Hancock Whitney Corp Has $21.66 Million Holdings in Lockheed Martin Corporation $LMT

Key Points

• Hancock Whitney Corp reduced its stake in Lockheed Martin by 1.2% during the first quarter, now holding 48,497 shares valued at $21.66 million, making it the firm's 29th largest investment.
• Lockheed Martin's recent earnings report revealed an EPS of $7.29, surpassing estimates, with revenue of $18.16 billion, slightly below expectations.
• The company announced a quarterly dividend of $3.30, reflecting a 2.9% annual yield, with a payout ratio of 74.32%.

Hancock Whitney Corp trimmed its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 1.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,497 shares of the aerospace company's stock after selling 599 shares during the quarter. Lockheed Martin comprises approximately 0.7% of Hancock Whitney Corp's holdings, making the stock its 29th largest position. Hancock Whitney Corp's holdings in Lockheed Martin were worth $21,664,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Entropy Technologies LP boosted its holdings in 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 during the period. PTM Wealth Management LLC acquired a new position in shares of Lockheed Martin during the 1st quarter worth about $377,000. First American Bank boosted its stake in Lockheed Martin by 18.8% during 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 during the period. Cantor Fitzgerald Investment Advisors L.P. grew its holdings in 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 increased its position in Lockheed Martin by 93.9% in the 4th quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock worth $541,000 after buying an additional 539 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded up $6.83 during trading on Friday, reaching $463.68. The company's stock had a trading volume of 1,464,488 shares, compared to its average volume of 1,394,402. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The stock has a 50-day moving average price of $446.34 and a two-hundred day moving average price of $457.37. The stock has a market capitalization of $108.25 billion, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 1.61 and a beta of 0.26. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (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 business had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same quarter in the prior year, the firm posted $7.11 earnings per share. The firm's revenue for the quarter was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

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 issued 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 dividend payout ratio is 74.32%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. UBS Group dropped their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Robert W. Baird decreased their target price on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" 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 note 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 for the company in a report on Wednesday, July 23rd. Finally, Alembic Global Advisors raised shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently 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.