stock its 21st biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Lockheed Martin during the 2nd quarter valued at $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Lockheed Martin in the 2nd quarter worth $29,000. Frazier Financial Advisors LLC acquired a new position in Lockheed Martin in the second quarter valued at $34,000. MTM Investment Management LLC acquired a new position in Lockheed Martin in the second quarter valued at $36,000. Finally, Kilter Group LLC purchased a new stake in Lockheed Martin during the second quarter valued at about $40,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Up 1.1%

LMT opened at $480.03 on Friday. The firm’s 50 day moving average is $476.03 and its 200-day moving average is $465.68. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $516.00. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $111.08 billion, a P/E ratio of 26.80, a P/E/G ratio of 1.37 and a beta of 0.24.

Lockheed Martin (NYSE:LMT) last released 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 net margin of 5.73% and a return on equity of 111.84%. The business had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. During the same period last year, the business earned $6.84 EPS. The business’s 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. Analysts expect that Lockheed Martin Corporation will post 27.15 EPS 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. Stockholders of record on Monday, December 1st will be given a dividend of $3.45 per share. 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. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.9%. Lockheed Martin’s dividend payout ratio is presently 77.05%.

Insider Activity at Lockheed Martin

In related news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction dated 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. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LMT. Citigroup initiated coverage on Lockheed Martin in a research note on Thursday. They issued a “neutral” rating and a $505.00 price objective on the stock. BNP Paribas upgraded shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday, November 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. Truist Financial increased their price objective on shares of Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Finally, Morgan Stanley raised their target price on shares of Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $510.22.

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.