AQR Capital Management LLC Purchases 350,796 Shares of Lockheed Martin Corporation $LMT

Key Points

• AQR Capital Management LLC increased its stake in Lockheed Martin Corporation by 76.7%, acquiring an additional 350,796 shares, bringing its total ownership to 808,232 shares worth approximately $361 million.
• Lockheed Martin reported earnings of $7.29 EPS for the recent quarter, exceeding estimates by $0.72, while revenues reached $18.16 billion, slightly below the expected $18.59 billion.
• The company announced a quarterly dividend of $3.30 per share, set to be paid on September 26, representing an annual yield of 2.9%.

AQR Capital Management LLC lifted its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 76.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 808,232 shares of the aerospace company's stock after purchasing an additional 350,796 shares during the quarter. AQR Capital Management LLC owned about 0.34% of Lockheed Martin worth $361,045,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of LMT. Eagle Capital Management LLC raised its stake in shares of Lockheed Martin by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock worth $5,261,000 after purchasing an additional 32 shares in the last quarter. Brighton Jones LLC increased its holdings in shares of Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after acquiring an additional 191 shares during the last quarter. Ancora Advisors LLC increased its holdings in shares of Lockheed Martin by 4.5% during the 4th quarter. Ancora Advisors LLC now owns 2,144 shares of the aerospace company's stock worth $1,042,000 after acquiring an additional 93 shares during the last quarter. Baker Avenue Asset Management LP increased its holdings in shares of Lockheed Martin by 2.8% during the 4th quarter. Baker Avenue Asset Management LP now owns 1,450 shares of the aerospace company's stock worth $705,000 after acquiring an additional 39 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of Lockheed Martin by 4.5% during the 4th quarter. Brown Advisory Inc. now owns 33,661 shares of the aerospace company's stock worth $16,357,000 after acquiring an additional 1,437 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

Shares of LMT traded up $6.83 during trading hours on Friday, hitting $463.68. 1,464,488 shares of the company were exchanged, compared to its average volume of 1,394,402. 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 fifty-two week low of $410.11 and a fifty-two week high of $618.95. 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 firm's fifty day moving average is $446.34 and its 200 day moving average is $457.37.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The business had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same period in the prior year, the company earned $7.11 EPS. Lockheed Martin's revenue for the quarter was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal 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 given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is currently 74.32%.

Analysts Set New Price Targets

A number of research firms recently weighed in on LMT. Susquehanna decreased their target price on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. Vertical Research reaffirmed a "hold" rating and issued a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. Alembic Global Advisors raised Lockheed Martin from a "neutral" rating to an "overweight" rating in a report on Thursday, August 28th. JPMorgan Chase & Co. decreased their price objective on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada decreased their price objective on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. One equities research 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 company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $494.00.

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.