Natixis Advisors LLC Purchases 16,297 Shares of Lockheed Martin Corporation (NYSE:LMT)

Key Points

• Natixis Advisors LLC increased its ownership of Lockheed Martin Corporation by 16.8% in Q1, acquiring a total of 113,440 shares valued at approximately $50.68 million.
• Analysts have downgraded Lockheed Martin's price targets, with Wells Fargo lowering its target from $476 to $432, while others also reduced their estimates, leading to a consensus target price of $506.65.
• Lockheed Martin has announced a quarterly dividend of $3.30 per share, with an annualized yield of 3.1%, scheduled for payment on September 26th.

Natixis Advisors LLC boosted its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 16.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 113,440 shares of the aerospace company's stock after buying an additional 16,297 shares during the quarter. Natixis Advisors LLC's holdings in Lockheed Martin were worth $50,675,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PTM Wealth Management LLC bought a new position in shares of Lockheed Martin in the 1st quarter worth about $377,000. First American Bank increased its position in Lockheed Martin by 18.8% in the 1st quarter. First American Bank now owns 8,393 shares of the aerospace company's stock valued at $3,749,000 after buying an additional 1,327 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in Lockheed Martin in the 4th quarter valued at about $33,294,000. Cantor Fitzgerald Investment Advisors L.P. increased its position in Lockheed Martin by 18.6% in the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock valued at $7,652,000 after buying an additional 2,686 shares in the last quarter. Finally, State of Wyoming increased its position in Lockheed Martin by 93.9% in the 4th quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock valued at $541,000 after buying an additional 539 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Lockheed Martin stock traded down $0.01 during trading on Friday, hitting $420.97. The stock had a trading volume of 1,871,270 shares, compared to its average volume of 2,065,480. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year 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 stock's 50 day moving average is $460.68 and its two-hundred day moving average is $460.84. The stock has a market cap of $98.28 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 1.48 and a beta of 0.27.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data 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 return on equity of 107.60% and a net margin of 5.85%. The business had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the prior year, the business earned $7.11 earnings per share. Lockheed Martin's revenue for the quarter was up .2% on a year-over-year basis. As a group, analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 3.1%. Lockheed Martin's payout ratio is presently 74.32%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LMT. Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price for the company in a research report on Wednesday, April 16th. Jefferies Financial Group decreased their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company decreased their target price on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Royal Bank Of Canada decreased their target price on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 23rd. Finally, Truist Financial lowered Lockheed Martin from a "buy" rating to a "hold" rating and decreased their target price for the company from $554.00 to $440.00 in a research 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $506.65.

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.