FORA Capital LLC Raises Stock Holdings in Lockheed Martin Corporation $LMT

Key Points

• FORA Capital LLC increased its stock holdings in Lockheed Martin by 6.2%, owning 17,377 shares worth approximately $7.76 million, making it the firm's 21st largest position.
• Lockheed Martin's recent earnings report showed $7.29 EPS, exceeding analysts' expectations, with a revenue of $18.16 billion for the quarter.
• The company declared a quarterly dividend of $3.30 per share, reflecting an annualized dividend of $13.20 and a yield of 2.9%.

FORA Capital LLC boosted its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 6.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,377 shares of the aerospace company's stock after buying an additional 1,020 shares during the quarter. Lockheed Martin accounts for approximately 0.8% of FORA Capital LLC's holdings, making the stock its 21st biggest position. FORA Capital LLC's holdings in Lockheed Martin were worth $7,762,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. PKS Advisory Services LLC raised its position in Lockheed Martin by 14.8% in the 1st quarter. PKS Advisory Services LLC now owns 916 shares of the aerospace company's stock worth $409,000 after buying an additional 118 shares during the last quarter. Harvest Portfolios Group Inc. grew its stake in shares of Lockheed Martin by 17.4% during the 1st quarter. Harvest Portfolios Group Inc. now owns 3,935 shares of the aerospace company's stock valued at $1,758,000 after purchasing an additional 584 shares during the period. Widmann Financial Services Inc. grew its stake in shares of Lockheed Martin by 46.9% during the 1st quarter. Widmann Financial Services Inc. now owns 1,598 shares of the aerospace company's stock valued at $714,000 after purchasing an additional 510 shares during the period. Orion Capital Management LLC grew its stake in shares of Lockheed Martin by 295.7% during the 1st quarter. Orion Capital Management LLC now owns 728 shares of the aerospace company's stock valued at $325,000 after purchasing an additional 544 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Lockheed Martin by 0.4% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 229,626 shares of the aerospace company's stock valued at $102,576,000 after purchasing an additional 934 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Up 0.3%

Shares of NYSE:LMT opened at $447.63 on Tuesday. The stock has a 50 day moving average of $448.26 and a 200 day moving average of $456.42. The company has a market cap of $104.50 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 1.57 and a beta of 0.27. 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 Corporation has a 12-month low of $410.11 and a 12-month high of $618.95.

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. The company had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm's revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities research analysts expect 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. Shareholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is presently 74.32%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Bank of America cut their price target on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a research note on Thursday, August 21st. Royal Bank Of Canada cut their price target on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. cut their price target on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the company a "market perform" rating in a research note on Monday, July 14th. Finally, Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of "Hold" and a consensus price target of $506.35.

Lockheed Martin Company 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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