Lockheed Martin (NYSE:LMT) Issues Earnings Results

Lockheed Martin (NYSE:LMT - Get Free Report) announced its quarterly earnings results on Tuesday. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.57 by $0.72, Zacks reports. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%. The business had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same quarter in the prior year, the company earned $7.11 earnings per share. The company's quarterly revenue was up .2% on a year-over-year basis. Lockheed Martin updated its FY 2025 guidance to 21.700-22.000 EPS.

Lockheed Martin Stock Performance

Shares of LMT traded up $1.05 during trading hours on Friday, hitting $421.60. The company's stock had a trading volume of 2,458,783 shares, compared to its average volume of 1,823,272. The business has a 50 day simple moving average of $465.80 and a two-hundred day simple moving average of $462.67. Lockheed Martin has a 52-week low of $410.11 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.91. The company has a market cap of $98.43 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 1.45 and a beta of 0.28.

Lockheed Martin Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 3.13%. Lockheed Martin's dividend payout ratio is presently 74.32%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LMT shares. Jefferies Financial Group lowered their price objective 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. TD Cowen reaffirmed a "hold" rating and issued a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Susquehanna cut their price target on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research note on Wednesday. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the company a "market perform" rating in a research report on Monday, July 14th. Fifteen equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $506.65.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Lockheed Martin stock. Brighton Jones LLC grew its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,995 shares of the aerospace company's stock after acquiring an additional 191 shares during the period. Brighton Jones LLC's holdings in Lockheed Martin were worth $1,941,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 74.19% of the company's stock.

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.