Graham Capital Management L.P. Boosts Holdings in Lockheed Martin Corporation $LMT

Key Points

• Graham Capital Management L.P. significantly increased its stake in Lockheed Martin by 791.4%, purchasing an additional 9,196 shares, bringing its total holdings to 10,358 shares valued at approximately $4.63 million.
• Several institutional investors, including Charles Schwab Investment Management and GAMMA Investing LLC, also made large investments in Lockheed Martin during the first quarter, reflecting a growing interest in the company.
• Lockheed Martin declared a quarterly dividend of $3.30, which will be paid on September 26, representing an annualized dividend of $13.20 and a yield of 2.9% based on its current payout ratio.

Graham Capital Management L.P. boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 791.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,358 shares of the aerospace company's stock after purchasing an additional 9,196 shares during the period. Graham Capital Management L.P.'s holdings in Lockheed Martin were worth $4,627,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Entropy Technologies LP raised its stake in shares of Lockheed Martin by 410.2% during the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company's stock valued at $7,874,000 after acquiring an additional 14,171 shares in the last quarter. PTM Wealth Management LLC purchased a new position in shares of Lockheed Martin during the 1st quarter worth approximately $377,000. First American Bank raised its holdings in shares of Lockheed Martin by 18.8% in the 1st quarter. First American Bank now owns 8,393 shares of the aerospace company's stock valued at $3,749,000 after purchasing an additional 1,327 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. grew its position in shares of Lockheed Martin by 18.6% in the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock valued at $7,652,000 after buying an additional 2,686 shares during the last quarter. Finally, State of Wyoming grew its position in Lockheed Martin by 93.9% during the 4th quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock worth $541,000 after purchasing an additional 539 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Robert W. Baird reduced their price target on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Cowen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Truist Financial lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and lowered their price target for the company from $554.00 to $440.00 in a report on Wednesday, July 23rd. Finally, Alembic Global Advisors upgraded shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $494.00.

Lockheed Martin Trading Down 0.8%

Shares of Lockheed Martin stock traded down $3.74 on Wednesday, hitting $448.76. The stock had a trading volume of 1,535,279 shares, compared to its average volume of 1,420,901. The stock has a 50 day moving average of $446.49 and a 200 day moving average of $456.95. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The firm has a market capitalization of $104.77 billion, a P/E ratio of 25.27, a PEG ratio of 1.60 and a beta of 0.26. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $18.16 billion during 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%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Sell-side analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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 issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio is presently 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.