706 Shares in Lockheed Martin Corporation $LMT Purchased by Qtron Investments LLC

Key Points

• Qtron Investments LLC acquired a new position in Lockheed Martin, purchasing 706 shares valued at approximately $315,000 during the first quarter.
• Lockheed Martin reported earnings per share of $7.29 for the last quarter, exceeding expectations of $6.57, and set a FY 2025 EPS guidance of 21.700-22.000.
• The company declared a quarterly dividend of $3.30 per share, with an annual yield of 3.0%, to be paid on September 26th.

Qtron Investments LLC acquired a new stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 706 shares of the aerospace company's stock, valued at approximately $315,000.

A number of other institutional investors have also added to or reduced their stakes in LMT. Eagle Capital Management LLC grew its holdings in shares of Lockheed Martin by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock valued at $5,261,000 after purchasing an additional 32 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after purchasing an additional 191 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Lockheed Martin by 2.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 22,143 shares of the aerospace company's stock valued at $10,760,000 after purchasing an additional 623 shares in the last quarter. Pinebridge Investments L.P. grew its holdings in shares of Lockheed Martin by 56.6% in the fourth quarter. Pinebridge Investments L.P. now owns 129,788 shares of the aerospace company's stock valued at $63,069,000 after purchasing an additional 46,933 shares in the last quarter. Finally, MGO One Seven LLC grew its holdings in shares of Lockheed Martin by 15.5% in the fourth quarter. MGO One Seven LLC now owns 8,714 shares of the aerospace company's stock valued at $4,235,000 after purchasing an additional 1,172 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on LMT shares. Royal Bank Of Canada cut their target price on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. Robert W. Baird cut their target price on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. UBS Group dropped their price objective on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Finally, Vertical Research reaffirmed a "hold" rating and set a $460.00 price objective on shares of Lockheed Martin in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and fourteen have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $506.35.

Lockheed Martin Trading Down 0.3%

Shares of LMT traded down $1.4680 during trading hours on Friday, reaching $445.7320. 1,889,568 shares of the company traded hands, compared to its average volume of 1,705,822. The firm has a market cap of $104.06 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 1.57 and a beta of 0.27. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month 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 stock's fifty day moving average price is $448.65 and its 200 day moving average price is $456.29.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. The firm had revenue of $18.16 billion during 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 business's revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

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 paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's 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.