American Trust Investment Advisors LLC Invests $2.20 Million in Lockheed Martin Corporation $LMT

Key Points

• American Trust Investment Advisors LLC recently acquired 4,925 shares of Lockheed Martin Corporation, valued at approximately $2.2 million, representing a significant institutional investment in the aerospace company.
• Lockheed Martin reported a quarterly EPS of $7.29, exceeding analysts' expectations, while its revenue of $18.16 billion was slightly below projections.
• The company declared a quarterly dividend of $3.30 per share, reflecting an annual yield of 2.9%, with the ex-dividend date set for September 2nd.

American Trust Investment Advisors LLC acquired a new stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,925 shares of the aerospace company's stock, valued at approximately $2,200,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TruNorth Capital Management LLC bought a new position in shares of Lockheed Martin during the first quarter valued at approximately $31,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $35,000. EQ Wealth Advisors LLC bought a new position in shares of Lockheed Martin during the first quarter valued at approximately $43,000. Ritter Daniher Financial Advisory LLC DE bought a new position in shares of Lockheed Martin during the first quarter valued at approximately $45,000. Finally, Dagco Inc. bought a new position in shares of Lockheed Martin during the first quarter valued at approximately $50,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Price Performance

NYSE LMT traded up $6.83 on Friday, reaching $463.68. 1,464,488 shares of the stock traded hands, compared to its average volume of 1,394,402. The firm's fifty day simple moving average is $446.34 and its 200 day simple moving average is $457.37. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The company has a market cap of $108.25 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 1.61 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.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly 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 return on equity of 107.60% and a net margin of 5.85%.The firm's quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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 paid a dividend of $3.30 per share. 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 presently 74.32%.

Wall Street Analyst Weigh In

Several research firms have recently commented on LMT. Truist Financial lowered Lockheed Martin from a "buy" rating to a "hold" rating and lowered their target price for the company from $554.00 to $440.00 in a report on Wednesday, July 23rd. Royal Bank Of Canada lowered their target price on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. Bank of America decreased their price objective on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a report on Thursday, August 21st. Alembic Global Advisors upgraded Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. Finally, Susquehanna lowered their target price on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $494.00.

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.