Magnetar Financial LLC Invests $5.62 Million in Lockheed Martin Corporation $LMT

Key Points

• Magnetar Financial LLC acquired 12,589 shares of Lockheed Martin, valued at approximately $5.6 million, marking a significant investment during the first quarter.
• Multiple analysts have downgraded Lockheed Martin's stock ratings and adjusted price targets, with consensus indicating a "Hold" rating and a target price of $506.35.
• Lockheed Martin announced a quarterly dividend of $3.30 per share, reflecting a 2.9% yield and a dividend payout ratio of 74.32%.

Magnetar Financial LLC bought a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,589 shares of the aerospace company's stock, valued at approximately $5,624,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. OMNI 360 Wealth Inc. boosted its position in shares of Lockheed Martin by 2.5% in the first quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock worth $408,000 after buying an additional 22 shares during the period. 49 Wealth Management LLC boosted its position in shares of Lockheed Martin by 3.4% in the first quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock worth $295,000 after buying an additional 22 shares during the period. Tyler Stone Wealth Management boosted its position in shares of Lockheed Martin by 3.3% in the first quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock worth $306,000 after buying an additional 22 shares during the period. Tealwood Asset Management Inc. boosted its position in shares of Lockheed Martin by 0.4% in the first quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock worth $2,559,000 after buying an additional 23 shares during the period. Finally, Southland Equity Partners LLC boosted its position in shares of Lockheed Martin by 3.1% in the first quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock worth $342,000 after buying an additional 23 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Stock Down 0.8%

NYSE LMT traded down $3.74 during trading on Wednesday, hitting $448.76. 1,157,867 shares of the company traded hands, compared to its average volume of 1,659,732. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The business has a fifty day simple moving average of $446.49 and a 200 day simple moving average of $456.95. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The company has a market capitalization of $104.77 billion, a P/E ratio of 25.27, a PEG ratio of 1.60 and a beta of 0.26.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same period last year, the company earned $7.11 earnings per share. The business's revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is 74.32%.

Analysts Set New Price Targets

Several analysts have recently commented on LMT shares. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the stock a "market perform" rating in a research report on Monday, July 14th. Bank of America lowered their target price on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research note on Thursday, August 21st. Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. TD Cowen restated a "hold" rating and issued a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Finally, Truist Financial downgraded Lockheed Martin from a "buy" rating to a "hold" rating and lowered their target price for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $494.00.

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.