B&D White Capital Company LLC Makes New Investment in Lockheed Martin Corporation $LMT

B&D White Capital Company LLC acquired a new stake in Lockheed Martin Corporation (NYSE:LMT) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,000 shares of the aerospace company’s stock, valued at approximately $1,340,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Entropy Technologies LP increased its stake in Lockheed Martin by 410.2% in the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock valued at $7,874,000 after purchasing an additional 14,171 shares during the last quarter. PTM Wealth Management LLC acquired a new stake in Lockheed Martin during the first quarter worth about $377,000. First American Bank increased its stake in Lockheed Martin by 18.8% during the first quarter. First American Bank now owns 8,393 shares of the aerospace company’s stock worth $3,749,000 after acquiring an additional 1,327 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in Lockheed Martin during the fourth quarter worth about $33,294,000. Finally, Cantor Fitzgerald Investment Advisors L.P. increased its stake in Lockheed Martin by 18.6% during the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company’s stock worth $7,652,000 after acquiring an additional 2,686 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Trading Down 0.3%

Shares of LMT opened at $445.7320 on Friday. The company has a market capitalization of $104.06 billion, a P/E ratio of 25.10, a P/E/G ratio of 1.57 and a beta of 0.27. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The stock has a 50-day moving average price of $448.65 and a 200 day moving average price of $456.29.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter last year, the business posted $7.11 EPS. Lockheed Martin’s quarterly revenue 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 forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin’s dividend payout ratio (DPR) is currently 74.32%.

Analyst Ratings Changes

LMT has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Bank of America dropped their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday. UBS Group lowered their price objective on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Vertical Research reaffirmed a “hold” rating and issued a $460.00 price objective on shares of Lockheed Martin in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $506.35.

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.