Acadian Asset Management LLC Sells 15,616 Shares of Lockheed Martin Corporation $LMT

Key Points

• Acadian Asset Management LLC reduced its stake in Lockheed Martin by 37.1% in the first quarter, selling 15,616 shares and bringing its total holdings to 26,445 shares valued at approximately $11.8 million.
• Analysts have recently updated their price targets for Lockheed Martin, with the average consensus target price now at $494.00 and a majority of ratings leaning towards "Hold."
• Lockheed Martin is set to pay a quarterly dividend of $3.30 per share on September 26th, representing an annualized yield of 2.8% with a **dividend payout ratio** of **74.32%**.

Acadian Asset Management LLC decreased its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 37.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,445 shares of the aerospace company's stock after selling 15,616 shares during the period. Acadian Asset Management LLC's holdings in Lockheed Martin were worth $11,808,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in Lockheed Martin by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock worth $3,587,444,000 after purchasing an additional 560,457 shares during the last quarter. Royal Bank of Canada lifted its stake in Lockheed Martin by 1.4% in the first quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company's stock worth $1,021,846,000 after purchasing an additional 31,443 shares during the last quarter. Invesco Ltd. lifted its stake in Lockheed Martin by 0.6% in the first quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock worth $958,116,000 after purchasing an additional 12,899 shares during the last quarter. GAMMA Investing LLC lifted its stake in Lockheed Martin by 41,104.9% in the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after purchasing an additional 1,986,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Lockheed Martin by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company's stock worth $580,317,000 after purchasing an additional 24,512 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. 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. Bank of America decreased their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a research note on Thursday, August 21st. Susquehanna reduced their target price on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a research report on Wednesday, July 23rd. Truist Financial lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and reduced their target price for the stock from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Finally, UBS Group reduced their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. One 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $494.00.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $470.29 on Friday. The firm has a market cap of $109.79 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 1.63 and a beta of 0.26. The firm's 50 day simple moving average is $446.23 and its 200-day simple moving average is $458.06. 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.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (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%. Lockheed Martin's revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors 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 2.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 74.32%.

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.

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