Eaton Financial Holdings Company LLC Buys Shares of 790 Lockheed Martin Corporation $LMT

Key Points

• Eaton Financial Holdings Company LLC has purchased 790 shares of Lockheed Martin Corporation, valued at approximately $366,000, in its most recent SEC disclosure.
• Lockheed Martin has a market capitalization of $112.18 billion and is showing a 1.6% increase in stock price recently, with earnings surpassing estimates in its last quarterly report.
• The company's quarterly dividend of $3.30 will be paid on September 26th, representing an annual yield of 2.7%.

Eaton Financial Holdings Company LLC bought a new stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 790 shares of the aerospace company's stock, valued at approximately $366,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Lockheed Martin by 41,104.9% in the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after acquiring an additional 1,986,600 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Lockheed Martin by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock worth $3,587,444,000 after acquiring an additional 560,457 shares in the last quarter. Nuveen LLC bought a new position in shares of Lockheed Martin in the 1st quarter worth $221,790,000. AQR Capital Management LLC raised its position in shares of Lockheed Martin by 76.7% in the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock worth $361,045,000 after acquiring an additional 350,796 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of Lockheed Martin by 17,506.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company's stock worth $135,985,000 after acquiring an additional 302,684 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LMT shares. Susquehanna reduced their price target on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd. Robert W. Baird reduced their price target on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the stock a "market perform" rating in a research note on Monday, July 14th. Bank of America dropped their target price on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research note on Thursday, August 21st. Finally, JPMorgan Chase & Co. dropped their target price on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research note 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 given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $494.00.

Lockheed Martin Stock Up 1.6%

Shares of LMT opened at $480.50 on Tuesday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. 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 company has a market capitalization of $112.18 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 1.66 and a beta of 0.26. The stock's 50-day moving average price is $447.32 and its 200-day moving average price is $459.12.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly 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 company had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.Lockheed Martin's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued 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 2.7%. Lockheed Martin's dividend payout ratio is presently 74.32%.

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.

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Corporation (NYSE:LMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.