Fox Run Management L.L.C. Takes $302,000 Position in Lockheed Martin Corporation $LMT

Key Points

• Fox Run Management L.L.C. acquired 675 shares of Lockheed Martin Corporation valued at approximately $302,000 during the first quarter.
• Lockheed Martin recently reported $7.29 earnings per share for the quarter, exceeding analyst estimates of $6.57, alongside revenues of $18.16 billion.
• The firm declared a quarterly dividend of $3.30 per share, with a payment date set for September 26th, representing a 3.0% yield.

Fox Run Management L.L.C. acquired a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 675 shares of the aerospace company's stock, valued at approximately $302,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Eagle Capital Management LLC increased its stake in shares of Lockheed Martin by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock valued at $5,261,000 after purchasing an additional 32 shares during the last quarter. Brighton Jones LLC increased its stake in shares of Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after purchasing an additional 191 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of Lockheed Martin by 2.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 22,143 shares of the aerospace company's stock valued at $10,760,000 after purchasing an additional 623 shares during the last quarter. Pinebridge Investments L.P. increased its stake in shares of Lockheed Martin by 56.6% in the 4th quarter. Pinebridge Investments L.P. now owns 129,788 shares of the aerospace company's stock valued at $63,069,000 after purchasing an additional 46,933 shares during the last quarter. Finally, MGO One Seven LLC increased its stake in shares of Lockheed Martin by 15.5% in the 4th quarter. MGO One Seven LLC now owns 8,714 shares of the aerospace company's stock valued at $4,235,000 after purchasing an additional 1,172 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LMT. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Robert W. Baird cut their price objective on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Cowen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a 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 on the stock in a report on Wednesday, July 23rd. Finally, UBS Group cut their price objective on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have given 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 an average price target of $506.35.

Lockheed Martin Trading Down 0.3%

LMT traded down $1.4680 during midday trading on Friday, hitting $445.7320. 1,889,568 shares of the company were exchanged, compared to its average volume of 1,705,822. The firm has a market capitalization of $104.06 billion, a P/E ratio of 25.10, a P/E/G ratio of 1.57 and a beta of 0.27. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The firm's 50 day moving average price is $448.65 and its 200-day moving average price is $456.29. 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 (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion for 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 business's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. 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.