Kornitzer Capital Management Inc. KS Grows Stock Holdings in Lockheed Martin Corporation $LMT

Kornitzer Capital Management Inc. KS grew its holdings in Lockheed Martin Corporation (NYSE:LMT) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,421 shares of the aerospace company’s stock after acquiring an additional 80 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Lockheed Martin were worth $2,048,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its stake in shares of 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 buying an additional 560,457 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Lockheed Martin by 1.4% during the first 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 during the period. Invesco Ltd. lifted its position in shares of Lockheed Martin by 0.6% during the first quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company’s stock worth $958,116,000 after purchasing an additional 12,899 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Lockheed Martin by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company’s stock valued at $580,317,000 after purchasing an additional 24,512 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Lockheed Martin by 4.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company’s stock valued at $518,937,000 after purchasing an additional 51,522 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

LMT has been the topic of several analyst reports. Susquehanna lifted their price target on shares of Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research note on Thursday, October 9th. Wall Street Zen raised Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Saturday. Truist Financial boosted their price target on Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. UBS Group lowered their price objective on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a research note on Wednesday, October 22nd. Finally, The Goldman Sachs Group increased their target price on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $513.47.

Lockheed Martin Stock Down 0.5%

NYSE:LMT opened at $485.59 on Monday. The firm has a market capitalization of $112.37 billion, a PE ratio of 27.11, a price-to-earnings-growth 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 current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. The stock has a 50 day moving average of $477.51 and a 200-day moving average of $466.57.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating 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 business had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. During the same quarter in the previous year, the firm posted $6.84 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. 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. Stockholders of record on Monday, December 1st will be given a dividend of $3.45 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, December 1st. Lockheed Martin’s payout ratio is currently 73.70%.

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.