Quantitative Investment Management LLC Cuts Holdings in Lockheed Martin Corporation $LMT

Quantitative Investment Management LLC trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 73.4% during the second quarter, Holdings Channel reports. The institutional investor owned 4,974 shares of the aerospace company’s stock after selling 13,725 shares during the quarter. Quantitative Investment Management LLC’s holdings in Lockheed Martin were worth $2,534,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LMT. Basso Capital Management L.P. acquired a new stake in shares of Lockheed Martin during the 4th quarter worth about $25,000. Burnham & Co LLC purchased a new stake in shares of Lockheed Martin in the second quarter valued at about $25,000. United Financial Planning Group LLC acquired a new stake in Lockheed Martin during the 3rd quarter worth approximately $25,000. Clarity Asset Management Inc. purchased a new position in Lockheed Martin in the 4th quarter valued at $26,000. Finally, Field & Main Bank purchased a new stake in shares of Lockheed Martin in the second quarter valued at about $26,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $563.82 on Monday. The firm has a market capitalization of $130.12 billion, a PE ratio of 20.78, a P/E/G ratio of 0.97 and a beta of 0.10. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The business has a 50-day moving average of $551.70 and a two-hundred day moving average of $573.30. Lockheed Martin Corporation has a 12 month low of $437.25 and a 12 month high of $692.00.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The company had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same period last year, the business posted $1.46 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, research analysts forecast that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s payout ratio is currently 50.87%.

Analysts Set New Price Targets

A number of analysts recently weighed in on LMT shares. Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. TD Cowen lowered their price target on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Robert W. Baird set a $700.00 price objective on Lockheed Martin in a research report on Friday, July 24th. Wall Street Zen raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, UBS Group reaffirmed a “neutral” rating and set a $581.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $632.39.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.