Lockheed Martin Corporation $LMT Shares Bought by Empowered Funds LLC

Key Points

• Empowered Funds LLC increased its stake in Lockheed Martin by 21.2%, acquiring a total of 40,380 shares worth approximately $18 million.
• Lockheed Martin reported earnings of $7.29 per share for the last quarter, beating analysts' expectations, while also declaring a quarterly dividend of $3.30 per share.
• Institutional investors hold 74.19% of Lockheed Martin's stock, with multiple funds significantly increasing their positions during the first quarter.

Empowered Funds LLC grew its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 21.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 40,380 shares of the aerospace company's stock after acquiring an additional 7,052 shares during the period. Empowered Funds LLC's holdings in Lockheed Martin were worth $18,038,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of LMT. GAMMA Investing LLC lifted its position in shares of Lockheed Martin by 41,104.9% during the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after acquiring an additional 1,986,600 shares during the last quarter. Leigh Baldwin & CO. LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter valued at $451,985,000. Charles Schwab Investment Management Inc. lifted its position in shares of Lockheed Martin by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock valued at $3,587,444,000 after acquiring an additional 560,457 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Lockheed Martin during the 1st quarter valued at $221,790,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Lockheed Martin by 76.7% in the first quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock valued at $361,045,000 after purchasing an additional 350,796 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Trading Down 1.1%

NYSE LMT opened at $458.81 on Tuesday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The company has a market capitalization of $107.11 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 1.63 and a beta of 0.26. The firm's fifty day simple moving average is $446.25 and its 200-day simple moving average is $457.81.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted 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. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same period in the prior year, the business posted $7.11 earnings per share. Lockheed Martin's revenue for the quarter was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be paid 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 2.9%. Lockheed Martin's dividend payout ratio is 74.32%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LMT shares. Wall Street Zen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. 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 for the company in a report on Wednesday, July 23rd. UBS Group reduced their target price on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada reduced their target price on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. One research 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 company's stock. According to data from MarketBeat, Lockheed Martin has a consensus 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.

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