Abbot Financial Management Inc. Buys Shares of 6,678 Lockheed Martin Corporation $LMT

Key Points

• Abbot Financial Management purchased 6,678 Lockheed Martin shares worth approximately $3.4 million, making the stock 1.2% of its portfolio. Institutional investors collectively own 74.19% of the company.
• Lockheed Martin reported quarterly EPS of $7.94, surpassing estimates of $7.22, while revenue rose 10.5% year over year to $20.06 billion. The company reaffirmed fiscal 2026 EPS guidance of $29.95–$30.65.
• The company declared a quarterly dividend of $3.45 per share, equivalent to $13.80 annually and a 2.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $632.39.

Abbot Financial Management Inc. purchased a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,678 shares of the aerospace company's stock, valued at approximately $3,402,000. Lockheed Martin accounts for approximately 1.2% of Abbot Financial Management Inc.'s holdings, making the stock its 23rd largest position.

Several other institutional investors have also recently made changes to their positions in the company. World Investment Advisors raised its holdings in shares of Lockheed Martin by 54.7% in the 4th quarter. World Investment Advisors now owns 14,739 shares of the aerospace company's stock valued at $7,129,000 after buying an additional 5,214 shares during the period. SG Americas Securities LLC boosted its holdings in Lockheed Martin by 5.4% during the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company's stock valued at $167,043,000 after acquiring an additional 14,150 shares during the period. Secured Retirement Advisors LLC boosted its holdings in Lockheed Martin by 288.6% during the 4th quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company's stock valued at $1,513,000 after acquiring an additional 2,323 shares during the period. Norris Financial Group LLC acquired a new position in Lockheed Martin in the 1st quarter valued at about $2,321,000. Finally, Legal Advantage Investments Inc. acquired a new position in Lockheed Martin in the 1st quarter valued at about $1,451,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Down 0.1%

Shares of Lockheed Martin stock opened at $608.21 on Monday. The company has a 50 day moving average of $542.51 and a 200 day moving average of $576.42. The company has a market capitalization of $140.37 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.04 and a beta of 0.10. Lockheed Martin Corporation has a 52-week low of $436.46 and a 52-week high of $692.00. 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 (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.22 by $0.72. The firm had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, research analysts forecast that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be issued a $3.45 dividend. The ex-dividend date 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%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an "equal weight" rating in a research report on Friday, July 24th. JPMorgan Chase & Co. dropped their price objective 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. Robert W. Baird set a $700.00 target price on shares of Lockheed Martin in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Lockheed Martin from $615.00 to $575.00 and set a "hold" rating on the stock in a report on Friday, April 24th. Finally, Susquehanna decreased their price target on shares of Lockheed Martin from $740.00 to $700.00 and set a "positive" rating for the company in a research report on Friday, April 24th. 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $632.39.

Lockheed Martin 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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