Pallas Capital Advisors LLC lifted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 32.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,568 shares of the aerospace company's stock after buying an additional 882 shares during the period. Pallas Capital Advisors LLC's holdings in Lockheed Martin were worth $1,652,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. TruNorth Capital Management LLC bought a new stake in shares of Lockheed Martin during the 1st quarter valued at $31,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin during the 4th quarter worth approximately $35,000. EQ Wealth Advisors LLC purchased a new stake in Lockheed Martin during the 1st quarter valued at $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new position in Lockheed Martin during the 1st quarter valued at about $45,000. Finally, McIlrath & Eck LLC grew its stake in shares of Lockheed Martin by 161.0% in the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock worth $48,000 after acquiring an additional 66 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.
Lockheed Martin Price Performance
NYSE LMT traded down $0.70 on Friday, hitting $472.92. The stock had a trading volume of 2,839,060 shares, compared to its average volume of 1,287,031. The firm has a 50-day moving average of $447.18 and a 200-day moving average of $459.09. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The company has a market capitalization of $110.41 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 1.66 and a beta of 0.26. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95.
Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (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 revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.
Lockheed Martin Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 74.32%.
Analyst Ratings Changes
LMT has been the topic of a number of analyst reports. Royal Bank Of Canada cut their price objective on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 23rd. Vertical Research reaffirmed a "hold" rating and issued a $460.00 target price on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Alembic Global Advisors upgraded Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday, August 28th. UBS Group lowered their target price on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Finally, Susquehanna lowered their target price on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $494.00.
Read Our Latest Report on Lockheed Martin
About Lockheed Martin
(
Free Report)
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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