Cim Investment Management Inc. Purchases New Stake in Lockheed Martin Corporation $LMT

Cim Investment Management Inc. purchased a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,365 shares of the aerospace company’s stock, valued at approximately $1,056,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew 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 worth $1,941,000 after buying an additional 191 shares during the last quarter. Janus Henderson Group PLC grew its stake in Lockheed Martin by 82.3% during the 4th quarter. Janus Henderson Group PLC now owns 28,621 shares of the aerospace company’s stock worth $13,908,000 after buying an additional 12,924 shares during the last quarter. NorthRock Partners LLC grew its stake in Lockheed Martin by 104.8% during the 4th quarter. NorthRock Partners LLC now owns 3,268 shares of the aerospace company’s stock worth $1,588,000 after buying an additional 1,672 shares during the last quarter. Nomura Holdings Inc. grew its stake in Lockheed Martin by 129.7% during the 4th quarter. Nomura Holdings Inc. now owns 10,359 shares of the aerospace company’s stock worth $5,034,000 after buying an additional 5,849 shares during the last quarter. Finally, Pathstone Holdings LLC grew its stake in Lockheed Martin by 2.6% during the 4th quarter. Pathstone Holdings LLC now owns 26,469 shares of the aerospace company’s stock worth $12,863,000 after buying an additional 675 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Bank of America lowered their price objective on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Royal Bank Of Canada decreased their price target on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 23rd. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Robert W. Baird decreased their price target on Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Finally, Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the stock a “market perform” rating in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and an average price target of $494.00.

Lockheed Martin Trading Up 1.4%

Shares of LMT stock opened at $470.29 on Friday. The stock has a 50-day simple moving average of $446.23 and a 200 day simple moving average of $458.06. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The stock has a market capitalization of $109.79 billion, a P/E ratio of 26.48, a P/E/G ratio of 1.63 and a beta of 0.26. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The business had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. During the same quarter last year, the business posted $7.11 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, sell-side analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.8%. Lockheed Martin’s dividend payout ratio (DPR) is currently 74.32%.

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.