Baxter Bros Inc. Purchases New Shares in Lockheed Martin Corporation $LMT

Key Points

• Baxter Bros Inc. purchased 5,809 Lockheed Martin shares in the second quarter, valued at approximately $2.96 million. Institutional investors collectively own 74.19% of the company.
• Lockheed Martin exceeded quarterly expectations, reporting $7.94 in EPS and $20.06 billion in revenue, with revenue up 10.5% year over year. The company issued fiscal 2026 EPS guidance of $29.95–$30.65.
• The company declared a quarterly dividend of $3.45 per share, equivalent to $13.80 annually and a 2.3% yield. Analysts maintain a consensus “Hold” rating with a target price of $632.39.

Baxter Bros Inc. bought a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,809 shares of the aerospace company's stock, valued at approximately $2,959,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Basso Capital Management L.P. acquired a new position in shares of Lockheed Martin during the fourth quarter worth approximately $25,000. United Financial Planning Group LLC bought a new position in Lockheed Martin in the 3rd quarter worth approximately $25,000. Clarity Asset Management Inc. bought a new position in Lockheed Martin in the 4th quarter valued at $26,000. Triumph Capital Management increased its stake 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 buying an additional 22 shares during the period. Finally, Bard Associates Inc. acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at $27,000. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

Shares of LMT opened at $608.21 on Monday. The stock has a market capitalization of $140.37 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.04 and a beta of 0.10. Lockheed Martin Corporation has a twelve month low of $436.46 and a twelve month high of $692.00. The company has a 50 day moving average of $542.51 and a 200-day moving average of $576.42. 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 announced its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping analysts' consensus estimates of $7.22 by $0.72. The business had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter 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, equities research analysts forecast that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin's payout ratio is presently 50.87%.

Analyst Ratings Changes

LMT has been the topic of several recent research reports. Royal Bank Of Canada raised their target price on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a "sector perform" rating in a research note on Friday, July 24th. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $680.00 to $605.00 and set a "neutral" rating for the company in a research report on Tuesday, May 5th. TD Cowen cut their price target on Lockheed Martin from $600.00 to $560.00 and set a "hold" rating on the stock in a research note on Monday, July 13th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Lockheed Martin in a report on Friday, May 29th. Finally, Weiss Ratings raised Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Lockheed Martin currently has a consensus rating of "Hold" and a consensus target price of $632.39.

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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