Truvestments Capital LLC Has $4.33 Million Position in Lockheed Martin Corporation $LMT

Key Points

• Truvestments Capital LLC has increased its stake in Lockheed Martin Corporation by 50.2%, acquiring an additional 3,240 shares, bringing their total holdings to 9,697 shares worth approximately $4.33 million.
• Lockheed Martin reported $7.29 earnings per share for the last quarter, surpassing analysts' expectations of $6.57, and announced a quarterly dividend of $3.30 per share.
• Several investment firms have adjusted their price targets for Lockheed Martin, with a consensus target of $506.35 and ratings ranging from "Strong Buy" to "Hold."

Truvestments Capital LLC increased its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 50.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,697 shares of the aerospace company's stock after acquiring an additional 3,240 shares during the period. Lockheed Martin makes up about 0.9% of Truvestments Capital LLC's investment portfolio, making the stock its 29th largest position. Truvestments Capital LLC's holdings in Lockheed Martin were worth $4,332,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Lockheed Martin by 7.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock worth $3,587,444,000 after acquiring an additional 560,457 shares during the period. Northern Trust Corp increased its stake in Lockheed Martin by 6.3% in the 4th quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock worth $1,098,667,000 after purchasing an additional 134,662 shares in the last quarter. Invesco Ltd. increased its stake in Lockheed Martin by 0.6% in the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock worth $958,116,000 after purchasing an additional 12,899 shares in the last quarter. GAMMA Investing LLC increased its stake in Lockheed Martin by 41,104.9% in the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after purchasing an additional 1,986,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Lockheed Martin by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company's stock worth $580,317,000 after purchasing an additional 24,512 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 0.1%

Shares of NYSE LMT traded down $0.60 during trading hours on Friday, hitting $455.58. The stock had a trading volume of 1,371,987 shares, compared to its average volume of 1,529,966. The firm's 50-day moving average price is $446.99 and its two-hundred day moving average price is $456.50. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The company has a market capitalization of $106.36 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.61 and a beta of 0.27. 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 (NYSE:LMT - Get Free Report) last issued 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 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 for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced 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 yield of 2.9%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio is 74.32%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LMT shares. TD Cowen reissued a "hold" rating and issued a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Bank of America dropped their price target on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research note on Thursday, August 21st. Alembic Global Advisors raised Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday. Wall Street Zen cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Robert W. Baird dropped their price target on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $506.35.

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.