Lockheed Martin Corporation $LMT Shares Sold by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp has reduced its stake in Lockheed Martin Corporation (NYSE:LMT) by 13.7%, selling 1,098 shares during the 1st quarter.
• Lockheed Martin reported an EPS of $7.29 for the last quarter, exceeding the consensus estimate of $6.57, and set its FY 2025 guidance at $21.700-22.000 EPS.
• The company declared a quarterly dividend of $3.30 per share, which is set to be paid on September 26th, representing a yield of 2.9%.

OMERS ADMINISTRATION Corp lessened its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 13.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,896 shares of the aerospace company's stock after selling 1,098 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Lockheed Martin were worth $3,081,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. TruNorth Capital Management LLC purchased a new position in shares of Lockheed Martin during the 1st quarter worth about $31,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin in the fourth quarter valued at approximately $35,000. Banque Transatlantique SA purchased a new stake in Lockheed Martin in the fourth quarter valued at approximately $43,000. EQ Wealth Advisors LLC purchased a new stake in Lockheed Martin in the first quarter valued at approximately $43,000. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new stake in Lockheed Martin in the first quarter valued at approximately $45,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LMT. Cowen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the company a "market perform" rating in a report on Monday, July 14th. Bank of America lowered their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a report on Thursday, August 21st. Finally, Susquehanna decreased their price objective on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of "Hold" and a consensus target price of $494.00.

Lockheed Martin Stock Down 0.8%

Shares of NYSE LMT traded down $3.59 during trading on Wednesday, reaching $448.91. 1,078,714 shares of the stock were exchanged, compared to its average volume of 1,659,027. The business's 50-day moving average price is $446.49 and its 200 day moving average price is $456.95. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. 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 capitalization of $104.81 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 1.60 and a beta of 0.26.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.57 by $0.72. The business had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business's revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company 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. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.9%. Lockheed Martin's dividend payout ratio is presently 74.32%.

Lockheed Martin Company 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.