Lockheed Martin Corporation $LMT Shares Acquired by Ieq Capital LLC

Key Points

• Ieq Capital LLC increased its stake in Lockheed Martin by 36.8% in the first quarter, owning a total of 18,301 shares valued at approximately $8.18 million.
• Several analysts have lowered their target prices for Lockheed Martin, with the consensus price target now at $506.35 and a general rating of "Hold".
• Lockheed Martin announced a quarterly dividend of $3.30 payable on September 26, offering a yield of 2.9% and a payout ratio of 74.32%.

Ieq Capital LLC increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 36.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,301 shares of the aerospace company's stock after purchasing an additional 4,923 shares during the period. Ieq Capital LLC's holdings in Lockheed Martin were worth $8,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in 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 buying an additional 560,457 shares in the last quarter. Invesco Ltd. increased its holdings in Lockheed Martin by 0.6% in the first quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock valued at $958,116,000 after buying an additional 12,899 shares in the last quarter. GAMMA Investing LLC increased its holdings in Lockheed Martin by 41,104.9% in the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after buying an additional 1,986,600 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Lockheed Martin by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company's stock valued at $580,317,000 after buying an additional 24,512 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Lockheed Martin by 4.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company's stock valued at $518,937,000 after buying an additional 51,522 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group cut their price objective on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Alembic Global Advisors raised shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday, August 28th. Bank of America cut their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a research note on Thursday, August 21st. Royal Bank Of Canada cut their target price on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Finally, Wall Street Zen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $494.00.

Lockheed Martin Price Performance

LMT traded down $4.28 on Wednesday, reaching $448.22. 479,842 shares of the company's stock were exchanged, compared to its average volume of 1,656,231. The stock has a market cap of $104.64 billion, a PE ratio of 25.25, a P/E/G ratio of 1.60 and a beta of 0.26. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The stock's fifty day moving average price is $446.49 and its 200-day moving average price is $456.95. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its 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. The company had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. Lockheed Martin's revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business 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 EPS for the current year.

Lockheed Martin Dividend Announcement

The business 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 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is currently 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.