2,830 Shares in Lockheed Martin Corporation $LMT Bought by Roberts Glore & Co. Inc. IL

Key Points

• Roberts Glore & Co. Inc. IL purchased 2,830 Lockheed Martin shares worth approximately $1.44 million, while institutional investors collectively own 74.19% of the company.
• Lockheed Martin exceeded quarterly expectations, reporting $7.94 in adjusted EPS versus the $7.22 consensus and $20.06 billion in revenue, up 10.5% year over year.
• The company declared a quarterly dividend of $3.45 per share, or $13.80 annualized, representing a 2.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $632.39.

Roberts Glore & Co. Inc. IL purchased a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,830 shares of the aerospace company's stock, valued at approximately $1,442,000.

Other hedge funds also recently added to or reduced their stakes in the company. IAG Wealth Partners LLC raised its stake in shares of Lockheed Martin by 4,800.0% during the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 48 shares during the period. United Financial Planning Group LLC acquired a new stake in Lockheed Martin during the 3rd quarter valued at $25,000. Burnham & Co LLC acquired a new stake in Lockheed Martin during the 2nd quarter valued at $25,000. Basso Capital Management L.P. acquired a new position in Lockheed Martin in the 4th quarter worth $25,000. Finally, Clarity Asset Management Inc. purchased a new position in Lockheed Martin in the 4th quarter valued at about $26,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

Shares of LMT opened at $556.95 on Wednesday. The stock has a market capitalization of $128.54 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10. The business's fifty day moving average price is $548.90 and its 200 day moving average price is $574.52. 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 Corporation has a 12-month low of $437.25 and a 12-month 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. The firm had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities research analysts forecast that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin's dividend payout ratio is currently 50.87%.

Analyst Ratings Changes

A number of analysts have recently issued reports on LMT shares. Morgan Stanley lifted their target price on Lockheed Martin from $653.00 to $690.00 and gave the stock an "equal weight" rating in a research report on Friday, July 24th. UBS Group reiterated a "neutral" rating and set a $581.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. Royal Bank Of Canada upped their target price on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a "sector perform" rating in a research note on Friday, July 24th. DZ Bank raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of "Hold" and an average target price 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.

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