UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Raises Stock Position in Lockheed Martin Corporation $LMT

Key Points

• UBS AM increased its stake in Lockheed Martin Corporation by 0.4% during the 1st quarter, owning approximately 482,678 shares valued at $215.6 million.
• Lockheed Martin reported earnings of $7.29 per share for the last quarter, exceeding analysts' expectations, and has set its FY 2025 guidance at $21.70-$22.00 EPS.
• The company recently declared a $3.30 quarterly dividend, reflecting an annualized yield of 2.8% and a payout ratio of 74.32%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 482,678 shares of the aerospace company's stock after buying an additional 1,954 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.21% of Lockheed Martin worth $215,617,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of 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 valued at $889,593,000 after acquiring an additional 1,986,600 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 acquiring an additional 560,457 shares during the period. Nuveen LLC acquired a new position in shares of Lockheed Martin in the 1st quarter valued at $221,790,000. AQR Capital Management LLC increased its holdings in shares of Lockheed Martin by 76.7% in the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock valued at $361,045,000 after acquiring an additional 350,796 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of Lockheed Martin by 17,506.3% in 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 acquiring an additional 302,684 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

Shares of LMT opened at $470.29 on Friday. 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 1 year low of $410.11 and a 1 year high of $618.95. The stock has a market capitalization of $109.79 billion, a P/E ratio of 26.48, a P/E/G ratio of 1.63 and a beta of 0.26. The company's fifty day moving average is $446.23 and its two-hundred day moving average is $458.06.

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 for the quarter, topping analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business had revenue of $18.16 billion for the quarter, compared to analysts' expectations of $18.59 billion. During the same period in the prior year, the company posted $7.11 EPS. The business's revenue for the quarter was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.8%. Lockheed Martin's dividend payout ratio is 74.32%.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of recent research reports. Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the company a "market perform" rating in a report on Monday, July 14th. Robert W. Baird cut their target price on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. TD Cowen reaffirmed a "hold" rating and issued a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. 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 on the stock in a report on Wednesday, July 23rd. Finally, Bank of America dropped their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus 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.

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