Lockheed Martin (NYSE:LMT) Trading Up 1.2% - Here's Why

Key Points

• Lockheed Martin's stock rose by 1.2% to close at $485.99, despite trading volume declining by 31% from the average.
• Analysts have adjusted their price targets downward, with JPMorgan reducing theirs from $520 to $465, contributing to a consensus rating of "Hold" and a target price of $494.
• The company plans to pay a quarterly dividend of $3.30 per share, which equates to an annual yield of 2.7%, with an ex-dividend date set for September 2nd.

Lockheed Martin Corporation (NYSE:LMT - Get Free Report) traded up 1.2% on Tuesday . The company traded as high as $486.78 and last traded at $485.99. 1,133,700 shares were traded during mid-day trading, a decline of 31% from the average session volume of 1,638,821 shares. The stock had previously closed at $480.39.

Analyst Ratings Changes

Several research firms have recently weighed in on LMT. JPMorgan Chase & Co. decreased their price objective on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Bank of America decreased their price target on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a research note on Thursday, August 21st. TD Cowen reissued a "hold" rating and set a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Susquehanna reduced their target price 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. Finally, Vertical Research reissued a "hold" rating and set a $460.00 price target on shares of Lockheed Martin in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $494.00.

Lockheed Martin Price Performance

The company has a market cap of $113.46 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 1.66 and a beta of 0.26. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The company has a fifty day simple moving average of $447.32 and a two-hundred day simple moving average of $459.12.

Lockheed Martin (NYSE:LMT - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $18.59 billion. During the same period in the previous year, the firm earned $7.11 EPS. 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. On average, equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed 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. This represents a $13.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio is currently 74.32%.

Hedge Funds Weigh In On Lockheed Martin

Several hedge funds have recently bought and sold shares of LMT. Vanguard Group Inc. raised its stake in Lockheed Martin by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company's stock valued at $10,048,993,000 after purchasing an additional 214,565 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Lockheed Martin by 7.5% in the 1st 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 acquiring an additional 560,457 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Lockheed Martin by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 4,884,954 shares of the aerospace company's stock valued at $2,256,147,000 after acquiring an additional 19,459 shares in the last quarter. Royal Bank of Canada boosted its position in Lockheed Martin by 1.4% during the 1st quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company's stock worth $1,021,846,000 after purchasing an additional 31,443 shares during the period. Finally, Invesco Ltd. boosted its position in Lockheed Martin by 0.6% during the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock worth $958,116,000 after purchasing an additional 12,899 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.

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.

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