Marshall Wace LLP Cuts Stock Position in Lockheed Martin Corporation $LMT

Marshall Wace LLP trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 914,291 shares of the aerospace company’s stock after selling 24,836 shares during the quarter. Lockheed Martin accounts for approximately 0.5% of Marshall Wace LLP’s investment portfolio, making the stock its 25th biggest position. Marshall Wace LLP owned 0.39% of Lockheed Martin worth $423,445,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LMT. Vanguard Group Inc. lifted its holdings in Lockheed Martin by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock worth $10,048,993,000 after buying an additional 214,565 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Lockheed Martin by 7.5% in 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 period. Geode Capital Management LLC increased its holdings in Lockheed Martin by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 4,884,954 shares of the aerospace company’s stock worth $2,256,147,000 after purchasing an additional 19,459 shares during the period. Royal Bank of Canada raised its position in Lockheed Martin by 1.4% in 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 in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Lockheed Martin by 0.6% in the 1st 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 during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the completion of the transaction, the chief operating officer owned 1 shares in the company, valued at approximately $491.04. This represents a 99.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

Lockheed Martin Stock Performance

NYSE LMT opened at $447.95 on Friday. The firm has a market cap of $103.66 billion, a P/E ratio of 25.01, a P/E/G ratio of 1.29 and a beta of 0.24. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $520.56. The business’s 50-day moving average price is $479.53 and its 200 day moving average price is $465.83. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The company had revenue of $18.61 billion during the quarter, compared to analysts’ expectations of $18.45 billion. During the same period last year, the firm earned $6.84 EPS. The firm’s revenue for the quarter 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, equities research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be given a $3.45 dividend. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a yield of 3.1%. Lockheed Martin’s payout ratio is 77.05%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LMT shares. Robert W. Baird raised their target price on shares of Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Sanford C. Bernstein raised their price objective on shares of Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a report on Monday, October 20th. UBS Group cut their price target on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Finally, BNP Paribas upgraded Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, November 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $515.50.

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.