Glenview Trust co Buys 696 Shares of Lockheed Martin Corporation $LMT

Key Points

• Glenview Trust Co increased its stake in Lockheed Martin Corporation by 1.3%, owning 54,177 shares valued at $24.20 million as of the latest SEC filing.
• Lockheed Martin reported $7.29 earnings per share for the most recent quarter, exceeding the consensus estimate of $6.57, with a revenue of $18.16 billion.
• The company announced a quarterly dividend of $3.30 per share, reflecting an annualized dividend yield of 2.9% with a payout ratio of 74.32%.

Glenview Trust co lifted its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 1.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,177 shares of the aerospace company's stock after purchasing an additional 696 shares during the period. Glenview Trust co's holdings in Lockheed Martin were worth $24,201,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LMT. GAMMA Investing LLC lifted its holdings in Lockheed Martin by 41,104.9% during the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after acquiring an additional 1,986,600 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Lockheed Martin by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock valued at $3,587,444,000 after purchasing an additional 560,457 shares in the last quarter. Nuveen LLC bought a new stake in shares of Lockheed Martin in the first quarter valued at about $221,790,000. AQR Capital Management LLC increased its position in shares of Lockheed Martin by 76.7% in the first quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock valued at $361,045,000 after acquiring an additional 350,796 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in shares of Lockheed Martin by 17,506.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company's stock valued at $135,985,000 after acquiring an additional 302,684 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded up $0.37 on Friday, hitting $471.10. The stock had a trading volume of 1,040,999 shares, compared to its average volume of 1,324,107. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The business's 50 day moving average is $446.39 and its two-hundred day moving average is $458.33. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The stock has a market cap of $109.98 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 1.66 and a beta of 0.26.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the prior year, the business earned $7.11 earnings per share. The firm's revenue for the quarter was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio is 74.32%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LMT. Bank of America lowered their price target on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research report on Thursday, August 21st. UBS Group lowered their price target on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Royal Bank Of Canada lowered their price target on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the stock a "market perform" rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. lowered their price target on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research 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 assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $494.00.

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.