Capital Square LLC purchased a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,774 shares of the aerospace company's stock, valued at approximately $928,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Basso Capital Management L.P. purchased a new position in shares of Lockheed Martin in the fourth quarter worth $25,000. Burnham & Co LLC bought a new stake in Lockheed Martin in the 2nd quarter valued at $25,000. United Financial Planning Group LLC purchased a new stake in Lockheed Martin in the 3rd quarter worth $25,000. Clarity Asset Management Inc. bought a new position in shares of Lockheed Martin during the 4th quarter valued at about $26,000. Finally, Triumph Capital Management boosted its holdings in shares of Lockheed Martin by 66.7% during the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 22 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on LMT shares. Weiss Ratings raised Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. TD Cowen dropped their price target on Lockheed Martin from $600.00 to $560.00 and set a "hold" rating for the company in a research note on Monday, July 13th. Morgan Stanley raised their price target on Lockheed Martin from $653.00 to $690.00 and gave the company an "equal weight" rating in a report on Friday, July 24th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Lockheed Martin in a report on Sunday, July 26th. Finally, Citigroup raised their target price on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a "buy" rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $632.39.
View Our Latest Stock Report on LMT
Lockheed Martin Price Performance
NYSE:LMT opened at $564.61 on Monday. The firm has a market capitalization of $130.31 billion, a price-to-earnings ratio of 20.81, a PEG 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 simple moving average of $547.80 and a 200-day simple moving average of $575.31. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00.
Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the previous year, the company posted $1.46 EPS. The company's revenue for the quarter 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. Equities analysts forecast that Lockheed Martin Corporation will post 30.39 EPS for the current year.
Lockheed Martin Announces Dividend
The company 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 of this dividend is Tuesday, September 1st. Lockheed Martin's payout ratio is presently 50.87%.
Lockheed Martin Company Profile
(
Free Report)
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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