Lockheed Martin Corporation $LMT Shares Sold by Aware Super Pty Ltd as trustee of Aware Super

Key Points

• Aware Super Pty Ltd reduced its holdings in Lockheed Martin by 22.0%, selling 11,569 shares in the second quarter, leaving it with 41,027 shares valued at approximately $19 million.
• Lockheed Martin reported $7.29 earnings per share in its latest quarterly results, surpassing analysts' expectations of $6.57, along with revenues of $18.16 billion.
• The company announced a quarterly dividend increase to $3.45, set to be paid on December 30th, reflecting a commitment to returning value to shareholders.

Aware Super Pty Ltd as trustee of Aware Super cut its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 22.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,027 shares of the aerospace company's stock after selling 11,569 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super's holdings in Lockheed Martin were worth $19,001,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of LMT. Charles Schwab Investment Management Inc. increased its position in Lockheed Martin by 7.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock worth $3,587,444,000 after buying an additional 560,457 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Lockheed Martin in the first quarter valued at $221,790,000. AQR Capital Management LLC boosted its stake in shares of Lockheed Martin by 76.7% during the first quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock valued at $361,045,000 after acquiring an additional 350,796 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in Lockheed Martin by 17,506.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company's stock worth $135,985,000 after purchasing an additional 302,684 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Lockheed Martin by 59.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company's stock worth $333,859,000 after purchasing an additional 278,121 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 1.2%

LMT stock opened at $499.17 on Thursday. 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 $116.54 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 1.78 and a beta of 0.28. The business has a fifty day simple moving average of $469.31 and a 200-day simple moving average of $464.06. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95.

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 (EPS) for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. The firm had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be issued a $3.45 dividend. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a yield of 2.8%. Lockheed Martin's payout ratio is 77.70%.

Wall Street Analyst Weigh In

LMT has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Truist Financial upped their price objective on shares of Lockheed Martin from $440.00 to $500.00 and gave the company a "hold" rating in a research note on Wednesday. The Goldman Sachs Group raised their target price on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a "sell" rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft set a $519.00 price target on Lockheed Martin and gave the company a "hold" rating in a report on Wednesday, October 8th. Finally, Cowen cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $510.29.

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.

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