Lockheed Martin Corporation $LMT Stock Holdings Lifted by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its stake in Lockheed Martin by 24.7%, acquiring an additional 1,099 shares, bringing its total holdings to 5,557 shares valued at approximately $2.574 million.
• Several institutions have made significant adjustments to their Lockheed Martin holdings, with Entropy Technologies LP's share increase of 410.2% during the first quarter being particularly notable.
• Lockheed Martin announced a quarterly dividend of $3.30 per share, which represents an annual yield of 2.8%, payable on September 26th to shareholders of record on September 2nd.

GAMMA Investing LLC boosted its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 24.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,557 shares of the aerospace company's stock after purchasing an additional 1,099 shares during the quarter. GAMMA Investing LLC's holdings in Lockheed Martin were worth $2,574,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OMNI 360 Wealth Inc. lifted its position in Lockheed Martin by 2.5% during the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock worth $408,000 after acquiring an additional 22 shares in the last quarter. 49 Wealth Management LLC boosted its holdings in Lockheed Martin by 3.4% in the first quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock valued at $295,000 after purchasing an additional 22 shares during the last quarter. Tyler Stone Wealth Management grew its stake in Lockheed Martin by 3.3% during the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock valued at $306,000 after purchasing an additional 22 shares in the last quarter. Tealwood Asset Management Inc. boosted its stake in shares of Lockheed Martin by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after buying an additional 23 shares during the last quarter. Finally, Southland Equity Partners LLC grew its position in shares of Lockheed Martin by 3.1% during the first quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock worth $342,000 after buying an additional 23 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on LMT. Cowen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Susquehanna reduced 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. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the company a "market perform" rating in a research note on Monday, July 14th. Alembic Global Advisors upgraded shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday, August 28th. Finally, 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 report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, Lockheed Martin currently has an average rating of "Hold" and a consensus target price of $494.00.

Lockheed Martin Price Performance

NYSE:LMT traded up $7.56 during trading hours on Monday, hitting $480.50. 1,409,721 shares of the company's stock traded hands, compared to its average volume of 1,334,475. 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 business's fifty day simple moving average is $447.32 and its two-hundred day simple moving average is $459.12. The firm has a market cap of $112.18 billion, a P/E ratio of 27.05, a P/E/G ratio of 1.66 and a beta of 0.26.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $18.59 billion. During the same quarter last year, the firm earned $7.11 earnings per share. The firm's quarterly revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is 74.32%.

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.