Lockheed Martin Corporation $LMT Stake Increased by Atalanta Sosnoff Capital LLC

Key Points

• Atalanta Sosnoff Capital LLC increased its stake in Lockheed Martin by 1,731.6% during Q1, owning 13,041 shares valued at $5.83 million.
• Lockheed Martin's recent quarterly earnings surpassed estimates with $7.29 EPS, though revenue fell slightly short at $18.16 billion.
• The company has announced a dividend of $3.30 per share, reflecting an annual yield of 2.9%, with a payout ratio of 74.32%.

Atalanta Sosnoff Capital LLC raised its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 1,731.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 13,041 shares of the aerospace company's stock after acquiring an additional 12,329 shares during the period. Atalanta Sosnoff Capital LLC's holdings in Lockheed Martin were worth $5,826,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. OMNI 360 Wealth Inc. increased its holdings in shares of Lockheed Martin by 2.5% in the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock valued at $408,000 after purchasing an additional 22 shares in the last quarter. 49 Wealth Management LLC increased its holdings in shares of Lockheed Martin by 3.4% in the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock valued at $295,000 after purchasing an additional 22 shares in the last quarter. Tyler Stone Wealth Management increased its holdings in shares of Lockheed Martin by 3.3% in the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock valued at $306,000 after purchasing an additional 22 shares in the last quarter. Tealwood Asset Management Inc. increased its holdings in Lockheed Martin by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after acquiring an additional 23 shares in the last quarter. Finally, Southland Equity Partners LLC increased its holdings in Lockheed Martin by 3.1% during the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock valued at $342,000 after acquiring an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Up 1.5%

Shares of LMT traded up $6.83 during mid-day trading on Friday, hitting $463.68. The company had a trading volume of 1,464,488 shares, compared to its average volume of 1,394,402. The business's 50-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. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The stock has a market cap of $108.25 billion, a PE ratio of 26.11, a P/E/G ratio of 1.61 and a beta of 0.26.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its 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. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business had revenue of $18.16 billion for the quarter, compared to analysts' expectations of $18.59 billion. During the same period last year, the company earned $7.11 earnings per share. The company's quarterly revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's payout ratio is presently 74.32%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LMT. Vertical Research restated a "hold" rating and set a $460.00 target price on shares of Lockheed Martin in a report on Tuesday, July 22nd. Wall Street Zen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Cowen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Bank of America dropped their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a report on Thursday, August 21st. Finally, Susquehanna dropped their target price on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $494.00.

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.