Arrowstreet Capital Limited Partnership Buys 7,595 Shares of Lockheed Martin Corporation $LMT

Arrowstreet Capital Limited Partnership lifted its position in Lockheed Martin Corporation (NYSE:LMT) by 2.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 397,079 shares of the aerospace company’s stock after purchasing an additional 7,595 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.17% of Lockheed Martin worth $183,903,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tableaux LLC grew its holdings in shares of Lockheed Martin by 34,231.4% in the second quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock valued at $288,589,000 after purchasing an additional 621,300 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in 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 purchasing an additional 560,457 shares during the last quarter. Nuveen LLC purchased a new position in shares of Lockheed Martin in the 1st quarter worth $221,790,000. AQR Capital Management LLC increased 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 worth $361,045,000 after buying an additional 350,796 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased 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 worth $135,985,000 after buying an additional 302,684 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $442.16 on Wednesday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $521.50. The business’s 50 day moving average price is $481.06 and its 200 day moving average price is $466.09. The company has a market cap of $102.31 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 1.69 and a beta of 0.25.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same period in the previous year, the firm earned $6.84 EPS. Lockheed Martin’s revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The company 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 dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 3.1%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s dividend payout ratio is presently 77.05%.

Wall Street Analyst Weigh In

LMT has been the subject of a number of recent analyst reports. Sanford C. Bernstein lifted their price target on shares of Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a research note on Monday, October 20th. BNP Paribas raised shares of Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, November 18th. BNP Paribas Exane began coverage on Lockheed Martin in a research note on Tuesday, November 18th. They set an “outperform” rating and a $550.00 price target on the stock. Wall Street Zen raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 22nd. Finally, Morgan Stanley boosted their target price on shares of Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and a consensus price target of $515.50.

Insider Transactions at Lockheed Martin

In related news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the transaction, the chief operating officer owned 1 shares of the company’s stock, valued at $491.04. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.14% of the company’s stock.

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.