Carderock Capital Management Inc. Grows Stake in Lockheed Martin Corporation $LMT

Key Points

• Carderock Capital Management Inc. increased its stake in Lockheed Martin by 11.7%, owning a total of 9,272 shares valued at approximately $4.29 million.
• Lockheed Martin reported quarterly earnings of $7.29 per share, exceeding estimates, along with a net margin of 5.85% and revenue of $18.16 billion.
• The company declared a quarterly dividend of $3.30 per share, providing a yield of 2.8%, with a payout ratio of 74.32%.

Carderock Capital Management Inc. increased its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 11.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,272 shares of the aerospace company's stock after buying an additional 970 shares during the quarter. Carderock Capital Management Inc.'s holdings in Lockheed Martin were worth $4,294,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. TruNorth Capital Management LLC purchased a new stake in Lockheed Martin in the first quarter valued at $31,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at $35,000. EQ Wealth Advisors LLC acquired a new position in Lockheed Martin during the 1st quarter worth $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in Lockheed Martin during the 1st quarter worth $45,000. Finally, McIlrath & Eck LLC grew its stake in Lockheed Martin by 161.0% during the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock worth $48,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

Shares of LMT stock traded down $0.70 during trading hours on Friday, reaching $472.92. 2,839,060 shares of the company's stock were exchanged, compared to its average volume of 1,287,031. The company has a market cap of $110.41 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 1.67 and a beta of 0.26. The company's 50 day moving average is $447.18 and its two-hundred day moving average is $459.10. 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.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share 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 analysts' expectations of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company's revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company 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. This represents a $13.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is 74.32%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LMT shares. Royal Bank Of Canada lowered their price objective on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 23rd. Vertical Research reaffirmed a "hold" rating and set a $460.00 price objective on shares of Lockheed Martin in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. lowered their price objective on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the company a "market perform" rating in a report on Monday, July 14th. Finally, Robert W. Baird reduced their target price on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $494.00.

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.