CW Advisors LLC Grows Stock Holdings in Lockheed Martin Corporation $LMT

Key Points

• CW Advisors LLC increased its stake in Lockheed Martin Corporation by 14.1% in the first quarter, bringing their total holdings to 11,402 shares, valued at over $5 million.
• Lockheed Martin reported earnings per share of $7.29 for the latest quarter, exceeding analysts' estimates, while revenues were reported at $18.16 billion.
• The company announced a quarterly dividend of $3.30, with an annualized yield of 3.0%, payable on September 26th to investors of record.

CW Advisors LLC increased its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 14.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,402 shares of the aerospace company's stock after buying an additional 1,413 shares during the quarter. CW Advisors LLC's holdings in Lockheed Martin were worth $5,086,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in LMT. Eagle Capital Management LLC boosted its holdings in Lockheed Martin by 0.3% in 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 in the last quarter. Brighton Jones LLC raised its position in shares of Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after purchasing an additional 191 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Lockheed Martin by 16.8% during the 4th quarter. Integrated Wealth Concepts LLC now owns 13,389 shares of the aerospace company's stock worth $6,506,000 after purchasing an additional 1,928 shares during the last quarter. Voya Investment Management LLC raised its holdings in Lockheed Martin by 7.8% in the 4th quarter. Voya Investment Management LLC now owns 90,717 shares of the aerospace company's stock valued at $44,083,000 after acquiring an additional 6,601 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in Lockheed Martin by 14.6% in the 4th quarter. Lord Abbett & CO. LLC now owns 63,246 shares of the aerospace company's stock valued at $30,734,000 after acquiring an additional 8,059 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Down 0.3%

Lockheed Martin stock opened at $445.7320 on Friday. The stock has a market capitalization of $104.06 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 1.57 and a beta of 0.27. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month 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 50 day simple moving average of $448.65 and a 200-day simple moving average of $456.34.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its 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. The firm had revenue of $18.16 billion during 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%. The firm's revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. UBS Group cut their price target on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Vertical Research reaffirmed a "hold" rating and set a $460.00 price target on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Bank of America decreased their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a research report on Thursday. TD Cowen restated a "hold" rating and issued a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Finally, 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 report on Monday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and fourteen have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average 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.

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