Magnetar Financial LLC Has $9.37 Million Stake in Lockheed Martin Corporation $LMT
Magnetar Financial LLC increased its stake in Lockheed Martin by 60.6% in Q2, owning 20,222 shares valued at $9.37 million. Other investors like Willis Investment Counsel and Amitell Capital also adjusted their holdings. Analysts have mixed ratings on Lockheed Martin, with a consensus "Hold" rating and a target price of $513.47. The stock opened at $468.19, with a market cap of $108.34 billion.
Magnetar Financial LLC lifted its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 60.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,222 shares of the aerospace company's stock after acquiring an additional 7,633 shares during the period. Magnetar Financial LLC's holdings in Lockheed Martin were worth $9,366,000 at the end of the most recent reporting period.
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A number of other large investors have also recently added to or reduced their stakes in LMT. Willis Investment Counsel lifted its stake in shares of Lockheed Martin by 9.0% in the second quarter. Willis Investment Counsel now owns 95,103 shares of the aerospace company's stock worth $44,046,000 after buying an additional 7,848 shares during the last quarter. ABN AMRO Bank N.V. bought a new position in Lockheed Martin in the 2nd quarter worth $781,000. Amitell Capital Pte Ltd lifted its position in Lockheed Martin by 99.9% during the 2nd quarter. Amitell Capital Pte Ltd now owns 2,968 shares of the aerospace company's stock worth $1,375,000 after acquiring an additional 1,483 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co boosted its holdings in Lockheed Martin by 10.8% during the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 935 shares of the aerospace company's stock valued at $433,000 after acquiring an additional 91 shares during the period. Finally, Empirical Finance LLC grew its position in shares of Lockheed Martin by 0.6% in the second quarter. Empirical Finance LLC now owns 7,855 shares of the aerospace company's stock valued at $3,638,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 74.19% of the company's stock.
Analyst Ratings Changes
LMT has been the subject of several research analyst reports. BNP Paribas raised Lockheed Martin to a "strong-buy" rating in a research report on Tuesday. Alembic Global Advisors upgraded Lockheed Martin from a "neutral" rating to an "overweight" rating in a report on Thursday, August 28th. Royal Bank Of Canada raised their price objective on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 7th. Sanford C. Bernstein upped their target price on shares of Lockheed Martin from $497.00 to $545.00 and gave the company a "market perform" rating in a research note on Monday, October 20th. Finally, Bank of America reduced their price target on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $513.47.
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View Our Latest Stock Report on Lockheed Martin
Insider Buying and Selling
In other news, COO John Frank A. St sold 7,792 shares of Lockheed Martin stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the sale, the chief operating officer directly owned 1 shares of the company's stock, valued at approximately $491.04. This trade represents a 99.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.14% of the company's stock.
Lockheed Martin Stock Down 0.4%
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LMT opened at $468.19 on Friday. The company has a market capitalization of $108.34 billion, a P/E ratio of 26.14, a P/E/G ratio of 1.69 and a beta of 0.25. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. The firm's fifty day moving average price is $484.90 and its two-hundred day moving average price is $466.96. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $546.00.
Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping analysts' consensus estimates of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. During the same period last year, the firm earned $6.84 EPS. The firm'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. On average, analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.
Lockheed Martin Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be issued a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 annualized dividend and a yield of 2.9%. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.30. Lockheed Martin's dividend payout ratio (DPR) is currently 77.05%.
Lockheed Martin Company Profile
(Free Report)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.
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