Kodai Capital Management LP Takes Position in Lockheed Martin Corporation $LMT

Key Points

• Kodai Capital Management LP has acquired a new stake in Lockheed Martin Corporation, purchasing 27,367 shares valued at approximately $12.22 million.
• Lockheed Martin recently reported $7.29 EPS for the last quarter, exceeding estimates, along with a revenue of $18.16 billion, which shows a 0.2% year-over-year increase.
• The company declared a quarterly dividend of $3.30 per share, with an annualized yield of 2.9%, demonstrating its ongoing commitment to returning value to shareholders.

Kodai Capital Management LP purchased a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 27,367 shares of the aerospace company's stock, valued at approximately $12,225,000.

Other institutional investors also recently modified their holdings of the company. Entropy Technologies LP lifted its holdings in shares of Lockheed Martin by 410.2% in the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company's stock valued at $7,874,000 after purchasing an additional 14,171 shares in the last quarter. PTM Wealth Management LLC acquired a new stake in shares of Lockheed Martin in the first quarter valued at about $377,000. First American Bank increased its position in shares of Lockheed Martin by 18.8% in the first quarter. First American Bank now owns 8,393 shares of the aerospace company's stock valued at $3,749,000 after acquiring an additional 1,327 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. increased its position in shares of Lockheed Martin by 18.6% in the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock valued at $7,652,000 after acquiring an additional 2,686 shares during the last quarter. Finally, State of Wyoming increased its position in shares of Lockheed Martin by 93.9% in the fourth quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock valued at $541,000 after acquiring an additional 539 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LMT. Robert W. Baird lowered their target price on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. UBS Group lowered their target price on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Royal Bank Of Canada lowered their target price on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 23rd. TD Cowen reaffirmed a "hold" rating and issued a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Finally, Bank of America lowered their target price on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $494.00.

Lockheed Martin Price Performance

NYSE:LMT traded down $2.88 during trading hours on Wednesday, reaching $449.62. 636,478 shares of the company were exchanged, compared to its average volume of 1,657,148. The company has a market capitalization of $104.97 billion, a P/E ratio of 25.32, a P/E/G ratio of 1.60 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 debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The business has a 50 day moving average of $446.49 and a 200 day moving average of $456.95.

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

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.9%. Lockheed Martin's dividend payout ratio is presently 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.