Lockheed Martin (NYSE:LMT) Releases Earnings Results, Beats Estimates By $0.94 EPS

Lockheed Martin (NYSE:LMT - Get Free Report) issued its quarterly earnings results on Tuesday. The aerospace company reported $7.28 earnings per share for the quarter, topping the consensus estimate of $6.34 by $0.94, Zacks reports. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The company had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. Lockheed Martin updated its FY 2025 guidance to 27.000-27.300 EPS.

Lockheed Martin Stock Performance

Shares of NYSE LMT traded up $11.01 during mid-day trading on Friday, reaching $477.82. 1,521,067 shares of the company were exchanged, compared to its average volume of 1,249,996. The stock has a market capitalization of $112.08 billion, a P/E ratio of 21.47, a P/E/G ratio of 2.07 and a beta of 0.39. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The company's 50-day simple moving average is $454.80 and its 200-day simple moving average is $493.33. Lockheed Martin has a twelve month low of $418.88 and a twelve month high of $618.95.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Monday, March 3rd. Lockheed Martin's payout ratio is presently 57.02%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. UBS Group increased their price objective on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research note on Wednesday. Bank of America downgraded Lockheed Martin from a "buy" rating to a "neutral" rating and lowered their target price for the company from $685.00 to $485.00 in a research report on Monday, March 24th. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. lowered their price target on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $544.79.

Insider Activity at Lockheed Martin

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares in the company, valued at $884,840. The trade was a 61.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. The trade was a 23.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,133 shares of company stock worth $3,155,916. Insiders own 0.14% of the company's stock.

Institutional Trading of Lockheed Martin

A hedge fund recently raised its stake in Lockheed Martin stock. Brighton Jones LLC lifted its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,995 shares of the aerospace company's stock after buying an additional 191 shares during the period. Brighton Jones LLC's holdings in Lockheed Martin were worth $1,941,000 as of its most recent filing with the Securities and Exchange Commission. 74.19% of the stock is owned by institutional investors and hedge funds.

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.