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

Key Points

• Aberdeen Group plc increased its holdings in Lockheed Martin Corporation by 6.6%, owning 22,028 shares valued at approximately $10.2 million as of the latest reporting period.
• Lockheed Martin reported earnings per share (EPS) of $7.29, surpassing estimates, and projected FY 2025 EPS guidance at 21.700-22.000.
• The company announced a dividend increase to $3.45 per share, with an annual yield of 2.8%, payable on December 30th.

Aberdeen Group plc lifted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 6.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,028 shares of the aerospace company's stock after acquiring an additional 1,370 shares during the period. Aberdeen Group plc's holdings in Lockheed Martin were worth $10,202,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LMT. Charles Schwab Investment Management Inc. grew its position in Lockheed Martin by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock valued at $3,587,444,000 after buying an additional 560,457 shares during the last quarter. Nuveen LLC purchased a new position in Lockheed Martin in the 1st quarter valued at $221,790,000. AQR Capital Management LLC grew its position in Lockheed Martin by 76.7% in the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock valued at $361,045,000 after buying an additional 350,796 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in Lockheed Martin by 17,506.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company's stock valued at $135,985,000 after buying an additional 302,684 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Lockheed Martin by 59.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company's stock valued at $333,859,000 after buying an additional 278,121 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $499.17 on Thursday. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The business has a fifty day moving average of $469.31 and a two-hundred day moving average of $464.06. The company has a market cap of $116.54 billion, a P/E ratio of 28.11, a price-to-earnings-growth ratio of 1.78 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.57 by $0.72. The business had revenue of $18.16 billion during the quarter, compared to the consensus estimate 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 was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.11 EPS. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be issued a dividend of $3.45 per share. This is an increase from Lockheed Martin's previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. This represents a $13.80 annualized dividend and a yield of 2.8%. Lockheed Martin's payout ratio is 77.70%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LMT shares. TD Cowen reiterated a "hold" rating and issued a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on shares of Lockheed Martin and gave the company a "hold" rating in a research report on Wednesday, October 8th. The Goldman Sachs Group lifted their price objective on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a "sell" rating in a research report on Friday, October 10th. Wall Street Zen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Lockheed Martin in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $510.29.

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.

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