MBB Public Markets I LLC Acquires New Stake in Lockheed Martin Corporation $LMT

Key Points

• MBB Public Markets I LLC invested approximately $292,000 in Lockheed Martin, acquiring 654 shares in the first quarter.
• The aerospace company reported $7.29 EPS for its latest quarter, surpassing expectations of $6.57, but revenue fell short of projections at $18.16 billion.
• Lockheed Martin recently declared a $3.30 quarterly dividend, with a dividend yield of 2.8%, to be paid on September 26th.

MBB Public Markets I LLC acquired a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 654 shares of the aerospace company's stock, valued at approximately $292,000.

Several other institutional investors and hedge funds have also modified their holdings of LMT. 49 Wealth Management LLC increased its position in shares of Lockheed Martin by 3.4% during the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock valued at $295,000 after purchasing an additional 22 shares during the last quarter. OMNI 360 Wealth Inc. increased its position in shares of Lockheed Martin by 2.5% during the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock valued at $408,000 after purchasing an additional 22 shares during the last quarter. Tyler Stone Wealth Management boosted its holdings in Lockheed Martin by 3.3% during the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock valued at $306,000 after acquiring an additional 22 shares during the period. Tealwood Asset Management Inc. boosted its holdings in Lockheed Martin by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after acquiring an additional 23 shares during the period. Finally, Southland Equity Partners LLC boosted its holdings in Lockheed Martin by 3.1% during the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock valued at $342,000 after acquiring an additional 23 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LMT shares. JPMorgan Chase & Co. dropped their target price on 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 Lockheed Martin and gave the company a "market perform" rating in a report on Monday, July 14th. Cowen cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Royal Bank Of Canada dropped their target price on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. Finally, Susquehanna dropped their target price on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $494.00.

Lockheed Martin Trading Up 0.1%

NYSE LMT traded up $0.37 on Friday, hitting $471.10. The company's stock had a trading volume of 1,040,999 shares, compared to its average volume of 1,324,107. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The company's 50-day simple moving average is $446.39 and its 200 day simple moving average is $458.33. The firm has a market cap of $109.98 billion, a P/E ratio of 26.53, a PEG ratio of 1.66 and a beta of 0.26.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data 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 business had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. During the same quarter last year, the business posted $7.11 EPS. The business's revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be given a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.8%. Lockheed Martin's dividend payout ratio is currently 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.