3,709 Shares in Lockheed Martin Corporation $LMT Purchased by SCS Capital Management LLC

SCS Capital Management LLC acquired a new position in Lockheed Martin Corporation (NYSE:LMT) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,709 shares of the aerospace company’s stock, valued at approximately $1,657,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TruNorth Capital Management LLC bought a new stake in Lockheed Martin in the first quarter worth about $31,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin in the fourth quarter worth about $35,000. EQ Wealth Advisors LLC bought a new stake in Lockheed Martin in the first quarter worth about $43,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in Lockheed Martin in the first quarter worth about $45,000. Finally, McIlrath & Eck LLC raised its position in Lockheed Martin by 161.0% in the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock worth $48,000 after acquiring an additional 66 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on LMT. Robert W. Baird dropped their price target on shares of Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Cowen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the stock a “market perform” rating in a report on Monday, July 14th. Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, TD Cowen restated a “hold” rating and set a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $494.00.

Lockheed Martin Price Performance

Shares of LMT opened at $457.18 on Wednesday. The company has a market capitalization of $106.73 billion, a price-to-earnings ratio of 25.74, a P/E/G ratio of 1.61 and a beta of 0.26. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two 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 0.83. The business’s 50-day moving average is $446.08 and its 200-day moving average is $457.80.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating analysts’ consensus estimates of $6.57 by $0.72. The company had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a $3.30 dividend. 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 dividend payout ratio is currently 74.32%.

Lockheed Martin 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.