EagleClaw Capital Managment LLC Acquires 1,306 Shares of Lockheed Martin Corporation (NYSE:LMT)

Key Points

• EagleClaw Capital Management LLC increased its holdings in Lockheed Martin by 10.3%, acquiring an additional 1,306 shares to reach a total of 13,929 shares valued at $6,222,000.
• Multiple analysts have downgraded their price targets for Lockheed Martin, with the consensus rating remaining at "Hold" and an average target price of $506.65.
• Lockheed Martin recently announced a quarterly dividend of $3.30 per share, resulting in an annualized yield of 3.1%, with the payment scheduled for September 26th.

EagleClaw Capital Managment LLC raised its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 10.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,929 shares of the aerospace company's stock after buying an additional 1,306 shares during the period. EagleClaw Capital Managment LLC's holdings in Lockheed Martin were worth $6,222,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC bought a new stake in Lockheed Martin in the first quarter worth $31,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin during the fourth quarter valued at about $35,000. Redwood Park Advisors LLC acquired a new position in shares of Lockheed Martin during the fourth quarter valued at about $40,000. Banque Transatlantique SA acquired a new position in shares of Lockheed Martin during the fourth quarter valued at about $43,000. Finally, EQ Wealth Advisors LLC acquired a new position in Lockheed Martin in the first quarter worth about $43,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded down $0.01 on Friday, reaching $420.97. 1,871,270 shares of the company's stock were exchanged, compared to its average volume of 2,065,480. The company has a fifty day moving average of $460.68 and a 200-day moving average of $460.84. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month 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. The company has a market capitalization of $98.28 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 1.48 and a beta of 0.27.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the prior year, the firm earned $7.11 EPS. The firm's revenue was up .2% compared to the same quarter last year. On average, research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 74.32%.

Analysts Set New Price Targets

Several analysts have weighed in on LMT shares. Truist Financial cut shares of Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. TD Cowen reaffirmed a "hold" rating and set a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Royal Bank Of Canada reduced their price target on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 23rd. Vertical Research reaffirmed a "hold" rating and issued a $460.00 price objective on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Finally, Jefferies Financial Group cut their price objective 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. Fifteen analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of "Hold" and an average target price of $506.65.

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.