Kapitalo Investimentos Ltda Purchases Shares of 35,842 Lockheed Martin Corporation $LMT

Key Points

• Kapitalo Investimentos Ltda acquired 35,842 shares of Lockheed Martin, valued at approximately $16.6 million, making it the 7th largest holding in their portfolio.
• Lockheed Martin recently reported earnings of $7.29 per share for the quarter, surpassing analyst estimates, and has set FY 2025 guidance at between $21.70 and $22.00 EPS.
• The company declared a quarterly dividend of $3.30 per share, equating to an annual yield of 2.8% with a payout ratio of 74.32%.

Kapitalo Investimentos Ltda acquired a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 35,842 shares of the aerospace company's stock, valued at approximately $16,600,000. Lockheed Martin accounts for approximately 3.6% of Kapitalo Investimentos Ltda's investment portfolio, making the stock its 7th biggest position.

Several other large investors have also recently made changes to their positions in LMT. OMNI 360 Wealth Inc. grew its holdings in shares of Lockheed Martin by 2.5% during the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock worth $408,000 after purchasing an additional 22 shares during the period. 49 Wealth Management LLC increased its stake in shares of Lockheed Martin by 3.4% during the first quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock worth $295,000 after buying an additional 22 shares during the period. Tyler Stone Wealth Management grew its stake in shares of Lockheed Martin by 3.3% during the first quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock worth $306,000 after purchasing an additional 22 shares in the last quarter. Tealwood Asset Management Inc. increased its holdings in shares of Lockheed Martin by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after acquiring an additional 23 shares during the last quarter. Finally, Southland Equity Partners LLC lifted its position in shares of Lockheed Martin by 3.1% during the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock worth $342,000 after buying an additional 23 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LMT has been the subject of several research reports. Truist Financial downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and reduced their price target for the company from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Wall Street Zen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. TD Cowen reiterated a "hold" rating and issued a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Vertical Research reiterated a "hold" rating and issued a $460.00 price target on shares of Lockheed Martin in a report on Tuesday, July 22nd. Finally, Robert W. Baird lowered their price target on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. One equities research 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $494.00.

Lockheed Martin Stock Up 1.6%

LMT stock traded up $7.56 during midday trading on Monday, reaching $480.50. The company had a trading volume of 1,409,721 shares, compared to its average volume of 1,334,475. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The company has a market capitalization of $112.18 billion, a P/E ratio of 27.05, a PEG ratio of 1.66 and a beta of 0.26. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The company has a 50 day moving average of $447.32 and a two-hundred day moving average of $459.12.

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. The firm had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities research 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 declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend 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.