Lockheed Martin Corporation $LMT Stake Lessened by Jump Financial LLC

Key Points

• Jump Financial LLC significantly reduced its stake in Lockheed Martin by 93.3%, selling 48,301 shares and retaining only 3,445 shares valued at approximately $1.54 million.
• Lockheed Martin reported earnings of $7.29 per share for Q2, exceeding estimates, while revenue was slightly below estimates at $18.16 billion.
• The company declared a quarterly dividend of $3.30 per share, translating to an annual yield of 2.9%, with a current payout ratio of 74.32%.

Jump Financial LLC lowered its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 93.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,445 shares of the aerospace company's stock after selling 48,301 shares during the quarter. Jump Financial LLC's holdings in Lockheed Martin were worth $1,539,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in LMT. TruNorth Capital Management LLC acquired a new stake in shares of Lockheed Martin during the first quarter worth $31,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin in the 4th quarter worth $35,000. Banque Transatlantique SA bought a new position in Lockheed Martin during the fourth quarter worth about $43,000. EQ Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin in the first quarter valued at about $43,000. Finally, Ritter Daniher Financial Advisory LLC DE acquired a new position in Lockheed Martin during the first quarter worth approximately $45,000. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Down 0.2%

Shares of LMT stock traded down $0.88 during trading on Tuesday, reaching $451.45. The company's stock had a trading volume of 714,880 shares, compared to its average volume of 1,657,692. 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 Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The company has a market capitalization of $105.40 billion, a price-to-earnings ratio of 25.40, a P/E/G ratio of 1.60 and a beta of 0.26. The stock's 50-day moving average price is $446.65 and its 200 day moving average price is $456.99.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the prior year, the firm earned $7.11 EPS. Lockheed Martin'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, research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio is currently 74.32%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LMT. TD Cowen reiterated a "hold" rating and set a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. JPMorgan Chase & Co. lowered their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Royal Bank Of Canada decreased their price objective on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 23rd. Robert W. Baird reduced their price target 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. Finally, Truist Financial downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and lowered their price objective for the company from $554.00 to $440.00 in a research report on Wednesday, July 23rd. One investment 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $506.35.

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.