IFM Investors Pty Ltd Buys 8,227 Shares of Lockheed Martin Corporation $LMT

Key Points

• IFM Investors Pty Ltd increased its holdings in Lockheed Martin Corporation by 117.9%, acquiring an additional 8,227 shares, bringing their total to 15,206 shares valued at approximately $7.04 million.
• Lockheed Martin reported a Q2 EPS of $7.29, exceeding analyst expectations of $6.57, while having a net revenue of $18.16 billion which slightly missed estimates.
• A quarterly dividend of $3.30 has been declared by Lockheed Martin, representing an annualized yield of 2.8%, with an ex-dividend date set for September 2nd.

IFM Investors Pty Ltd increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 117.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,206 shares of the aerospace company's stock after acquiring an additional 8,227 shares during the quarter. IFM Investors Pty Ltd's holdings in Lockheed Martin were worth $7,043,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OMNI 360 Wealth Inc. grew its holdings in Lockheed Martin by 2.5% in the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock valued at $408,000 after buying an additional 22 shares in the last quarter. 49 Wealth Management LLC grew its holdings in Lockheed Martin by 3.4% in the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock valued at $295,000 after buying an additional 22 shares in the last quarter. Tyler Stone Wealth Management grew its holdings in Lockheed Martin by 3.3% in the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock valued at $306,000 after buying an additional 22 shares in the last quarter. Tealwood Asset Management Inc. grew its holdings in 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 buying an additional 23 shares in the last quarter. Finally, Southland Equity Partners LLC grew its holdings in Lockheed Martin by 3.1% in the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock valued at $342,000 after buying an additional 23 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.3%

Shares of LMT stock traded up $1.29 during mid-day trading on Tuesday, reaching $481.68. 470,244 shares of the stock traded hands, compared to its average volume of 1,634,980. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The company has a market cap of $112.45 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 1.66 and a beta of 0.26. The stock's fifty day simple moving average is $447.32 and its two-hundred day simple moving average is $459.12.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data 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. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same period last year, the company earned $7.11 earnings per share. The firm'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. On average, research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be given 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 (DPR) is 74.32%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Vertical Research reaffirmed a "hold" rating and issued a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. Truist Financial lowered Lockheed Martin from a "buy" rating to a "hold" rating and reduced their target price for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. Cowen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. 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. Finally, UBS Group reduced their target price on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. One 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 stock. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of "Hold" and an average target price of $494.00.

Lockheed Martin Company 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.