Canada Pension Plan Investment Board Buys 94,699 Shares of Lockheed Martin Corporation $LMT

Key Points

• The Canada Pension Plan Investment Board increased its stake in Lockheed Martin Corporation by 27.7% in the first quarter, owning approximately 0.19% of the company, valued at $194.8 million.
• Lockheed Martin reported $7.29 EPS for the quarter, exceeding the consensus estimate, with a revenue of $18.16 billion, below expectations of $18.59 billion.
• The firm announced a quarterly dividend of $3.30, with an annualized yield of 2.9%, reflecting a payout ratio of 74.32%.

Canada Pension Plan Investment Board raised its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 27.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 436,115 shares of the aerospace company's stock after acquiring an additional 94,699 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.19% of Lockheed Martin worth $194,817,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. TruNorth Capital Management LLC acquired a new stake in shares of Lockheed Martin during the first quarter worth $31,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at $35,000. Banque Transatlantique SA bought a new position in Lockheed Martin in the 4th quarter valued at about $43,000. EQ Wealth Advisors LLC bought a new position in shares of Lockheed Martin during the first quarter valued at $43,000. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new position in Lockheed Martin during the first quarter worth about $45,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Down 0.0%

Shares of LMT traded down $0.08 during mid-day trading on Tuesday, hitting $452.25. The company's stock had a trading volume of 1,322,264 shares, compared to its average volume of 1,661,486. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The firm has a market capitalization of $105.58 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 1.60 and a beta of 0.26. The company's 50-day moving average is $446.65 and its 200-day moving average is $456.99.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data 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. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same period last year, the firm posted $7.11 earnings per share. 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. On average, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is 74.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Alembic Global Advisors upgraded shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday, August 28th. Wall Street Zen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. JPMorgan Chase & Co. lowered their target price on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company 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. Finally, Susquehanna lowered their target price on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a research note on Wednesday, July 23rd. One 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $506.35.

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.