Lockheed Martin Corporation $LMT Shares Acquired by Cwm LLC

Cwm LLC increased its stake in Lockheed Martin Corporation (NYSE:LMT) by 7.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,595 shares of the aerospace company’s stock after acquiring an additional 4,600 shares during the quarter. Cwm LLC’s holdings in Lockheed Martin were worth $30,843,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LMT. Charles Schwab Investment Management Inc. grew its holdings in shares of Lockheed Martin by 7.5% during the first 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 buying an additional 560,457 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Lockheed Martin by 1.4% during the first quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock valued at $1,021,846,000 after buying an additional 31,443 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Lockheed Martin by 0.6% during the first quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company’s stock valued at $958,116,000 after buying an additional 12,899 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Lockheed Martin by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company’s stock valued at $580,317,000 after buying an additional 24,512 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Lockheed Martin by 4.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company’s stock valued at $518,937,000 after buying an additional 51,522 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the company a “market perform” rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft set a $519.00 price target on Lockheed Martin and gave the company a “hold” rating in a report on Wednesday. Bank of America lowered their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. Finally, TD Cowen reiterated a “hold” rating and set a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and an average target price of $503.53.

Lockheed Martin Price Performance

LMT opened at $505.11 on Monday. The stock has a market cap of $117.93 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 1.77 and a beta of 0.28. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The stock has a fifty day moving average price of $464.89 and a 200 day moving average price of $463.09.

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

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be given a $3.45 dividend. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s payout ratio is presently 77.70%.

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.