Kingstone Capital Partners Texas LLC Takes Position in Lockheed Martin Corporation $LMT

Key Points

• Kingstone Capital Partners Texas LLC has acquired 18,345 shares of Lockheed Martin Corporation, valued at approximately $8.2 million, indicating growing institutional interest in the stock.
• Lockheed Martin reported $7.29 EPS for the latest quarter, surpassing analyst estimates, but revenue of $18.16 billion fell short of expectations, reflecting mixed financial performance.
• The company has announced a quarterly dividend of $3.30 per share, yielding 2.8%, with a dividend payout ratio currently at 74.32%.

Kingstone Capital Partners Texas LLC purchased a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,345 shares of the aerospace company's stock, valued at approximately $8,209,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in shares of Lockheed Martin by 41,104.9% during the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after buying an additional 1,986,600 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Lockheed Martin by 7.5% during 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 buying an additional 560,457 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Lockheed Martin during the first quarter worth approximately $221,790,000. AQR Capital Management LLC increased its holdings in shares of Lockheed Martin by 76.7% during the first quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock worth $361,045,000 after buying an additional 350,796 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of Lockheed Martin by 17,506.3% during 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 buying an additional 302,684 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LMT shares. Robert W. Baird lowered their price target on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. UBS Group lowered their price target 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 report on Thursday, August 28th. Cowen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Finally, Bank of America lowered their price target on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $494.00.

Lockheed Martin Stock Performance

Shares of LMT stock traded up $1.02 during midday trading on Tuesday, hitting $481.41. 500,762 shares of the company were exchanged, compared to its average volume of 1,635,145. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The firm has a market capitalization of $112.39 billion, a P/E ratio of 27.11, a PEG ratio of 1.66 and a beta of 0.26. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The firm's 50 day moving average price is $447.32 and its two-hundred day moving average price is $459.12.

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, beating analysts' consensus estimates of $6.57 by $0.72. The firm had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.7%. Lockheed Martin's 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.