Kapitalo Investimentos Ltda Takes Position in Lockheed Martin Corporation $LMT

Kapitalo Investimentos Ltda acquired a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,842 shares of the aerospace company’s stock, valued at approximately $16,600,000. Lockheed Martin accounts for approximately 3.6% of Kapitalo Investimentos Ltda’s holdings, making the stock its 7th biggest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Entropy Technologies LP boosted its stake in shares of Lockheed Martin by 410.2% in the 1st 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 in the last quarter. PTM Wealth Management LLC bought a new stake in Lockheed Martin in the 1st quarter valued at $377,000. First American Bank boosted its stake in shares of Lockheed Martin by 18.8% during the 1st quarter. First American Bank now owns 8,393 shares of the aerospace company’s stock worth $3,749,000 after purchasing an additional 1,327 shares during the period. Empowered Funds LLC increased its holdings in shares of Lockheed Martin by 21.2% during the first quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock valued at $18,038,000 after acquiring an additional 7,052 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. boosted its stake in shares of Lockheed Martin by 18.6% during the 1st 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 in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $472.92 on Monday. The firm has a market cap of $110.41 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 1.66 and a beta of 0.26. 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 business has a 50-day simple moving average of $447.18 and a two-hundred day simple moving average of $459.07. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95.

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

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders 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 yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin’s dividend payout ratio (DPR) is currently 74.32%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on LMT shares. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the stock a “market perform” rating in a research note on Monday, July 14th. TD Cowen reaffirmed a “hold” rating and set a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Royal Bank Of Canada decreased their price target on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Finally, Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average target price of $494.00.

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.