Lockheed Martin Corporation $LMT Shares Sold by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management LLC cut its Lockheed Martin stake by 73.4% in the second quarter, selling 13,725 shares and retaining 4,974 shares valued at approximately $2.5 million.
• Analysts have a consensus “Hold” rating on LMT, with a consensus price target of $632.39; ratings include one Strong Buy, seven Buys, ten Holds and one Sell.
• Lockheed Martin exceeded quarterly expectations with $7.94 in earnings per share and $20.06 billion in revenue, while announcing a quarterly dividend of $3.45 per share, equivalent to a 2.4% annual yield.

Quantitative Investment Management LLC trimmed its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 73.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,974 shares of the aerospace company's stock after selling 13,725 shares during the period. Quantitative Investment Management LLC's holdings in Lockheed Martin were worth $2,534,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of LMT. BlackRock Inc. acquired a new stake in Lockheed Martin in the 2nd quarter worth about $9,617,574,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Lockheed Martin by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company's stock valued at $4,178,399,000 after acquiring an additional 114,900 shares during the last quarter. Corient Private Wealth LP acquired a new position in shares of Lockheed Martin during the second quarter valued at approximately $101,960,000. Morgan Stanley lifted its position in shares of Lockheed Martin by 10.1% in the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company's stock valued at $2,770,729,000 after acquiring an additional 527,523 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Lockheed Martin by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company's stock valued at $807,866,000 after acquiring an additional 10,349 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

LMT has been the subject of several research reports. Robert W. Baird set a $700.00 price target on Lockheed Martin in a research report on Friday, July 24th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Lockheed Martin in a research note on Friday, May 29th. Jefferies Financial Group reiterated a "hold" rating on shares of Lockheed Martin in a research report on Sunday, July 26th. TD Cowen lowered their price target on shares of Lockheed Martin from $600.00 to $560.00 and set a "hold" rating on the stock in a research report on Monday, July 13th. Finally, Royal Bank Of Canada upped their price objective on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a "sector perform" rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $632.39.

Lockheed Martin Trading Down 0.0%

Shares of Lockheed Martin stock opened at $563.82 on Monday. The stock has a 50 day moving average of $551.70 and a 200 day moving average of $573.30. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The firm has a market capitalization of $130.12 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating analysts' consensus estimates of $7.22 by $0.72. The company had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, research analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin's dividend payout ratio (DPR) is 50.87%.

Lockheed Martin Company Profile

Lockheed Martin Corporation NYSE: LMT is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin's product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.

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