Great Lakes Advisors LLC Has $17.71 Million Stake in Lockheed Martin Corporation $LMT

Key Points

• Great Lakes Advisors LLC reduced its stake in Lockheed Martin by 16.1%, holding 39,653 shares valued at approximately $17.71 million as of the end of the most recent quarter.
• Lockheed Martin reported earnings per share (EPS) of $7.29, exceeding the expected $6.57, with quarterly revenues of $18.16 billion, slightly below analyst forecasts.
• The company announced a quarterly dividend of $3.30, reflecting a dividend yield of 2.9%, which is scheduled to be paid on September 26th.

Great Lakes Advisors LLC cut its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 16.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,653 shares of the aerospace company's stock after selling 7,622 shares during the period. Great Lakes Advisors LLC's holdings in Lockheed Martin were worth $17,714,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of LMT. GAMMA Investing LLC grew its position in Lockheed Martin by 41,104.9% during the 1st 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 during the last quarter. Leigh Baldwin & CO. LLC bought a new stake in Lockheed Martin during the 4th quarter worth approximately $451,985,000. Charles Schwab Investment Management Inc. grew its position in Lockheed Martin by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock worth $3,587,444,000 after acquiring an additional 560,457 shares during the last quarter. Nuveen LLC bought a new position in Lockheed Martin in the 1st quarter valued at $221,790,000. Finally, AQR Capital Management LLC boosted its position in Lockheed Martin by 76.7% in the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock valued at $361,045,000 after buying an additional 350,796 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 1.4%

NYSE LMT traded up $6.30 during trading on Thursday, hitting $470.17. The stock had a trading volume of 1,273,753 shares, compared to its average volume of 1,649,284. The company has a market capitalization of $109.76 billion, a PE ratio of 26.47, a P/E/G ratio of 1.61 and a beta of 0.26. The company's 50-day moving average price is $446.09 and its two-hundred day moving average price is $457.84. 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 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 released its earnings results 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 business 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%.Lockheed Martin's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

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 given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's payout ratio is 74.32%.

Analyst Ratings Changes

A number of research analysts have commented on LMT shares. Royal Bank Of Canada decreased their price objective 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. Cowen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Truist Financial lowered Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price objective for the company from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Wall Street Zen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Susquehanna decreased their price objective on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Lockheed Martin has an average rating of "Hold" and a consensus target price of $494.00.

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.