1,657 Shares in Lockheed Martin Corporation $LMT Purchased by Stoneridge Investment Partners LLC

Key Points

• Stoneridge Investment Partners bought 1,657 Lockheed Martin shares worth approximately $966,000 in the second quarter, while institutional investors collectively own 74.19% of the company.
• Analyst sentiment remains mixed, with an overall “Hold” consensus and an average price target of $632.39; targets range from $575 to $691.
• Lockheed Martin exceeded quarterly expectations, reporting $7.94 in earnings per share and $20.06 billion in revenue. The company also declared a quarterly dividend of $3.45 per share, equivalent to a 2.3% annual yield.

Stoneridge Investment Partners LLC purchased a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,657 shares of the aerospace company's stock, valued at approximately $966,000.

A number of other hedge funds have also recently bought and sold shares of LMT. Brighton Jones LLC grew its position in shares of Lockheed Martin by 5.0% during the fourth 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 in the last quarter. Sivia Capital Partners LLC raised its holdings in Lockheed Martin by 5.4% in the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company's stock valued at $451,000 after acquiring an additional 50 shares in the last quarter. Schnieders Capital Management LLC. raised its holdings in Lockheed Martin by 17.3% in the second quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company's stock valued at $676,000 after acquiring an additional 215 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in Lockheed Martin by 36.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company's stock valued at $1,042,000 after acquiring an additional 595 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Lockheed Martin by 18.2% during the 2nd quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company's stock worth $40,092,000 after acquiring an additional 13,300 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LMT. Jefferies Financial Group restated a "hold" rating on shares of Lockheed Martin in a research report on Sunday, July 26th. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $680.00 to $605.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Lockheed Martin from $615.00 to $575.00 and set a "hold" rating for the company in a report on Friday, April 24th. DZ Bank upgraded shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 30th. Finally, Citigroup increased their price objective on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a "buy" rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $632.39.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $608.21 on Friday. Lockheed Martin Corporation has a 12-month low of $436.46 and a 12-month high of $692.00. The firm has a market capitalization of $140.37 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.04 and a beta of 0.10. The business has a 50 day simple moving average of $542.51 and a 200 day simple moving average of $576.46. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating the consensus estimate of $7.22 by $0.72. The firm had revenue of $20.06 billion for the quarter, compared to analysts' expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm's revenue was up 10.5% compared to the same quarter last year. During the same period last year, the firm earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities research analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin's dividend payout ratio (DPR) is 50.87%.

Lockheed Martin 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.

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