Abner Herrman & Brock LLC Acquires 2,477 Shares of Lockheed Martin Corporation $LMT

Key Points

• Abner Herrman & Brock LLC increased its Lockheed Martin stake by 58.9% in the second quarter, adding 2,477 shares and bringing its holdings to 6,682 shares valued at $3.4 million. Institutional investors and hedge funds collectively own 74.19% of the stock.
• Lockheed Martin reported quarterly EPS of $7.94, beating estimates of $7.22, while revenue rose 10.5% year over year to $20.06 billion. The company issued fiscal 2026 EPS guidance of $29.95–$30.65.
• The company declared a quarterly dividend of $3.45 per share, or $13.80 annualized, representing a 2.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $626.33.

Abner Herrman & Brock LLC raised its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 58.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,682 shares of the aerospace company's stock after buying an additional 2,477 shares during the period. Abner Herrman & Brock LLC's holdings in Lockheed Martin were worth $3,404,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC increased its stake in shares of Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after purchasing an additional 191 shares during the period. Sivia Capital Partners LLC raised its position in Lockheed Martin by 5.4% in the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company's stock valued at $451,000 after purchasing an additional 50 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in shares of Lockheed Martin by 17.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company's stock valued at $676,000 after purchasing an additional 215 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Lockheed Martin by 36.0% during the second quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company's stock valued at $1,042,000 after purchasing an additional 595 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Lockheed Martin by 18.2% during the second quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company's stock valued at $40,092,000 after buying an additional 13,300 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 0.7%

Shares of NYSE:LMT opened at $587.12 on Friday. Lockheed Martin Corporation has a 52-week low of $423.91 and a 52-week high of $692.00. The stock has a market cap of $135.50 billion, a P/E ratio of 21.64, a PEG ratio of 1.00 and a beta of 0.10. The business has a fifty day moving average of $534.01 and a two-hundred day moving average of $575.86. 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 posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping the consensus estimate 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 in the previous year, the firm earned $1.46 EPS. The company's quarterly revenue 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. On average, research analysts expect that Lockheed Martin Corporation will post 30.36 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders 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 dividend yield of 2.4%. Lockheed Martin's dividend payout ratio is currently 50.87%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LMT shares. UBS Group reiterated a "neutral" rating and issued a $581.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. Sanford C. Bernstein reissued a "market perform" rating on shares of Lockheed Martin in a research note on Friday, May 29th. TD Cowen reduced their target price on shares of Lockheed Martin from $600.00 to $560.00 and set a "hold" rating for the company in a report on Monday, July 13th. Wells Fargo & Company set a $600.00 price target on Lockheed Martin in a report on Monday, July 27th. Finally, Wall Street Zen raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $626.33.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source