BNP Paribas Financial Markets Has $219.12 Million Stake in Lockheed Martin Corporation $LMT

Key Points

• BNP Paribas Financial Markets increased its stake in Lockheed Martin by 9.1%, owning 490,524 shares valued at approximately $219.1 million by the end of the quarter.
• Several brokerages have lowered their price targets for Lockheed Martin, with JPMorgan reducing it from $520 to $465 and Truist cutting its rating from "buy" to "hold."
• Lockheed Martin recently announced a quarterly dividend of $3.30 per share, yielding about 2.9%, with a payout ratio of 74.32%.

BNP Paribas Financial Markets lifted its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 490,524 shares of the aerospace company's stock after acquiring an additional 40,974 shares during the period. BNP Paribas Financial Markets owned about 0.21% of Lockheed Martin worth $219,122,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Truvestments Capital LLC raised its position in shares of Lockheed Martin by 50.2% during the 1st quarter. Truvestments Capital LLC now owns 9,697 shares of the aerospace company's stock valued at $4,332,000 after acquiring an additional 3,240 shares in the last quarter. Avenir Corp raised its position in shares of Lockheed Martin by 2.5% during the 1st quarter. Avenir Corp now owns 73,641 shares of the aerospace company's stock valued at $32,896,000 after acquiring an additional 1,762 shares in the last quarter. RB Capital Management LLC raised its position in shares of Lockheed Martin by 0.8% during the 1st quarter. RB Capital Management LLC now owns 4,408 shares of the aerospace company's stock valued at $1,969,000 after acquiring an additional 36 shares in the last quarter. Ieq Capital LLC raised its position in shares of Lockheed Martin by 36.8% during the 1st quarter. Ieq Capital LLC now owns 18,301 shares of the aerospace company's stock valued at $8,175,000 after acquiring an additional 4,923 shares in the last quarter. Finally, TCM Advisors LLC raised its position in shares of Lockheed Martin by 11.0% during the 1st quarter. TCM Advisors LLC now owns 3,033 shares of the aerospace company's stock valued at $1,355,000 after acquiring an additional 300 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. 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 report on Wednesday, July 23rd. Susquehanna dropped their target price on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a research report on Wednesday, July 23rd. Truist Financial lowered Lockheed Martin from a "buy" rating to a "hold" rating and dropped their target price for the stock from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Alembic Global Advisors raised Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday. Finally, Robert W. Baird dropped 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. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of "Hold" and an average target price of $506.35.

Lockheed Martin Price Performance

LMT stock traded down $0.60 during trading hours on Friday, hitting $455.58. 1,371,987 shares of the stock traded hands, compared to its average volume of 1,498,310. The stock has a 50-day simple moving average of $446.99 and a 200 day simple moving average of $456.76. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The company has a market cap of $106.36 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.60 and a beta of 0.26. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The business had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. During the same quarter last year, the business posted $7.11 earnings per share. The company's quarterly revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

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 given a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.9%. Lockheed Martin's dividend payout ratio (DPR) 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.