Ancora Advisors LLC Takes Position in Lockheed Martin Corporation $LMT

Key Points

• Ancora Advisors initiated a Lockheed Martin position during the second quarter, purchasing 2,652 shares valued at approximately $1.35 million. Institutional investors collectively own 74.19% of the company.
• Analysts maintain a mixed outlook, with a consensus “Hold” rating and an average price target of $632.39; targets range from $581 to $700.
• Lockheed Martin exceeded quarterly expectations with $7.94 in earnings per share and $20.06 billion in revenue, while announcing a $3.45 quarterly dividend, equivalent to a 2.4% annualized yield.

Ancora Advisors LLC bought 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 fund bought 2,652 shares of the aerospace company's stock, valued at approximately $1,351,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Basso Capital Management L.P. acquired a new position in Lockheed Martin during the 4th quarter worth approximately $25,000. Burnham & Co LLC acquired a new position in shares of Lockheed Martin during the second quarter worth $25,000. United Financial Planning Group LLC purchased a new position in shares of Lockheed Martin in the third quarter valued at $25,000. Clarity Asset Management Inc. acquired a new stake in Lockheed Martin during the 4th quarter valued at $26,000. Finally, Triumph Capital Management increased its stake in Lockheed Martin by 66.7% during the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company's stock worth $26,000 after buying an additional 22 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on LMT. UBS Group reiterated a "neutral" rating and issued a $581.00 price target on shares of Lockheed Martin in a research note on Friday, July 24th. Wells Fargo & Company set a $600.00 price objective on Lockheed Martin in a report on Monday, July 27th. DZ Bank raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 30th. Wall Street Zen downgraded shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 15th. Finally, Robert W. Baird set a $700.00 price objective on shares of Lockheed Martin in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $632.39.

Lockheed Martin Price Performance

LMT opened at $565.81 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. The company's 50-day moving average price is $550.67 and its 200 day moving average price is $573.82. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00. The firm has a market cap of $130.58 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating analysts' consensus estimates of $7.22 by $0.72. The company 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%.Lockheed Martin's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, sell-side analysts expect that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders 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 annualized dividend and a yield of 2.4%. Lockheed Martin's dividend payout ratio (DPR) is currently 50.87%.

About Lockheed Martin

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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