6,403 Shares in Lockheed Martin Corporation $LMT Bought by 1ST Source Bank

Key Points

• 1ST Source Bank acquired 6,403 Lockheed Martin shares worth approximately $3.26 million during the second quarter. Institutional investors and hedge funds collectively own 74.19% of the company.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $632.39, while Weiss Ratings upgraded the stock to “Buy.”
• Lockheed Martin exceeded quarterly expectations, reporting $7.94 in EPS and $20.06 billion in revenue, up 10.5% year over year. The company also declared a quarterly dividend of $3.45 per share, representing a 2.3% annualized yield.

1ST Source Bank acquired a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 6,403 shares of the aerospace company's stock, valued at approximately $3,262,000.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in Lockheed Martin during the second quarter worth $645,258,000. Diamant Asset Management Inc. boosted its position in shares of Lockheed Martin by 60,339.0% during the 1st quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company's stock worth $531,493,000 after purchasing an additional 877,932 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Lockheed Martin by 107.3% during the 4th quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company's stock worth $625,784,000 after purchasing an additional 669,604 shares during the period. Morgan Stanley grew its stake in shares of Lockheed Martin by 10.1% during the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company's stock worth $2,770,729,000 after purchasing an additional 527,523 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of Lockheed Martin by 3,497.5% in the 1st quarter. Janus Henderson Group PLC now owns 451,276 shares of the aerospace company's stock valued at $272,746,000 after purchasing an additional 438,732 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of research reports. Wells Fargo & Company set a $600.00 price target on shares of Lockheed Martin in a research report on Monday, July 27th. BNP Paribas Exane lowered their price target on Lockheed Martin from $770.00 to $680.00 and set an "outperform" rating on the stock in a report on Friday, April 24th. Royal Bank Of Canada raised their price objective on Lockheed Martin from $575.00 to $600.00 and gave the company a "sector perform" rating in a research note on Friday, July 24th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Lockheed Martin in a report on Friday, May 29th. Finally, Weiss Ratings upgraded Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $632.39.

Lockheed Martin Stock Performance

NYSE LMT opened at $608.21 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. Lockheed Martin Corporation has a fifty-two week low of $436.46 and a fifty-two week high of $692.00. The business has a fifty day moving average of $542.51 and a 200-day moving average of $576.42. The stock has a market cap 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.

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 return on equity of 91.42% and a net margin of 8.16%.The business had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter last year, the company earned $1.46 earnings per share. The business'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. As a group, analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. Lockheed Martin's dividend payout ratio is presently 50.87%.

About Lockheed Martin

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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