Quarry LP Boosts Holdings in Lockheed Martin Corporation $LMT

Key Points

• Quarry LP significantly increased its stake in Lockheed Martin by 412%, acquiring 1,236 shares, bringing its total holdings to 1,536 shares worth approximately $686,000.
• Lockheed Martin recently reported $7.29 earnings per share for the last quarter, surpassing estimates by $0.72, alongside a net margin of 5.85% and revenue of $18.16 billion.
• The company declared a quarterly dividend of $3.30 per share, with an annual yield of 2.9%, which will be paid to stockholders on September 26th.

Quarry LP increased its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 412.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,536 shares of the aerospace company's stock after purchasing an additional 1,236 shares during the quarter. Quarry LP's holdings in Lockheed Martin were worth $686,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC raised its position in Lockheed Martin by 41,104.9% during the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after acquiring an additional 1,986,600 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in shares of Lockheed Martin during the fourth quarter worth about $526,587,000. Leigh Baldwin & CO. LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth about $451,985,000. Charles Schwab Investment Management Inc. lifted its stake in 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 valued at $3,587,444,000 after buying an additional 560,457 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Lockheed Martin in the 1st quarter worth about $221,790,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 0.8%

Shares of Lockheed Martin stock traded down $3.74 during trading hours on Wednesday, hitting $448.76. The company's stock had a trading volume of 1,535,279 shares, compared to its average volume of 1,420,901. The stock has a market cap of $104.77 billion, a price-to-earnings ratio of 15.67, a P/E/G ratio of 1.60 and a beta of 0.26. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The firm has a fifty day moving average of $446.49 and a 200-day moving average of $456.95.

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

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a $3.30 dividend. 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 2.9%. Lockheed Martin's payout ratio is presently 74.32%.

Analyst Ratings Changes

A number of brokerages have commented on LMT. Royal Bank Of Canada reduced their target price on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. UBS Group dropped their price target on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the company a "market perform" rating in a report on Monday, July 14th. Wall Street Zen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Vertical Research reiterated a "hold" rating and issued a $460.00 target price on shares of Lockheed Martin in a research report on Tuesday, July 22nd. One equities research 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 company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $494.00.

About Lockheed Martin

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.