Vestmark Advisory Solutions Inc. Boosts Stock Position in Lockheed Martin Corporation $LMT

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Lockheed Martin by 88.2%, owning 4,280 shares worth $1,912,000 as of the last SEC filing.
• Recent analyst reports have downgraded Lockheed Martin's stock ratings, with revised price targets ranging from $440.00 to $500.00, indicating a cautionary stance on the stock.
• Lockheed Martin announced a quarterly dividend of $3.30 per share, translating to an annualized yield of 3.0% with a payout ratio of 74.32%.

Vestmark Advisory Solutions Inc. lifted its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 88.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,280 shares of the aerospace company's stock after buying an additional 2,006 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Lockheed Martin were worth $1,912,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 49 Wealth Management LLC lifted its stake in Lockheed Martin by 3.4% in the first quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock valued at $295,000 after purchasing an additional 22 shares during the last quarter. OMNI 360 Wealth Inc. lifted its stake in Lockheed Martin by 2.5% in the first quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock valued at $408,000 after purchasing an additional 22 shares during the last quarter. Tealwood Asset Management Inc. lifted its stake in Lockheed Martin by 0.4% in the first quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after purchasing an additional 23 shares during the last quarter. Southland Equity Partners LLC lifted its stake in Lockheed Martin by 3.1% in the first quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock valued at $342,000 after purchasing an additional 23 shares during the last quarter. Finally, Nvest Financial LLC lifted its stake in Lockheed Martin by 0.6% in the first quarter. Nvest Financial LLC now owns 3,621 shares of the aerospace company's stock valued at $1,617,000 after purchasing an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

NYSE:LMT traded down $0.3250 during midday trading on Tuesday, hitting $440.3150. The company had a trading volume of 752,923 shares, compared to its average volume of 1,672,983. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The stock's fifty day moving average price is $450.83 and its 200-day moving average price is $456.59. The company has a market capitalization of $102.80 billion, a PE ratio of 24.78, a P/E/G ratio of 1.54 and a beta of 0.27. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. During the same period in the previous year, the business earned $7.11 earnings per share. The firm's quarterly 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. As a group, research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is presently 74.32%.

Wall Street Analyst Weigh In

LMT has been the topic of a number of analyst reports. Jefferies Financial Group lowered their target price on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Wall Street Zen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Vertical Research reissued a "hold" rating and set a $460.00 target price on shares of Lockheed Martin in a report on Tuesday, July 22nd. TD Cowen reissued a "hold" rating and set a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and fourteen have given a Hold rating to the company's stock. According to MarketBeat, Lockheed Martin presently has an average rating of "Hold" and a consensus target price of $506.65.

About Lockheed Martin

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.