47,188 Shares in Lockheed Martin Corporation $LMT Bought by Strs Ohio

Key Points

• Strs Ohio acquired 47,188 shares of Lockheed Martin Corporation valued at approximately $21 million during the first quarter, increasing the percentage of institutional ownership to 74.19%.
• The stock recently opened at $471.10 and has seen a 12-month high of $618.95 and a low of $410.11, while analysts forecast an average price target of $494.00.
• Lockheed Martin announced a quarterly dividend of $3.30 per share, yielding approximately 2.8%, to be paid on September 26th.

Strs Ohio purchased a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 47,188 shares of the aerospace company's stock, valued at approximately $21,079,000.

Other large investors also recently bought and sold shares of the company. TruNorth Capital Management LLC bought a new stake in Lockheed Martin in the first quarter worth $31,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin in the fourth quarter worth $35,000. EQ Wealth Advisors LLC bought a new stake in Lockheed Martin in the first quarter worth $43,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in Lockheed Martin in the first quarter worth $45,000. Finally, McIlrath & Eck LLC increased its position in Lockheed Martin by 161.0% in the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock worth $48,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Royal Bank Of Canada dropped their price objective on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Robert W. Baird dropped their price objective on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Cowen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Finally, Sanford C. Bernstein set a $551.00 price objective on shares of Lockheed Martin and gave the stock a "market perform" rating in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $494.00.

Lockheed Martin Stock Up 0.1%

Shares of LMT opened at $471.10 on Friday. The firm has a market capitalization of $109.98 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.66 and a beta of 0.26. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. 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 firm has a fifty day moving average price of $446.39 and a 200-day moving average price of $458.21.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. The firm had revenue of $18.16 billion during 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 business's revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's payout ratio is currently 74.32%.

About Lockheed Martin

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.