Aberdeen Group plc Grows Stock Position in Lockheed Martin Corporation $LMT

Key Points

• Aberdeen Group plc increased its ownership in Lockheed Martin by 10.5% to a total of 20,658 shares, worth approximately $9.2 million as of its latest SEC filing.
• Lockheed Martin reported quarterly earnings of $7.29 EPS, surpassing analysts' expectations by $0.72, with a total revenue of $18.16 billion.
• The company declared a quarterly dividend of $3.30 per share with a 3.0% yield, set to be paid on September 26.

Aberdeen Group plc grew its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 10.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,658 shares of the aerospace company's stock after purchasing an additional 1,967 shares during the period. Aberdeen Group plc's holdings in Lockheed Martin were worth $9,232,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. OMNI 360 Wealth Inc. grew its stake in Lockheed Martin by 2.5% in the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock valued at $408,000 after acquiring an additional 22 shares during the period. 49 Wealth Management LLC raised its holdings in shares of Lockheed Martin by 3.4% during the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock worth $295,000 after acquiring an additional 22 shares during the period. Tealwood Asset Management Inc. raised its holdings in Lockheed Martin by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after buying an additional 23 shares during the period. Southland Equity Partners LLC raised its holdings in Lockheed Martin by 3.1% in the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock valued at $342,000 after buying an additional 23 shares during the period. Finally, Nvest Financial LLC raised its holdings in Lockheed Martin by 0.6% in the 1st quarter. Nvest Financial LLC now owns 3,621 shares of the aerospace company's stock valued at $1,617,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

Lockheed Martin stock traded down $1.4680 during trading hours on Friday, hitting $445.7320. The stock had a trading volume of 1,889,568 shares, compared to its average volume of 1,705,822. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The stock has a market capitalization of $104.06 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 1.57 and a beta of 0.27. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The stock's fifty day moving average is $448.65 and its two-hundred day moving average is $456.29.

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

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.0%. Lockheed Martin's dividend payout ratio (DPR) is presently 74.32%.

Analysts Set New Price Targets

LMT has been the subject of several research reports. Robert W. Baird dropped their target price on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Susquehanna lowered their price target on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a report on Wednesday, July 23rd. UBS Group reduced their price objective on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Finally, Truist Financial cut Lockheed Martin from a "buy" rating to a "hold" rating and reduced their price objective for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $506.35.

Lockheed Martin 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.