Caisse DE Depot ET Placement DU Quebec Purchases 934 Shares of Lockheed Martin Corporation $LMT

Key Points

• Caisse DE Depot ET Placement DU Quebec has increased its ownership in Lockheed Martin by 0.4%, acquiring an additional 934 shares and bringing its total to 229,626 shares valued at approximately $102.576 million.
• Several hedge funds have made significant changes to their positions in Lockheed Martin, with Entropy Technologies LP boosting its holdings by 410.2% during the first quarter.
• Lockheed Martin reported earnings per share of $7.29 for its last quarter, exceeding estimates, though its revenue fell slightly short of forecasts at $18.16 billion.

Caisse DE Depot ET Placement DU Quebec lifted its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 0.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 229,626 shares of the aerospace company's stock after buying an additional 934 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.10% of Lockheed Martin worth $102,576,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Entropy Technologies LP boosted its position in shares of Lockheed Martin by 410.2% in the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company's stock worth $7,874,000 after purchasing an additional 14,171 shares during the period. PTM Wealth Management LLC bought a new position in Lockheed Martin during the first quarter valued at $377,000. First American Bank raised its stake in shares of Lockheed Martin by 18.8% in the first quarter. First American Bank now owns 8,393 shares of the aerospace company's stock valued at $3,749,000 after acquiring an additional 1,327 shares during the period. Cantor Fitzgerald Investment Advisors L.P. raised its stake in shares of Lockheed Martin by 18.6% in the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock valued at $7,652,000 after acquiring an additional 2,686 shares during the period. Finally, State of Wyoming raised its stake in shares of Lockheed Martin by 93.9% in the fourth quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock valued at $541,000 after acquiring an additional 539 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LMT has been the topic of several recent analyst reports. Jefferies Financial Group reduced their price target on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Royal Bank Of Canada cut their target price on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 23rd. Truist Financial cut shares of Lockheed Martin from a "buy" rating to a "hold" rating and lowered their price target for the company from $554.00 to $440.00 in a report on Wednesday, July 23rd. Susquehanna lowered their target price on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and fourteen have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $506.35.

Lockheed Martin Trading Up 0.3%

Shares of LMT opened at $447.63 on Tuesday. The firm's fifty day moving average is $448.26 and its two-hundred day moving average is $456.42. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The stock has a market cap of $104.50 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 1.57 and a beta of 0.27. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95.

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 for the quarter, beating 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 firm had revenue of $18.16 billion for the quarter, compared to analysts' expectations of $18.59 billion. During the same quarter in the previous year, the company posted $7.11 EPS. The company'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. Research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is presently 74.32%.

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.

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