Lockheed Martin Corporation $LMT Shares Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP significantly increased its holdings in Lockheed Martin by 208.5% during the first quarter, owning 53,968 shares valued at approximately $24.1 million.
• Analysts have mixed views on Lockheed Martin, with target prices ranging from $460.00 to $551.00, and an average rating of Hold based on a consensus price target of $506.35.
• Lockheed Martin announced a quarterly dividend of $3.30 per share, which corresponds to an annualized divident yield of 2.9%, scheduled for payment on September 26th.

Trexquant Investment LP boosted its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 208.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,968 shares of the aerospace company's stock after buying an additional 36,472 shares during the period. Trexquant Investment LP's holdings in Lockheed Martin were worth $24,108,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of LMT. GAMMA Investing LLC lifted its position in Lockheed Martin by 41,104.9% in the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after purchasing an additional 1,986,600 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter worth approximately $526,587,000. Leigh Baldwin & CO. LLC purchased a new position in shares of Lockheed Martin during the 4th quarter worth approximately $451,985,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Lockheed Martin by 7.5% in 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 buying an additional 560,457 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Lockheed Martin in the first quarter valued at approximately $221,790,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

Shares of LMT stock traded down $0.60 during mid-day trading on Friday, reaching $455.58. The stock had a trading volume of 1,371,987 shares, compared to its average volume of 1,529,966. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The company has a market cap of $106.36 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 1.60 and a beta of 0.27. The business has a 50-day simple moving average of $446.99 and a 200 day simple moving average of $456.60. 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 quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating 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 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 business's revenue for the quarter was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. 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 (DPR) is presently 74.32%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LMT. Vertical Research reiterated a "hold" rating and issued a $460.00 price objective on shares of Lockheed Martin in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. decreased their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Robert W. Baird decreased their target price on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Truist Financial lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and decreased their target price for the stock from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Finally, Wall Street Zen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, Lockheed Martin presently has an average rating of "Hold" and an average target price 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.