Beacon Pointe Advisors LLC Purchases 2,296 Shares of Lockheed Martin Corporation $LMT

Beacon Pointe Advisors LLC increased its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 3.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,354 shares of the aerospace company's stock after purchasing an additional 2,296 shares during the quarter. Beacon Pointe Advisors LLC's holdings in Lockheed Martin were worth $31,259,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cerro Pacific Wealth Advisors LLC grew its position in shares of Lockheed Martin by 1.2% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company's stock worth $665,000 after buying an additional 16 shares during the period. Garner Asset Management Corp lifted its holdings in Lockheed Martin by 0.9% in the fourth quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company's stock valued at $839,000 after buying an additional 16 shares during the period. Davis R M Inc. lifted its holdings in Lockheed Martin by 1.3% in the fourth quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company's stock valued at $612,000 after buying an additional 16 shares during the period. Aspire Growth Partners LLC boosted its stake in Lockheed Martin by 0.7% in the fourth quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company's stock valued at $1,217,000 after acquiring an additional 17 shares during the last quarter. Finally, Insigneo Advisory Services LLC boosted its stake in Lockheed Martin by 0.6% in the fourth quarter. Insigneo Advisory Services LLC now owns 2,884 shares of the aerospace company's stock valued at $1,395,000 after acquiring an additional 17 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $563.82 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The stock has a 50 day moving average price of $551.70 and a 200 day moving average price of $573.75. The stock has a market capitalization of $130.12 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.22 by $0.72. The company had revenue of $20.06 billion for the quarter, compared to analysts' expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The business's revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have commented on LMT shares. Robert W. Baird set a $700.00 target price on shares of Lockheed Martin in a report on Friday, July 24th. TD Cowen reduced their price target on Lockheed Martin from $600.00 to $560.00 and set a "hold" rating on the stock in a research report on Monday, July 13th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Lockheed Martin in a research note on Friday, May 29th. Weiss Ratings upgraded Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. Finally, Royal Bank Of Canada increased their target price on Lockheed Martin from $575.00 to $600.00 and gave the company a "sector perform" rating in a research note on Friday, July 24th. 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's stock. According to data from MarketBeat.com, Lockheed Martin 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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