ABN AMRO Bank N.V. Invests $1.22 Million in Lockheed Martin Corporation $LMT

ABN AMRO Bank N.V. purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,395 shares of the aerospace company's stock, valued at approximately $1,216,000.

Several other institutional investors have also added to or reduced their stakes in the company. Cerro Pacific Wealth Advisors LLC increased its holdings in shares of Lockheed Martin by 1.2% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company's stock worth $665,000 after purchasing an additional 16 shares during the period. Garner Asset Management Corp grew its position in Lockheed Martin by 0.9% during the fourth quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company's stock worth $839,000 after buying an additional 16 shares in the last quarter. Davis R M Inc. increased its stake in Lockheed Martin by 1.3% during the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company's stock worth $612,000 after acquiring an additional 16 shares during the period. Broadway Wealth Solutions Inc. increased its stake in Lockheed Martin by 3.6% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company's stock worth $234,000 after acquiring an additional 17 shares during the period. Finally, Aspire Growth Partners LLC raised its holdings in Lockheed Martin by 0.7% in the 4th quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company's stock valued at $1,217,000 after acquiring an additional 17 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of recent analyst reports. Susquehanna cut their target price on Lockheed Martin from $740.00 to $700.00 and set a "positive" rating for the company in a research report on Friday, April 24th. UBS Group restated a "neutral" rating and issued a $581.00 price target on shares of Lockheed Martin in a research report on Friday, July 24th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Lockheed Martin in a research note on Sunday, July 26th. TD Cowen cut their price objective on shares of Lockheed Martin from $600.00 to $560.00 and set a "hold" rating for the company in a research report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Lockheed Martin from $615.00 to $575.00 and set a "hold" rating on the stock in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lockheed Martin has an average rating of "Hold" and a consensus target price of $632.39.

Lockheed Martin Trading Up 1.7%

Shares of LMT opened at $608.21 on Friday. Lockheed Martin Corporation has a 52-week low of $436.46 and a 52-week high of $692.00. The business's fifty day moving average is $542.51 and its 200-day moving average is $576.46. 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 firm has a market cap of $140.37 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.04 and a beta of 0.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping 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 company had revenue of $20.06 billion during the quarter, compared to analysts' expectations of $19.34 billion. During the same quarter in the previous year, the firm earned $1.46 EPS. Lockheed Martin's 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. Equities analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business 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 $3.45 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a yield of 2.3%. Lockheed Martin's dividend payout ratio is presently 50.87%.

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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