Amundi Grows Stock Holdings in Lockheed Martin Corporation $LMT

Amundi boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 13.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,094 shares of the aerospace company's stock after purchasing an additional 2,962 shares during the quarter. Amundi's holdings in Lockheed Martin were worth $11,412,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its stake in Lockheed Martin by 7.5% during the first 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 purchasing an additional 560,457 shares in the last quarter. Royal Bank of Canada increased its position in Lockheed Martin by 1.4% during the first quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company's stock valued at $1,021,846,000 after acquiring an additional 31,443 shares during the last quarter. Invesco Ltd. increased its position in Lockheed Martin by 0.6% during the first quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock valued at $958,116,000 after acquiring an additional 12,899 shares during the last quarter. GAMMA Investing LLC increased its position in Lockheed Martin by 41,104.9% during the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after acquiring an additional 1,986,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Lockheed Martin by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company's stock valued at $580,317,000 after acquiring an additional 24,512 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on LMT shares. Wall Street Zen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Truist Financial downgraded Lockheed Martin from a "buy" rating to a "hold" rating and reduced their price target for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. Robert W. Baird reduced their price target on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Susquehanna reduced their price target on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. Finally, Bank of America reduced their price target on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of "Hold" and a consensus price target of $494.00.

Lockheed Martin Stock Down 0.4%

Shares of LMT opened at $457.18 on Wednesday. The firm has a market capitalization of $106.73 billion, a P/E ratio of 25.74, 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. 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 $446.08 and a 200-day moving average price of $457.80.

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 company also recently declared 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. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.9%. Lockheed Martin's dividend payout ratio (DPR) is currently 74.32%.

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.

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