Alta Capital Management LLC Boosts Position in Lockheed Martin Corporation $LMT

Alta Capital Management LLC increased its stake in Lockheed Martin Corporation (NYSE:LMT) by 6.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,567 shares of the aerospace company’s stock after buying an additional 521 shares during the period. Alta Capital Management LLC’s holdings in Lockheed Martin were worth $3,968,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its stake in 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 worth $3,587,444,000 after buying an additional 560,457 shares during the period. Royal Bank of Canada increased 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 valued at $1,021,846,000 after purchasing an additional 31,443 shares during the period. Invesco Ltd. increased 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 valued at $958,116,000 after purchasing an additional 12,899 shares during the period. Dimensional Fund Advisors LP increased its position in Lockheed Martin by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company’s stock valued at $580,317,000 after purchasing an additional 24,512 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Lockheed Martin by 4.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company’s stock valued at $518,937,000 after purchasing an additional 51,522 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 1.2%

Shares of Lockheed Martin stock opened at $499.17 on Thursday. The firm’s 50 day moving average price is $469.31 and its 200-day moving average price is $464.06. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The company has a market cap of $116.54 billion, a P/E ratio of 28.11, a PEG ratio of 1.78 and a beta of 0.28.

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. The company had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. Lockheed Martin’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the business earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is presently 77.70%.

Analyst Upgrades and Downgrades

A number of research firms have commented on LMT. The Goldman Sachs Group raised their target price on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. cut their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the company a “market perform” rating in a research report on Monday, July 14th. Vertical Research reissued a “hold” rating and set a $460.00 target price on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Finally, Bank of America cut their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and an average price target of $510.29.

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.