Avenir Corp Purchases 1,762 Shares of Lockheed Martin Corporation $LMT

Key Points

• Avenir Corp increased its stake in Lockheed Martin by 2.5%, owning 73,641 shares valued at approximately $32.9 million, making Lockheed Martin the 11th largest holding in its portfolio.
• Analyst ratings for Lockheed Martin have fluctuated, with TD Cowen changing their rating from "buy" to "hold" and adjusting the price objective from $500 to $480.
• Lockheed Martin plans to pay a quarterly dividend of $3.30, which yields about 2.9% annually, with a payout ratio of 74.32%.

Avenir Corp increased its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,641 shares of the aerospace company's stock after acquiring an additional 1,762 shares during the quarter. Lockheed Martin comprises about 3.5% of Avenir Corp's investment portfolio, making the stock its 11th largest position. Avenir Corp's holdings in Lockheed Martin were worth $32,896,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. RB Capital Management LLC lifted its stake in shares of Lockheed Martin by 0.8% during the first quarter. RB Capital Management LLC now owns 4,408 shares of the aerospace company's stock valued at $1,969,000 after acquiring an additional 36 shares during the period. Ieq Capital LLC lifted its stake in shares of Lockheed Martin by 36.8% during the first quarter. Ieq Capital LLC now owns 18,301 shares of the aerospace company's stock valued at $8,175,000 after acquiring an additional 4,923 shares during the period. TCM Advisors LLC lifted its stake in shares of Lockheed Martin by 11.0% during the first quarter. TCM Advisors LLC now owns 3,033 shares of the aerospace company's stock valued at $1,355,000 after acquiring an additional 300 shares during the period. Quadcap Wealth Management LLC lifted its stake in shares of Lockheed Martin by 2.6% during the first quarter. Quadcap Wealth Management LLC now owns 6,503 shares of the aerospace company's stock valued at $2,905,000 after acquiring an additional 165 shares during the period. Finally, Redwood Investment Management LLC lifted its stake in shares of Lockheed Martin by 9.9% during the first quarter. Redwood Investment Management LLC now owns 3,987 shares of the aerospace company's stock valued at $1,781,000 after acquiring an additional 359 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

LMT has been the topic of several research reports. UBS Group cut their price target on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Robert W. Baird cut their target price on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Bank of America cut their target price on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research note on Thursday, August 21st. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the company a "market perform" rating in a research note on Monday, July 14th. Finally, Vertical Research reissued a "hold" rating and issued a $460.00 target price on shares of Lockheed Martin in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $506.35.

Lockheed Martin Trading Down 0.1%

Shares of Lockheed Martin stock traded down $0.60 during trading hours on Friday, hitting $455.58. The company's stock had a trading volume of 1,371,987 shares, compared to its average volume of 1,529,966. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The stock has a 50 day moving average of $446.99 and a 200 day moving average of $456.50. The company has a market capitalization of $106.36 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.61 and a beta of 0.27. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly 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 return on equity of 107.60% and a net margin of 5.85%.The company 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 earnings per share. The company's revenue for the quarter was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is 74.32%.

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.