Marathon Trading Investment Management LLC Purchases 6,200 Shares of Lockheed Martin Corporation (NYSE:LMT)

Key Points

• Marathon Trading Investment Management LLC increased its holdings in Lockheed Martin by 155.0%, now owning 10,200 shares valued at approximately $4.56 million.
• Lockheed Martin reported $7.29 earnings per share for the last quarter, surpassing analysts' expectations, with a total revenue of $18.16 billion.
• The company declared a quarterly dividend of $3.30 per share, translating to an annualized yield of 3.0%, with a payout ratio of 74.32%.

Marathon Trading Investment Management LLC boosted its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 155.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,200 shares of the aerospace company's stock after purchasing an additional 6,200 shares during the quarter. Lockheed Martin comprises 0.6% of Marathon Trading Investment Management LLC's investment portfolio, making the stock its 15th biggest position. Marathon Trading Investment Management LLC's holdings in Lockheed Martin were worth $4,556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tacita Capital Inc lifted its stake in Lockheed Martin by 28.7% in the 1st quarter. Tacita Capital Inc now owns 112 shares of the aerospace company's stock worth $50,000 after purchasing an additional 25 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Lockheed Martin by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company's stock worth $580,317,000 after purchasing an additional 24,512 shares in the last quarter. Horizon Investments LLC lifted its stake in Lockheed Martin by 3.7% in the 1st quarter. Horizon Investments LLC now owns 4,133 shares of the aerospace company's stock worth $1,846,000 after purchasing an additional 147 shares in the last quarter. Azimuth Capital Investment Management LLC lifted its stake in Lockheed Martin by 1.4% in the 1st quarter. Azimuth Capital Investment Management LLC now owns 10,905 shares of the aerospace company's stock worth $4,871,000 after purchasing an additional 146 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Lockheed Martin in the 1st quarter worth approximately $302,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LMT has been the topic of a number of research analyst reports. Royal Bank Of Canada decreased their price target on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. UBS Group decreased their price target 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. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the stock a "market perform" rating in a report on Monday, July 14th. Truist Financial lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price target for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Fifteen research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Lockheed Martin has an average rating of "Hold" and an average price target of $506.65.

Lockheed Martin Trading Up 0.1%

Shares of LMT stock traded up $0.46 on Friday, hitting $437.78. 1,500,331 shares of the company's stock traded hands, compared to its average volume of 2,393,762. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The company's fifty day simple moving average is $451.63 and its 200 day simple moving average is $456.76. The stock has a market capitalization of $102.20 billion, a price-to-earnings ratio of 24.65, a P/E/G ratio of 1.54 and a beta of 0.27.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its 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 company had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same quarter last year, the firm earned $7.11 EPS. The firm's quarterly revenue was up .2% compared to the same quarter last year. Equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared 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. This represents a $13.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. 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.