5,807 Shares in Lockheed Martin Corporation $LMT Purchased by Archer Investment Corp

Key Points

• Archer Investment Corp. acquired 5,807 Lockheed Martin shares in the second quarter, valued at approximately $2.96 million. Institutional investors collectively own 74.19% of the company.
• Lockheed Martin reported quarterly revenue of $20.06 billion and adjusted earnings of $7.94 per share, surpassing analyst expectations; revenue increased 10.5% year over year.
• The company declared a quarterly dividend of $3.45 per share, equivalent to an annualized $13.80 payout and a 2.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $632.39.

Archer Investment Corp acquired a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,807 shares of the aerospace company's stock, valued at approximately $2,959,000.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $9,617,574,000. Charles Schwab Investment Management Inc. increased its stake in Lockheed Martin by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company's stock valued at $4,178,399,000 after acquiring an additional 114,900 shares during the last quarter. Corient Private Wealth LP acquired a new position in Lockheed Martin during the second quarter valued at approximately $101,960,000. Morgan Stanley raised its position in Lockheed Martin by 10.1% during the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company's stock valued at $2,770,729,000 after purchasing an additional 527,523 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Lockheed Martin by 0.6% during the fourth quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company's stock worth $807,866,000 after purchasing an additional 10,349 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

NYSE:LMT opened at $563.82 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00. The company has a 50 day simple moving average of $551.70 and a two-hundred day simple moving average of $573.75. The company has a market capitalization of $130.12 billion, a PE ratio of 20.78, a P/E/G ratio of 0.97 and a beta of 0.10.

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

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be given a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.4%. Lockheed Martin's dividend payout ratio is 50.87%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LMT shares. JPMorgan Chase & Co. decreased their price target 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. Wells Fargo & Company set a $600.00 price objective on Lockheed Martin in a research report on Monday, July 27th. TD Cowen reduced their price objective on Lockheed Martin from $600.00 to $560.00 and set a "hold" rating on the stock in a research note on Monday, July 13th. Weiss Ratings upgraded Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 13th. Finally, UBS Group reissued a "neutral" rating and set a $581.00 target price on shares of Lockheed Martin in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus 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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