Banque Transatlantique SA Acquires 615 Shares of Lockheed Martin Corporation $LMT

Key Points

• Banque Transatlantique SA significantly increased its stake in Lockheed Martin Corporation by 698.9% during the first quarter, bringing its total holdings to 703 shares valued at approximately $290,000.
• Multiple institutional investors, including Brighton Jones LLC and Deutsche Bank AG, also increased their positions in Lockheed Martin, reflecting a broader institutional interest as they own 74.19% of the company’s stock.
• Wall Street analysts have recently downgraded Lockheed Martin’s ratings, with the stock receiving a consensus rating of "Hold" and a target price of approximately $494.00.

Banque Transatlantique SA grew its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 698.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 703 shares of the aerospace company's stock after purchasing an additional 615 shares during the quarter. Banque Transatlantique SA's holdings in Lockheed Martin were worth $290,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. TruNorth Capital Management LLC bought a new stake in Lockheed Martin during the first quarter valued at $31,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at about $35,000. EQ Wealth Advisors LLC bought a new stake in shares of Lockheed Martin during the 1st quarter valued at about $43,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Lockheed Martin during the 1st quarter valued at about $45,000. Finally, Dagco Inc. acquired a new stake in Lockheed Martin during the first quarter worth approximately $50,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 1.5%

Shares of LMT stock traded up $6.83 during trading hours on Friday, reaching $463.68. The company had a trading volume of 1,464,488 shares, compared to its average volume of 1,393,759. The company has a market cap of $108.25 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 1.63 and a beta of 0.26. 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 12 month low of $410.11 and a 12 month high of $618.95. The business has a fifty day simple moving average of $446.34 and a 200-day simple moving average of $457.54.

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 business had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the prior year, the company posted $7.11 earnings per share. Lockheed Martin's revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal 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 issued a $3.30 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.8%. Lockheed Martin's dividend payout ratio is currently 74.32%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Robert W. Baird cut 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. Truist Financial lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and cut their target price for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Bank of America reduced their price target 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. Susquehanna dropped their price objective on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. 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's stock. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of "Hold" and an average target price of $494.00.

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.