Caxton Associates LLP Makes New $3.67 Million Investment in Lockheed Martin Corporation $LMT

Key Points

• Caxton Associates LLP has acquired a new stake of 8,211 shares in Lockheed Martin Corporation, valued at approximately $3.7 million, during the first quarter of the year.
• Several other hedge funds have also made significant changes to their positions in Lockheed Martin, with GAMMA Investing LLC increasing its holdings by 41,104.9%, now owning nearly 2 million shares valued at $889.6 million.
• Analysts have adjusted their price targets for Lockheed Martin, with JPMorgan reducing its target from $520 to $465, reflecting a general trend toward lowering ratings while maintaining a consensus rating of "Hold."

Caxton Associates LLP bought a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,211 shares of the aerospace company's stock, valued at approximately $3,668,000.

Several other large investors have also added to or reduced their stakes in LMT. Signature Estate & Investment Advisors LLC boosted its stake in Lockheed Martin by 32.1% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 1,518 shares of the aerospace company's stock valued at $678,000 after purchasing an additional 369 shares during the last quarter. Hamilton Capital LLC raised its stake in shares of Lockheed Martin by 45.3% in the first quarter. Hamilton Capital LLC now owns 1,030 shares of the aerospace company's stock worth $460,000 after purchasing an additional 321 shares during the last quarter. Sciencast Management LP lifted its holdings in shares of Lockheed Martin by 231.3% in the first quarter. Sciencast Management LP now owns 6,640 shares of the aerospace company's stock valued at $2,966,000 after purchasing an additional 4,636 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its position in shares of Lockheed Martin by 45.8% during the first quarter. Ashton Thomas Private Wealth LLC now owns 6,140 shares of the aerospace company's stock valued at $2,743,000 after buying an additional 1,930 shares during the last quarter. Finally, Kestra Investment Management LLC boosted its position in shares of Lockheed Martin by 25.2% during the first quarter. Kestra Investment Management LLC now owns 1,705 shares of the aerospace company's stock valued at $762,000 after buying an additional 343 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

LMT traded down $1.93 during trading on Tuesday, hitting $457.18. 1,006,572 shares of the company traded hands, compared to its average volume of 1,394,536. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The stock's fifty day moving average is $446.08 and its 200 day moving average is $457.80. 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 firm has a market cap of $106.73 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 1.61 and a beta of 0.26.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating 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 firm had revenue of $18.16 billion for the quarter, compared to analysts' expectations of $18.59 billion. During the same period in the previous year, the company earned $7.11 earnings per share. The company's quarterly revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed 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. This represents a $13.20 annualized dividend 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 recently commented on the company. Vertical Research reissued a "hold" rating and issued a $460.00 price target on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Alembic Global Advisors upgraded shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a report on Thursday, August 28th. UBS Group dropped their price target on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Finally, Robert W. Baird dropped their target price on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" 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 issued a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.