MQS Management LLC Trims Stake in Lockheed Martin Corporation $LMT

Key Points

• MQS Management LLC reduced its stake in Lockheed Martin by 28.7%, now holding 1,435 shares valued at approximately $665,000.
• Analysts have set varying price targets for Lockheed Martin, with averages around $513.47; one analyst rates it as a Strong Buy while others have issued Hold and Buy ratings.
• Lockheed Martin increased its quarterly dividend from $3.30 to $3.45, representing a 2.8% dividend yield.

MQS Management LLC cut its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 28.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,435 shares of the aerospace company's stock after selling 578 shares during the period. MQS Management LLC's holdings in Lockheed Martin were worth $665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in Lockheed Martin by 7.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock valued at $3,587,444,000 after purchasing an additional 560,457 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Lockheed Martin in the first quarter valued at $221,790,000. AQR Capital Management LLC raised its stake in shares of Lockheed Martin by 76.7% in the first quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock valued at $361,045,000 after acquiring an additional 350,796 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Lockheed Martin by 17,506.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company's stock valued at $135,985,000 after acquiring an additional 302,684 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Lockheed Martin by 59.3% in the first quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company's stock valued at $333,859,000 after acquiring an additional 278,121 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on LMT. Vertical Research reaffirmed a "hold" rating and issued a $460.00 price target on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Alembic Global Advisors raised shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. Deutsche Bank Aktiengesellschaft set a $519.00 price target on shares of Lockheed Martin and gave the company a "hold" rating in a report on Wednesday, October 8th. Truist Financial raised their price target on shares of Lockheed Martin from $440.00 to $500.00 and gave the company a "hold" rating in a report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. lowered 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. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of "Hold" and an average price target of $513.47.

Lockheed Martin Stock Performance

NYSE LMT traded down $2.46 on Friday, hitting $485.59. 1,367,228 shares of the company's stock traded hands, compared to its average volume of 1,325,616. The company has a current ratio of 1.13, a quick ratio of 0.83 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $112.37 billion, a PE ratio of 27.11, a P/E/G ratio of 1.61 and a beta of 0.28. The firm's 50-day moving average price is $477.51 and its two-hundred day moving average price is $466.37. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $576.43.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, beating the consensus estimate of $6.33 by $0.62. The firm had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The business's quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a dividend of $3.45 per share. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. Lockheed Martin's payout ratio is presently 77.05%.

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.

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