Sciencast Management LP Purchases 4,636 Shares of Lockheed Martin Corporation $LMT

Key Points

• Sciencast Management LP increased its holdings in Lockheed Martin Corporation by 231.3% in Q1, now owning 6,640 shares valued at approximately $2.97 million.
• Recent analyst ratings have seen a mixed response, with price targets adjusted down; Bank of America set a new target of $480, while Alembic Global Advisors upgraded to an "overweight" rating.
• Lockheed Martin announced a quarterly dividend of $3.30 per share, which will be paid on September 26th, resulting in an annualized yield of 2.8%.

Sciencast Management LP lifted its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 231.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,640 shares of the aerospace company's stock after purchasing an additional 4,636 shares during the quarter. Sciencast Management LP's holdings in Lockheed Martin were worth $2,966,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LMT. Brighton Jones LLC boosted its stake in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after buying an additional 191 shares during the period. Ethic Inc. boosted its stake in Lockheed Martin by 34.8% during the fourth quarter. Ethic Inc. now owns 4,925 shares of the aerospace company's stock worth $2,393,000 after buying an additional 1,272 shares during the period. Focus Partners Wealth boosted its stake in Lockheed Martin by 4.8% during the fourth quarter. Focus Partners Wealth now owns 109,784 shares of the aerospace company's stock worth $55,267,000 after buying an additional 5,007 shares during the period. Gotham Asset Management LLC boosted its stake in Lockheed Martin by 11.2% during the fourth quarter. Gotham Asset Management LLC now owns 35,884 shares of the aerospace company's stock worth $17,437,000 after buying an additional 3,604 shares during the period. Finally, Guardian Wealth Advisors LLC NC boosted its stake in Lockheed Martin by 15.1% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 1,367 shares of the aerospace company's stock worth $664,000 after buying an additional 179 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Up 1.4%

Shares of LMT stock traded up $6.45 on Wednesday, hitting $463.51. The stock had a trading volume of 1,076,230 shares, compared to its average volume of 1,652,025. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The business has a 50 day moving average price of $446.08 and a 200 day moving average price of $457.80. The company has a market cap of $108.21 billion, a PE ratio of 26.10, a P/E/G ratio of 1.61 and a beta of 0.26. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm's quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio is presently 74.32%.

Analysts Set New Price Targets

Several research analysts have commented on LMT shares. Alembic Global Advisors raised shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. lowered their target price 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. Susquehanna lowered their target price on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research note on Wednesday, July 23rd. Truist Financial lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and lowered their target price for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Finally, Robert W. Baird lowered their target price on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" 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 given a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of "Hold" and an average target price 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.