Nearwater Capital Markets Ltd Takes $11.17 Million Position in Lockheed Martin Corporation $LMT

Key Points

• Nearwater Capital Markets Ltd has acquired a new stake in Lockheed Martin, purchasing 25,000 shares valued at approximately $11.17 million in the first quarter.
• Lockheed Martin's stock price opened at $456.05, with a market capitalization of $106.47 billion and a recent EPS of $7.29 that surpasses expectations.
• The company declared a quarterly dividend of $3.30 per share, reflecting a 2.9% dividend yield, scheduled for payment on September 26th.

Nearwater Capital Markets Ltd bought a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 25,000 shares of the aerospace company's stock, valued at approximately $11,168,000.

A number of other large investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Lockheed Martin by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock worth $3,587,444,000 after buying an additional 560,457 shares during the last quarter. Royal Bank of Canada grew its holdings in Lockheed Martin by 1.4% during the 1st quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company's stock valued at $1,021,846,000 after purchasing an additional 31,443 shares during the last quarter. Invesco Ltd. grew its holdings in Lockheed Martin by 0.6% during the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock valued at $958,116,000 after purchasing an additional 12,899 shares during the last quarter. GAMMA Investing LLC grew its holdings in Lockheed Martin by 41,104.9% during the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after purchasing an additional 1,986,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Lockheed Martin by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company's stock valued at $580,317,000 after purchasing an additional 24,512 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Trading Up 1.5%

Shares of NYSE:LMT traded up $6.83 during trading on Friday, reaching $463.68. 1,464,488 shares of the company were exchanged, compared to its average volume of 1,393,759. The firm has a market capitalization of $108.25 billion, a PE ratio of 26.11, a P/E/G ratio of 1.63 and a beta of 0.26. The business's fifty day simple moving average is $446.34 and its 200-day simple moving average is $457.69. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping analysts' consensus estimates of $6.57 by $0.72. The business had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business 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 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 dividend yield of 2.8%. Lockheed Martin's dividend payout ratio (DPR) is 74.32%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Truist Financial downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and cut their price target for the company from $554.00 to $440.00 in a report on Wednesday, July 23rd. Susquehanna cut their price target on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. Vertical Research reiterated a "hold" rating and set a $460.00 price target on shares of Lockheed Martin in a report on Tuesday, July 22nd. Wall Street Zen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the company a "market perform" rating in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $494.00.

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.