Banco Bilbao Vizcaya Argentaria S.A. Has $2.76 Million Holdings in Lockheed Martin Corporation $LMT

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Lockheed Martin Corporation by 34% in Q1, raising its total investment to approximately $2.76 million.
• Lockheed Martin reported earnings per share of $7.29 for the last quarter, exceeding analysts' expectations by $0.72, although its revenue of $18.16 billion fell short of estimates.
• The company has announced a quarterly dividend of $3.30 per share, yielding about 3.0%, to be paid on September 26th.

Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 34.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,182 shares of the aerospace company's stock after acquiring an additional 1,569 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Lockheed Martin were worth $2,763,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. TruNorth Capital Management LLC bought a new stake in Lockheed Martin during the 1st quarter worth approximately $31,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin in the fourth quarter valued at approximately $35,000. Banque Transatlantique SA acquired a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $43,000. EQ Wealth Advisors LLC bought a new stake in shares of Lockheed Martin during the first quarter worth $43,000. Finally, Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Lockheed Martin during the first quarter worth $45,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Trading Up 0.2%

NYSE LMT opened at $446.7530 on Friday. The stock has a market capitalization of $104.30 billion, a P/E ratio of 25.16, a P/E/G ratio of 1.57 and a beta of 0.27. The business has a 50 day simple moving average of $449.45 and a 200 day simple moving average of $456.35. 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 Corporation has a one year low of $410.11 and a one year 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 the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion for 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 company's revenue was up .2% compared to the same quarter last year. 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. Research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business 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 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 74.32%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Susquehanna dropped their price objective on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a report on Wednesday, July 23rd. Bank of America reduced their price objective on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research note on Thursday. Jefferies Financial Group cut their price objective on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Finally, Truist Financial lowered Lockheed Martin from a "buy" rating to a "hold" rating and cut their price objective for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $506.35.

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.

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