CX Institutional Has $7.19 Million Stock Holdings in Lockheed Martin Corporation $LMT

Key Points

• CX Institutional increased its holdings in Lockheed Martin Corporation by 4.5% during the 2nd quarter, now owning 15,521 shares, valued at approximately $7.2 million.
• Lockheed Martin recently reported earnings of $7.29 per share, exceeding analysts' expectations of $6.57, with a revenue of $18.16 billion for the quarter.
• The company announced a quarterly dividend of $3.30 per share, set to be paid on September 26th, representing a 2.8% dividend yield.

CX Institutional lifted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,521 shares of the aerospace company's stock after acquiring an additional 670 shares during the period. CX Institutional's holdings in Lockheed Martin were worth $7,188,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. TruNorth Capital Management LLC bought a new stake in shares of Lockheed Martin in the first quarter worth $31,000. Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin in the 4th quarter valued at approximately $35,000. EQ Wealth Advisors LLC acquired a new position in Lockheed Martin in the first quarter valued at $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in Lockheed Martin during the first quarter valued at approximately $45,000. Finally, McIlrath & Eck LLC increased its position in shares of Lockheed Martin by 161.0% during the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock valued at $48,000 after purchasing an additional 66 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LMT has been the topic of several analyst reports. Alembic Global Advisors raised Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. Robert W. Baird decreased their price target on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the stock a "market perform" rating in a report on Monday, July 14th. Cowen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Finally, Bank of America decreased their target price 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, August 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $494.00.

Lockheed Martin Price Performance

Shares of LMT traded down $0.70 during mid-day trading on Friday, hitting $472.92. 2,839,060 shares of the company traded hands, compared to its average volume of 1,334,475. The stock has a market capitalization of $110.41 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 1.66 and a beta of 0.26. The business has a 50-day moving average of $447.18 and a 200 day moving average of $459.09. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. 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 (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, topping the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. During the same period in the prior 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 expect that Lockheed Martin Corporation will post 27.15 earnings per share 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. Investors of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 74.32%.

About Lockheed Martin

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.