Credit Agricole S A Acquires 84,270 Shares of Lockheed Martin Corporation $LMT

Key Points

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Credit Agricole S A lifted its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 126.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 150,865 shares of the aerospace company's stock after buying an additional 84,270 shares during the quarter. Credit Agricole S A owned approximately 0.06% of Lockheed Martin worth $67,393,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Eagle Capital Management LLC boosted its position in Lockheed Martin by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock valued at $5,261,000 after purchasing an additional 32 shares during the period. Brighton Jones LLC increased its stake in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after buying an additional 191 shares during the period. Freedom Investment Management Inc. lifted its position in Lockheed Martin by 25.9% in the fourth quarter. Freedom Investment Management Inc. now owns 949 shares of the aerospace company's stock worth $461,000 after purchasing an additional 195 shares during the period. Capital International Inc. CA raised its stake in shares of Lockheed Martin by 26.7% in the 4th quarter. Capital International Inc. CA now owns 4,164 shares of the aerospace company's stock worth $2,023,000 after buying an additional 878 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Lockheed Martin by 121.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,573 shares of the aerospace company's stock valued at $5,624,000 after acquiring an additional 6,336 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 1.2%

Lockheed Martin stock traded up $5.31 during trading hours on Wednesday, hitting $446.41. The company had a trading volume of 1,282,242 shares, compared to its average volume of 1,973,493. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The firm has a market capitalization of $104.22 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 1.55 and a beta of 0.27. The firm's fifty day moving average is $449.89 and its 200-day moving average is $456.41.

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

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is currently 74.32%.

Analysts Set New Price Targets

A number of research firms recently commented on LMT. Susquehanna dropped their target price on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Wall Street Zen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. TD Cowen restated a "hold" rating and issued a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Finally, Cowen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. One 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 MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $506.65.

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.