Belpointe Asset Management LLC Has $2.62 Million Stake in Lockheed Martin Corporation $LMT

Key Points

• Belpointe Asset Management LLC has reduced its stake in Lockheed Martin by 20.3%, bringing its holdings to 5,873 shares valued at approximately $2.62 million.
• Lockheed Martin reported earnings of $7.29 EPS for the quarter, exceeding estimates, but revenue slightly fell short of expectations at $18.16 billion.
• The company announced a quarterly dividend of $3.30 per share, reflecting a 2.8% yield, with the ex-dividend date set for September 2nd.

Belpointe Asset Management LLC decreased its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 20.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 5,873 shares of the aerospace company's stock after selling 1,495 shares during the period. Belpointe Asset Management LLC's holdings in Lockheed Martin were worth $2,624,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in Lockheed Martin by 41,104.9% in the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after buying an additional 1,986,600 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Lockheed Martin by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock valued at $3,587,444,000 after buying an additional 560,457 shares during the last quarter. Nuveen LLC acquired a new stake in Lockheed Martin in the 1st quarter valued at approximately $221,790,000. AQR Capital Management LLC grew its holdings in Lockheed Martin by 76.7% in the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock valued at $361,045,000 after buying an additional 350,796 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its holdings in Lockheed Martin by 17,506.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company's stock valued at $135,985,000 after buying an additional 302,684 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Price Performance

Shares of LMT stock opened at $463.51 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The company has a market capitalization of $108.21 billion, a P/E ratio of 26.10, a P/E/G ratio of 1.61 and a beta of 0.26. 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 $446.09 and a two-hundred day moving average of $457.84.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping the consensus estimate of $6.57 by $0.72. The business had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.Lockheed Martin's revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently announced 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 (DPR) is 74.32%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Alembic Global Advisors raised Lockheed Martin from a "neutral" rating to an "overweight" rating in a report on Thursday, August 28th. Bank of America lowered their target price on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a report on Thursday, August 21st. Cowen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Susquehanna reduced their price objective on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have issued a Hold rating to the company's stock. According to MarketBeat, Lockheed Martin 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.

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