Ransom Advisory Ltd Takes $1.38 Million Position in Lockheed Martin Corporation $LMT

Key Points

• Ransom Advisory Ltd has purchased 3,088 shares of Lockheed Martin, valued at approximately $1,379,000, marking a significant new stake in the aerospace company.
• Lockheed Martin reported a quarterly EPS of $7.29, exceeding consensus estimates, while the firm's revenue totaled $18.16 billion, slightly below projections.
• The company announced a quarterly dividend of $3.30 per share, which results in an annualized dividend yield of 2.9% and a payout ratio of 74.32%.

Ransom Advisory Ltd acquired a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,088 shares of the aerospace company's stock, valued at approximately $1,379,000.

Other institutional investors have also added to or reduced their stakes in the company. TruNorth Capital Management LLC bought a new stake in Lockheed Martin in the 1st quarter worth about $31,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin in the 4th quarter worth about $35,000. EQ Wealth Advisors LLC bought a new stake in Lockheed Martin in the 1st quarter worth about $43,000. Ritter Daniher Financial Advisory LLC DE bought a new position in shares of Lockheed Martin during the 1st quarter valued at approximately $45,000. Finally, McIlrath & Eck LLC grew its position in shares of Lockheed Martin by 161.0% during the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock valued at $48,000 after acquiring an additional 66 shares during the period. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Alembic Global Advisors upgraded shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday, August 28th. TD Cowen reiterated a "hold" rating and issued a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Bank of America lowered their target price 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. Cowen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Finally, Sanford C. Bernstein set a $551.00 price objective on shares of Lockheed Martin and gave the company a "market perform" rating in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $494.00.

Lockheed Martin Trading Up 0.1%

Shares of LMT stock traded up $0.37 on Friday, hitting $471.10. 1,040,999 shares of the company's stock traded hands, compared to its average volume of 1,324,107. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The company's fifty day simple moving average is $446.39 and its 200 day simple moving average is $458.21. The stock has a market capitalization of $109.98 billion, a price-to-earnings ratio of 26.53, a P/E/G ratio of 1.66 and a beta of 0.26.

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

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is 74.32%.

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.