Evergreen Capital Management LLC Has $9.48 Million Stock Holdings in Lockheed Martin Corporation $LMT

Key Points

• Evergreen Capital Management LLC raised its stake in Lockheed Martin by 91.0%, now owning 21,230 shares worth approximately $9.48 million.
• Recent research analyst reports show a mixed outlook for Lockheed Martin, with target prices being reduced by several firms, including Bank of America lowering its target from $495 to $480.
• Lockheed Martin recently declared a quarterly dividend of $3.30 per share, representing an annualized payout of $13.20 and a dividend yield of 2.9%.

Evergreen Capital Management LLC grew its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 91.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,230 shares of the aerospace company's stock after purchasing an additional 10,115 shares during the quarter. Evergreen Capital Management LLC's holdings in Lockheed Martin were worth $9,483,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. TruNorth Capital Management LLC acquired a new stake in Lockheed Martin in the 1st quarter valued at approximately $31,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter worth $35,000. Banque Transatlantique SA purchased a new stake in shares of Lockheed Martin during the 4th quarter worth $43,000. EQ Wealth Advisors LLC purchased a new stake in Lockheed Martin in the first quarter valued at $43,000. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new stake in shares of Lockheed Martin in the first quarter valued at about $45,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. UBS Group dropped their price target on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Vertical Research reaffirmed a "hold" rating and issued a $460.00 target price on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Cowen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Bank of America cut their price target on shares of 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. cut their target price on shares of 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 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. Based on data from MarketBeat, Lockheed Martin has an average rating of "Hold" and a consensus price target of $506.35.

Lockheed Martin Stock Performance

NYSE:LMT traded down $3.38 during mid-day trading on Tuesday, hitting $452.25. The stock had a trading volume of 1,340,959 shares, compared to its average volume of 1,661,486. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The stock has a market capitalization of $105.58 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 1.60 and a beta of 0.26. The company has a 50 day simple moving average of $446.65 and a 200-day simple moving average of $456.99. 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 quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping analysts' consensus estimates of $6.57 by $0.72. The company had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. Lockheed Martin's revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be issued 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 payout ratio is currently 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.