Ethic Inc. Boosts Stock Position in Lockheed Martin Corporation $LMT

Key Points

• Ethic Inc. increased its stake in Lockheed Martin Corporation by 12.9% during the second quarter, now owning 6,108 shares valued at approximately $2.8 million.
• Lockheed Martin announced a quarterly dividend of $3.45 per share, up from its previous dividend of $3.30, with an annual yield of 2.8%.
• Recent earnings reported by Lockheed Martin show an EPS of $6.95, exceeding analysts' expectations, along with a revenue increase of 8.8% compared to the same quarter last year.

Ethic Inc. grew its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 12.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,108 shares of the aerospace company's stock after purchasing an additional 696 shares during the period. Ethic Inc.'s holdings in Lockheed Martin were worth $2,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Entropy Technologies LP grew its position in shares of Lockheed Martin by 410.2% in the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company's stock valued at $7,874,000 after purchasing an additional 14,171 shares in the last quarter. PTM Wealth Management LLC purchased a new stake in shares of Lockheed Martin in the first quarter valued at approximately $377,000. Empowered Funds LLC grew its position in shares of Lockheed Martin by 21.2% in the first quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company's stock valued at $18,038,000 after purchasing an additional 7,052 shares in the last quarter. Founders Capital Management grew its position in shares of Lockheed Martin by 46.9% in the second quarter. Founders Capital Management now owns 14,568 shares of the aerospace company's stock valued at $6,747,000 after purchasing an additional 4,648 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of Lockheed Martin in the first quarter valued at approximately $413,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Down 0.5%

NYSE:LMT opened at $485.59 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The stock's fifty day moving average is $477.51 and its two-hundred day moving average is $466.37. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $576.43. The stock has a market capitalization of $112.37 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 1.61 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping analysts' consensus estimates of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The company had revenue of $18.61 billion for the quarter, compared to analysts' expectations of $18.45 billion. During the same period in the prior year, the firm earned $6.84 earnings per share. The firm's revenue was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. Lockheed Martin's payout ratio is currently 77.05%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LMT. Cowen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Sanford C. Bernstein increased their price objective on Lockheed Martin from $497.00 to $545.00 and gave the stock a "market perform" rating in a research report on Monday. UBS Group lowered their price objective on Lockheed Martin from $514.00 to $513.00 and set a "neutral" rating for the company in a research report on Wednesday. Alembic Global Advisors upgraded Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. Finally, TD Cowen reiterated a "hold" rating and issued a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $513.47.

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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