Level Four Advisory Services LLC Has $10.08 Million Holdings in Lockheed Martin Corporation $LMT

Key Points

• Level Four Advisory Services LLC increased its stake in Lockheed Martin by 10.7%, holding a total of 22,564 shares valued at approximately $10.08 million.
• Analysts have lowered their target prices for Lockheed Martin, with Robert W. Baird setting a new target of $500, and UBS Group at $453, indicating a cautious outlook.
• Lockheed Martin announced a quarterly dividend of $3.30 per share, reflecting a 3.0% dividend yield, with a payout ratio of 74.32%.

Level Four Advisory Services LLC lifted its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 10.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,564 shares of the aerospace company's stock after purchasing an additional 2,186 shares during the period. Level Four Advisory Services LLC's holdings in Lockheed Martin were worth $10,080,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in 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 acquiring an additional 560,457 shares in the last quarter. Northern Trust Corp lifted its holdings in Lockheed Martin by 6.3% during the fourth quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock worth $1,098,667,000 after acquiring an additional 134,662 shares in the last quarter. Invesco Ltd. lifted its holdings in Lockheed Martin by 0.6% during the first quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock worth $958,116,000 after acquiring an additional 12,899 shares in the last quarter. GAMMA Investing LLC lifted its holdings in 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 acquiring an additional 1,986,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Lockheed Martin by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company's stock worth $580,317,000 after acquiring an additional 24,512 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Down 0.3%

Shares of LMT traded down $1.4680 during midday trading on Friday, hitting $445.7320. The stock had a trading volume of 1,889,568 shares, compared to its average volume of 1,705,822. The company has a 50 day simple moving average of $448.65 and a two-hundred day simple moving average of $456.34. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The firm has a market cap of $104.06 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 1.57 and a beta of 0.27. 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 released its earnings results 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 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%.Lockheed Martin's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be given 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 dividend yield of 3.0%. Lockheed Martin's payout ratio is currently 74.32%.

Analysts Set New Price Targets

LMT has been the topic of several recent analyst reports. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the stock a "market perform" rating in a report on Monday, July 14th. Robert W. Baird reduced their target price on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Jefferies Financial Group dropped their price target on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $506.35.

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.