Epoch Investment Partners Inc. Sells 5,066 Shares of Lockheed Martin Corporation $LMT

Key Points

• Epoch Investment Partners Inc. sold 5,066 shares of Lockheed Martin Corporation, reducing its holdings by 4.6% to a total of 104,851 shares valued at approximately $46.84 million.
• Lockheed Martin reported earnings per share (EPS) of $7.29 for the most recent quarter, exceeding analyst expectations of $6.57, while its quarterly revenue was slightly below forecasts at $18.16 billion.
• The company declared a quarterly dividend of $3.30 per share, with a yield of 2.9%, set to be paid on September 26th, benefiting shareholders of record on September 2nd.

Epoch Investment Partners Inc. trimmed its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 4.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,851 shares of the aerospace company's stock after selling 5,066 shares during the period. Epoch Investment Partners Inc.'s holdings in Lockheed Martin were worth $46,838,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LMT. GAMMA Investing LLC grew its position in Lockheed Martin by 41,104.9% in the first 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. Castlekeep Investment Advisors LLC bought a new stake in shares of Lockheed Martin during the 4th quarter worth $526,587,000. Leigh Baldwin & CO. LLC bought a new stake in shares of Lockheed Martin during the 4th quarter worth $451,985,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Lockheed Martin by 7.5% during 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 buying an additional 560,457 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Lockheed Martin during the 1st quarter worth $221,790,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

Lockheed Martin stock traded down $0.60 during mid-day trading on Friday, reaching $455.58. The company had a trading volume of 1,371,987 shares, compared to its average volume of 1,529,966. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The company has a 50 day moving average of $446.99 and a 200-day moving average of $456.50. The firm has a market cap of $106.36 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.61 and a beta of 0.27.

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

Lockheed Martin Announces Dividend

The company also recently announced 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. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.9%. Lockheed Martin's dividend payout ratio (DPR) is 74.32%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wall Street Zen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. UBS Group cut their price objective on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. TD Cowen reissued a "hold" rating and set a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Royal Bank Of Canada cut their price objective on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 23rd. Finally, Susquehanna cut their price objective 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. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $506.35.

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.