Martingale Asset Management L P Has $24.05 Million Stock Position in Lockheed Martin Corporation $LMT

Key Points

• Martingale Asset Management L P reduced its holdings in Lockheed Martin by 3.6%, selling 2,029 shares and retaining a total of 53,840 shares valued at approximately $24 million.
• Various hedge funds have shifted their positions in Lockheed Martin; notably, T. Rowe Price Investment Management increased its stake by over 17,500% in the first quarter.
• Lockheed Martin recently announced a $3.30 quarterly dividend with an annualized yield of 3.0%, set to be paid to shareholders on September 26th.

Martingale Asset Management L P lowered its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,840 shares of the aerospace company's stock after selling 2,029 shares during the quarter. Martingale Asset Management L P's holdings in Lockheed Martin were worth $24,051,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eagle Capital Management LLC boosted its stake in Lockheed Martin by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock worth $5,261,000 after buying an additional 32 shares during the last quarter. Brighton Jones LLC increased its position in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after purchasing an additional 191 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in shares of Lockheed Martin by 56.6% in the 4th quarter. Pinebridge Investments L.P. now owns 129,788 shares of the aerospace company's stock valued at $63,069,000 after purchasing an additional 46,933 shares during the last quarter. MGO One Seven LLC grew its stake in shares of Lockheed Martin by 15.5% during the 4th quarter. MGO One Seven LLC now owns 8,714 shares of the aerospace company's stock valued at $4,235,000 after buying an additional 1,172 shares during the period. Finally, Oxford Wealth Group LLC increased its holdings in shares of Lockheed Martin by 4.7% during the 4th quarter. Oxford Wealth Group LLC now owns 2,099 shares of the aerospace company's stock worth $1,020,000 after buying an additional 95 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. UBS Group reduced their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. lowered their price target on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Cowen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Finally, TD Cowen reissued a "hold" rating and set a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $506.35.

Lockheed Martin Stock Down 0.3%

LMT stock traded down $1.4680 during mid-day trading on Friday, hitting $445.7320. 1,889,568 shares of the company were exchanged, compared to its average volume of 1,705,822. The company has a market capitalization of $104.06 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 1.57 and a beta of 0.27. The firm has a fifty day simple moving average of $448.65 and a 200 day simple moving average of $456.34. 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 Corporation has a twelve month low of $410.11 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same period last year, the company earned $7.11 earnings per share. The firm'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 forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued 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 yield of 3.0%. Lockheed Martin's dividend payout ratio (DPR) is 74.32%.

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.