Quotient Wealth Partners LLC Buys 3,289 Shares of Lockheed Martin Corporation $LMT

Key Points

• Quotient Wealth Partners LLC increased its stake in Lockheed Martin Corporation by 108.3%, now owning a total of 6,325 shares valued at approximately $2.93 million.
• Lockheed Martin recently announced a dividend increase to $3.45 per share, up from $3.30, leading to an annualized dividend yield of 2.8%.
• The company reported a quarterly earnings per share (EPS) of $7.29, exceeding analyst expectations, while its revenue for the quarter was slightly below consensus estimates at $18.16 billion.

Quotient Wealth Partners LLC increased its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 108.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,325 shares of the aerospace company's stock after purchasing an additional 3,289 shares during the quarter. Quotient Wealth Partners LLC's holdings in Lockheed Martin were worth $2,930,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of LMT. Charles Schwab Investment Management Inc. increased its position in shares of Lockheed Martin by 7.5% during 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 purchasing an additional 560,457 shares during the last quarter. Nuveen LLC bought a new position in shares of Lockheed Martin during the 1st quarter valued at approximately $221,790,000. AQR Capital Management LLC increased its position in shares of Lockheed Martin by 76.7% during the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock valued at $361,045,000 after purchasing an additional 350,796 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Lockheed Martin by 17,506.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company's stock valued at $135,985,000 after purchasing an additional 302,684 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Lockheed Martin by 59.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company's stock valued at $333,859,000 after acquiring an additional 278,121 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

LMT opened at $495.24 on Friday. 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 business's fifty day simple moving average is $471.93 and its 200-day simple moving average is $464.69. The company has a market capitalization of $115.62 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 1.74 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted 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. 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 company earned $7.11 EPS. The business's revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a dividend of $3.45 per share. This is an increase from Lockheed Martin's previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. Lockheed Martin's dividend payout ratio (DPR) is currently 74.32%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LMT. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the company a "market perform" rating in a research report on Monday, July 14th. UBS Group cut their price objective on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Truist Financial upped their price objective on Lockheed Martin from $440.00 to $500.00 and gave the company a "hold" rating in a research report on Wednesday. Cowen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the company a "hold" rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $510.29.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.