Lockheed Martin Corporation $LMT Shares Bought by Scharf Investments LLC

Scharf Investments LLC raised its holdings in Lockheed Martin Corporation (NYSE:LMT) by 0.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 194,309 shares of the aerospace company’s stock after purchasing an additional 69 shares during the quarter. Lockheed Martin comprises approximately 2.6% of Scharf Investments LLC’s portfolio, making the stock its 20th largest holding. Scharf Investments LLC owned about 0.08% of Lockheed Martin worth $90,000,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Entropy Technologies LP increased its stake in Lockheed Martin by 410.2% in the first 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 during the period. PTM Wealth Management LLC acquired a new position in shares of Lockheed Martin during the first quarter worth about $377,000. First American Bank increased its stake in shares of Lockheed Martin by 18.8% during the first quarter. First American Bank now owns 8,393 shares of the aerospace company’s stock worth $3,749,000 after acquiring an additional 1,327 shares during the period. Empowered Funds LLC increased its stake 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 worth $18,038,000 after acquiring an additional 7,052 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. increased its stake in shares of Lockheed Martin by 18.6% during the first 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 during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $472.92 on Monday. The company’s fifty day simple moving average is $447.18 and its 200-day simple moving average is $459.07. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The company has a market cap of $110.41 billion, a PE ratio of 26.63, a P/E/G ratio of 1.66 and a beta of 0.26.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating 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 business had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter last year, the firm posted $7.11 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a $3.30 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.8%. Lockheed Martin’s payout ratio is currently 74.32%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LMT shares. Vertical Research reiterated a “hold” rating and set a $460.00 price target on shares of Lockheed Martin in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. dropped their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. TD Cowen reiterated a “hold” rating and set a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. 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. Finally, Cowen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.