Lockheed Martin Corporation $LMT Shares Bought by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its stake in Lockheed Martin by 70.8% in the first quarter, acquiring an additional 5,277 shares for a total worth of approximately $5.69 million.
• Lockheed Martin's stock has a current market cap of $106.36 billion, with a recent earnings report showing EPS of $7.29, surpassing expectations, despite revenue slightly missing forecasts.
• The company declared a quarterly dividend of $3.30 per share, translating to an annual yield of 2.9%, which is set to be distributed on September 26th.

Vident Advisory LLC grew its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 70.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,727 shares of the aerospace company's stock after buying an additional 5,277 shares during the quarter. Vident Advisory LLC's holdings in Lockheed Martin were worth $5,686,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in Lockheed Martin by 41,104.9% during the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after buying an additional 1,986,600 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of Lockheed Martin during the fourth quarter worth approximately $526,587,000. Leigh Baldwin & CO. LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $451,985,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Lockheed Martin by 7.5% in the first 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 purchasing an additional 560,457 shares during the period. Finally, Nuveen LLC bought a new position in shares of Lockheed Martin during the first quarter valued at approximately $221,790,000. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LMT shares. Royal Bank Of Canada dropped their price objective on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 23rd. Truist Financial downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and dropped their price objective for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Susquehanna dropped their price objective on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a research note on Wednesday, July 23rd. Cowen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Finally, Vertical Research reissued a "hold" rating and set a $460.00 target price on shares of Lockheed Martin in a research report on Tuesday, July 22nd. One investment 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $506.35.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded down $3.38 on Tuesday, hitting $452.25. 1,341,144 shares of the company were exchanged, compared to its average volume of 1,661,603. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The stock's 50 day moving average price is $446.65 and its 200 day moving average price is $456.99. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of $105.58 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 1.60 and a beta of 0.26.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 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 business had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same period in the previous year, the firm posted $7.11 earnings per share. The business's revenue for the quarter was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.9%. Lockheed Martin's payout ratio is currently 74.32%.

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.