Lockheed Martin (NYSE:LMT) Posts Quarterly Earnings Results, Beats Estimates By $0.94 EPS

Lockheed Martin (NYSE:LMT - Get Free Report) posted its quarterly earnings data on Tuesday. The aerospace company reported $7.28 EPS for the quarter, beating analysts' consensus estimates of $6.34 by $0.94, Zacks reports. The business had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Lockheed Martin updated its FY 2025 guidance to 27.000-27.300 EPS.

Lockheed Martin Stock Up 2.4 %

LMT stock traded up $11.01 during mid-day trading on Friday, hitting $477.82. The stock had a trading volume of 1,521,067 shares, compared to its average volume of 1,251,288. The stock has a market capitalization of $112.08 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 2.07 and a beta of 0.39. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin has a 1-year low of $418.88 and a 1-year high of $618.95. The company has a fifty day moving average of $455.79 and a 200 day moving average of $492.43.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were paid a $3.30 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.76%. Lockheed Martin's dividend payout ratio (DPR) is currently 57.02%.

Analysts Set New Price Targets

A number of analysts have recently commented on LMT shares. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Melius cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Truist Financial began coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a "buy" rating and a $579.00 price objective for the company. StockNews.com upgraded shares of Lockheed Martin from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Royal Bank of Canada lowered shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of "Moderate Buy" and a consensus target price of $544.79.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the sale, the insider now owns 2,000 shares of the company's stock, valued at $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,133 shares of company stock valued at $3,155,916. 0.14% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lockheed Martin

A hedge fund recently raised its stake in Lockheed Martin stock. Brighton Jones LLC boosted its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,995 shares of the aerospace company's stock after buying an additional 191 shares during the period. Brighton Jones LLC's holdings in Lockheed Martin were worth $1,941,000 as of its most recent SEC filing. 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.