Abacus FCF Advisors LLC Invests $8.56 Million in Lockheed Martin Corporation $LMT

Abacus FCF Advisors LLC acquired a new stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 16,807 shares of the aerospace company's stock, valued at approximately $8,562,000. Lockheed Martin makes up approximately 1.6% of Abacus FCF Advisors LLC's holdings, making the stock its 27th biggest position.

A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Lockheed Martin during the second quarter valued at about $9,617,574,000. Charles Schwab Investment Management Inc. grew its position in Lockheed Martin by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company's stock worth $4,178,399,000 after acquiring an additional 114,900 shares during the last quarter. Morgan Stanley increased its stake in Lockheed Martin by 10.1% in 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. Franklin Resources Inc. increased its stake in Lockheed Martin by 0.6% in the 4th 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 period. Finally, Deutsche Bank AG lifted its position in Lockheed Martin by 7.4% in the fourth quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company's stock valued at $696,891,000 after purchasing an additional 99,403 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $589.47 on Thursday. The stock's 50 day simple moving average is $546.85 and its two-hundred day simple moving average is $576.25. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The stock has a market cap of $136.04 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.04 and a beta of 0.10. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping 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 return on equity of 91.42% and a net margin of 8.16%.The business's revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, analysts expect that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on LMT shares. Royal Bank Of Canada upped their price target on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a "sector perform" rating in a report on Friday, July 24th. Weiss Ratings raised shares of Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. Jefferies Financial Group restated a "hold" rating on shares of Lockheed Martin in a research report on Sunday, July 26th. UBS Group reaffirmed a "neutral" rating and set a $581.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $680.00 to $605.00 and set a "neutral" rating for the company in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target 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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