Carderock Capital Management Inc. Has $3.71 Million Stock Holdings in Lockheed Martin Corporation $LMT

Key Points

• Carderock Capital Management Inc. reduced its holdings in Lockheed Martin by 7.5%, owning 8,302 shares valued at approximately $3.71 million at the end of the most recent quarter.
• Lockheed Martin's recent quarterly earnings report showed an EPS of $7.29, exceeding analysts' expectations, but revenue fell slightly short of estimates.
• The company announced a quarterly dividend of $3.30 per share, reflecting a 2.8% yield with a payout ratio of 74.32%.

Carderock Capital Management Inc. trimmed its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 7.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,302 shares of the aerospace company's stock after selling 675 shares during the quarter. Carderock Capital Management Inc.'s holdings in Lockheed Martin were worth $3,709,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. TruNorth Capital Management LLC bought a new position in shares of Lockheed Martin in the first quarter worth about $31,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $35,000. EQ Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin in the first quarter valued at approximately $43,000. Ritter Daniher Financial Advisory LLC DE bought a new position in Lockheed Martin in the 1st quarter worth approximately $45,000. Finally, McIlrath & Eck LLC raised its position in Lockheed Martin by 161.0% in the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock worth $48,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on LMT shares. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the company a "market perform" rating in a research report on Monday, July 14th. Royal Bank Of Canada decreased their price target on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. Wall Street Zen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Alembic Global Advisors raised Lockheed Martin from a "neutral" rating to an "overweight" rating in a report on Thursday, August 28th. Finally, Susquehanna cut their target price on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a research report on Wednesday, July 23rd. One equities 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $494.00.

Lockheed Martin Stock Up 1.4%

Shares of NYSE LMT opened at $463.51 on Thursday. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The stock has a market cap 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. The firm has a 50 day moving average price of $446.09 and a 200 day moving average price of $457.84.

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, topping analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company had revenue of $18.16 billion for the quarter, compared to analysts' expectations of $18.59 billion. During the same period last year, the firm posted $7.11 earnings per share. The business's quarterly 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. Analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.8%. Lockheed Martin's payout ratio is currently 74.32%.

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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