Ally Financial Inc. Buys New Stake in Lockheed Martin Corporation $LMT

Ally Financial Inc. purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,000 shares of the aerospace company's stock, valued at approximately $2,038,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC raised its stake in shares of Lockheed Martin by 5.0% during the 4th 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 in the last quarter. Sivia Capital Partners LLC grew its stake in Lockheed Martin by 5.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company's stock valued at $451,000 after buying an additional 50 shares during the last quarter. Schnieders Capital Management LLC. increased its stake in shares of Lockheed Martin by 17.3% in the second quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company's stock worth $676,000 after purchasing an additional 215 shares during the period. Gamco Investors INC. ET AL increased its position in Lockheed Martin by 36.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company's stock worth $1,042,000 after buying an additional 595 shares during the period. Finally, Sei Investments Co. raised its stake in Lockheed Martin by 18.2% during the 2nd quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company's stock valued at $40,092,000 after purchasing an additional 13,300 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on LMT shares. Wall Street Zen downgraded Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 15th. Citigroup raised their price objective on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Robert W. Baird set a $700.00 price target on Lockheed Martin in a report on Friday, July 24th. Royal Bank Of Canada lifted their price objective on Lockheed Martin from $575.00 to $600.00 and gave the stock a "sector perform" rating in a research note on Friday, July 24th. Finally, DZ Bank upgraded shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 30th. One 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 issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $632.39.

Lockheed Martin Stock Up 0.2%

Lockheed Martin stock opened at $564.61 on Monday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The company's 50-day moving average is $547.80 and its 200-day moving average is $575.31. The firm has a market capitalization of $130.31 billion, a PE ratio of 20.81, a P/E/G ratio of 0.97 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 posted its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share 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 business had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same period in the previous year, the firm earned $1.46 EPS. The firm's 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. Sell-side analysts anticipate that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin's dividend payout ratio (DPR) is presently 50.87%.

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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