UniSuper Management Pty Ltd Grows Holdings in Lockheed Martin Corporation $LMT

Key Points

• UniSuper Management Pty Ltd increased its stake in Lockheed Martin Corporation by 0.7%, acquiring an additional 900 shares to bring total holdings to 128,846 shares valued at approximately $57.56 million.
• Lockheed Martin reported a quarterly earnings result of $7.29 EPS, surpassing estimates, alongside a revenue of $18.16 billion, which was slightly below predictions.
• The company declared a quarterly dividend of $3.30, with a 2.8% dividend yield, indicating a commitment to return value to shareholders amid a consistent dividend payout ratio of 74.32%.

UniSuper Management Pty Ltd boosted its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 128,846 shares of the aerospace company's stock after purchasing an additional 900 shares during the period. UniSuper Management Pty Ltd owned approximately 0.05% of Lockheed Martin worth $57,557,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Entropy Technologies LP raised its position in shares of Lockheed Martin by 410.2% in the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company's stock valued at $7,874,000 after buying an additional 14,171 shares during the last quarter. PTM Wealth Management LLC acquired a new stake in Lockheed Martin during the first quarter worth about $377,000. First American Bank increased its position in Lockheed Martin by 18.8% during the first quarter. First American Bank now owns 8,393 shares of the aerospace company's stock worth $3,749,000 after purchasing an additional 1,327 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. increased its position in Lockheed Martin by 18.6% during the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock worth $7,652,000 after purchasing an additional 2,686 shares during the last quarter. Finally, State of Wyoming increased its position in Lockheed Martin by 93.9% during the fourth quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock worth $541,000 after purchasing an additional 539 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LMT has been the subject of several recent research reports. UBS Group lowered their price objective on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Cowen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Susquehanna lowered their price target on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a report on Wednesday, July 23rd. JPMorgan Chase & Co. dropped their target price on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Finally, TD Cowen restated a "hold" rating and issued a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $494.00.

Lockheed Martin Stock Up 1.7%

LMT stock traded up $7.82 during midday trading on Thursday, reaching $471.69. 770,790 shares of the company were exchanged, compared to its average volume of 1,646,565. The stock's 50-day simple moving average is $446.09 and its 200 day simple moving average is $457.84. The company has a market cap of $110.12 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 1.61 and a beta of 0.26. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. 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 announced 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 company had revenue of $18.16 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

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 issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is 74.32%.

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.