AXQ Capital LP Has $2.32 Million Stake in Lockheed Martin Corporation $LMT

AXQ Capital LP lifted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 83.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,547 shares of the aerospace company's stock after purchasing an additional 2,071 shares during the period. AXQ Capital LP's holdings in Lockheed Martin were worth $2,317,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LMT. United Financial Planning Group LLC acquired a new position in shares of Lockheed Martin in the third quarter valued at approximately $25,000. Basso Capital Management L.P. bought a new position in Lockheed Martin in the fourth quarter valued at $25,000. Burnham & Co LLC acquired a new position in shares of Lockheed Martin during the 2nd quarter worth about $25,000. Triumph Capital Management grew its holdings in shares of Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 22 shares in the last quarter. Finally, Clarity Asset Management Inc. bought a new stake in Lockheed Martin during the fourth quarter worth about $26,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Lockheed Martin in a research report on Friday, May 29th. Wall Street Zen raised shares of Lockheed Martin from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 29th. UBS Group restated a "neutral" rating and set a $581.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. Weiss Ratings raised shares of Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. Finally, Citigroup upped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $632.39.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $524.58 on Friday. The business has a 50-day simple moving average of $555.58 and a 200 day simple moving average of $570.30. Lockheed Martin Corporation has a one year low of $437.25 and a one year high of $692.00. 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 firm has a market capitalization of $121.07 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 1.16 and a beta of 0.10.

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

Lockheed Martin Dividend Announcement

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 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 dividend yield of 2.6%. Lockheed Martin's dividend payout ratio is 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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