Intech Investment Management LLC Sells 10,006 Shares of Lockheed Martin Corporation $LMT

Key Points

• Intech Investment Management LLC has reduced its holdings in Lockheed Martin by 32.5%, selling 10,006 shares and now owning 20,803 shares valued at approximately $9.3 million.
• Lockheed Martin reported $7.29 EPS for its latest quarter, exceeding analysts' expectations, and has set FY 2025 guidance at $21.70-22.00 EPS.
• The company declared a quarterly dividend of $3.30 per share, reflecting an annualized dividend of $13.20 and a yield of 2.8%.

Intech Investment Management LLC trimmed its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 32.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,803 shares of the aerospace company's stock after selling 10,006 shares during the period. Intech Investment Management LLC's holdings in Lockheed Martin were worth $9,293,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LMT. GAMMA Investing LLC grew its position 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 worth $889,593,000 after acquiring an additional 1,986,600 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position 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 worth $3,587,444,000 after acquiring an additional 560,457 shares in the last quarter. Nuveen LLC bought a new stake in Lockheed Martin in the first quarter worth approximately $221,790,000. AQR Capital Management LLC grew its position in Lockheed Martin by 76.7% in the first quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock worth $361,045,000 after acquiring an additional 350,796 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in 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 worth $135,985,000 after acquiring an additional 302,684 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

NYSE LMT opened at $463.51 on Thursday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The firm has a market capitalization of $108.21 billion, a price-to-earnings ratio of 26.10, a P/E/G ratio of 1.61 and a beta of 0.26. The company's fifty day moving average is $446.09 and its two-hundred day moving average is $457.84. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95.

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

Lockheed Martin Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Royal Bank Of Canada decreased 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 report on Wednesday, July 23rd. Robert W. Baird reduced their price objective on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Alembic Global Advisors upgraded shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday, August 28th. Truist Financial cut shares of Lockheed Martin from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Finally, Vertical Research restated a "hold" rating and issued a $460.00 price objective on shares of Lockheed Martin in a research note on Tuesday, July 22nd. 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. According to MarketBeat, Lockheed Martin presently has an average rating of "Hold" and a consensus target price 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.

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