Y Intercept Hong Kong Ltd Buys 8,602 Shares of Lockheed Martin Corporation $LMT

Y Intercept Hong Kong Ltd raised its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 54.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,425 shares of the aerospace company’s stock after buying an additional 8,602 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Lockheed Martin were worth $11,312,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LMT. Brighton Jones LLC increased its stake in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after purchasing an additional 191 shares in the last quarter. Transcend Capital Advisors LLC lifted its stake in shares of Lockheed Martin by 5.6% in the first quarter. Transcend Capital Advisors LLC now owns 1,815 shares of the aerospace company’s stock worth $811,000 after buying an additional 96 shares in the last quarter. Capital Advisors Wealth Management LLC grew its holdings in shares of Lockheed Martin by 6.1% during the first quarter. Capital Advisors Wealth Management LLC now owns 1,520 shares of the aerospace company’s stock valued at $679,000 after buying an additional 87 shares during the last quarter. Convergence Financial LLC grew its holdings in shares of Lockheed Martin by 19.0% during the first quarter. Convergence Financial LLC now owns 1,609 shares of the aerospace company’s stock valued at $719,000 after buying an additional 257 shares during the last quarter. Finally, Joel Isaacson & Co. LLC increased its position in shares of Lockheed Martin by 18.6% during the first quarter. Joel Isaacson & Co. LLC now owns 1,149 shares of the aerospace company’s stock valued at $513,000 after acquiring an additional 180 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Down 0.5%

Shares of NYSE:LMT opened at $485.59 on Monday. The stock’s 50-day simple moving average is $477.51 and its two-hundred day simple moving average is $466.57. The stock has a market capitalization of $112.37 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.69 and a beta of 0.28. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $576.43. 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 (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating the consensus estimate of $6.33 by $0.62. The firm had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. The ex-dividend date is Monday, December 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is 73.70%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LMT. JPMorgan Chase & Co. lowered their price objective on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. TD Cowen reaffirmed a “hold” rating and set a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the stock a “hold” rating in a report on Wednesday, October 8th. Morgan Stanley upped their target price on shares of Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Finally, Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin presently has an average rating of “Hold” and an average target price of $513.47.

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.