Farmers Trust Co. Boosts Stake in Lockheed Martin Corporation $LMT

Farmers Trust Co. raised its holdings in Lockheed Martin Corporation (NYSE:LMT) by 1.4% during the second quarter, Holdings Channel.com reports. The firm owned 9,282 shares of the aerospace company’s stock after purchasing an additional 127 shares during the period. Farmers Trust Co.’s holdings in Lockheed Martin were worth $4,299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Lockheed Martin by 41,104.9% in the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company’s stock valued at $889,593,000 after buying an additional 1,986,600 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 valued at $3,587,444,000 after buying an additional 560,457 shares during the period. Nuveen LLC purchased a new stake in shares of Lockheed Martin in the 1st quarter valued at $221,790,000. AQR Capital Management LLC raised its holdings in shares of Lockheed Martin by 76.7% in the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company’s stock valued at $361,045,000 after buying an additional 350,796 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its holdings in shares of Lockheed Martin by 17,506.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company’s stock valued at $135,985,000 after buying an additional 302,684 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.6%

LMT opened at $480.50 on Tuesday. The business has a 50 day moving average price of $447.32 and a two-hundred day moving average price of $459.12. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The company has a market cap of $112.18 billion, a PE ratio of 27.05, a P/E/G ratio of 1.66 and a beta of 0.26. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion during 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 revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.7%. Lockheed Martin’s dividend payout ratio is currently 74.32%.

Analyst Upgrades and Downgrades

LMT has been the topic of several research analyst reports. Cowen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Robert W. Baird cut their price objective on Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Vertical Research reissued a “hold” rating and set a $460.00 target price on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Bank of America lowered their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Finally, Susquehanna lowered their target price on Lockheed Martin from $550.00 to $490.00 and set a “positive” rating for the company in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $494.00.

About Lockheed Martin

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.