Centric Wealth Management Purchases New Shares in Lockheed Martin Corporation $LMT

Key Points

• Centric Wealth Management purchased 6,208 Lockheed Martin shares during the second quarter, valued at approximately $3.2 million. Institutional investors collectively own 74.19% of the company.
• Analyst sentiment remains mixed: Lockheed Martin has an average “Hold” rating and an average price target of $632.39, with recent targets ranging from $581 to $700.
• Lockheed Martin exceeded quarterly expectations, reporting $7.94 in EPS and $20.06 billion in revenue, while revenue rose 10.5% year over year. The company also declared a quarterly dividend of $3.45 per share, equivalent to a 2.3% yield.

Centric Wealth Management purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,208 shares of the aerospace company's stock, valued at approximately $3,217,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors boosted its holdings in Lockheed Martin by 54.7% in the fourth quarter. World Investment Advisors now owns 14,739 shares of the aerospace company's stock valued at $7,129,000 after purchasing an additional 5,214 shares during the last quarter. SG Americas Securities LLC increased its holdings in Lockheed Martin by 5.4% during the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company's stock worth $167,043,000 after purchasing an additional 14,150 shares during the last quarter. Secured Retirement Advisors LLC raised its position in shares of Lockheed Martin by 288.6% in the 4th quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company's stock valued at $1,513,000 after purchasing an additional 2,323 shares in the last quarter. Norris Financial Group LLC acquired a new position in shares of Lockheed Martin in the 1st quarter valued at approximately $2,321,000. Finally, Legal Advantage Investments Inc. purchased a new position in shares of Lockheed Martin during the 1st quarter valued at approximately $1,451,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analyst Weigh In

LMT has been the subject of a number of recent analyst reports. UBS Group reissued a "neutral" rating and set a $581.00 price target on shares of Lockheed Martin in a research report on Friday, July 24th. Wall Street Zen downgraded Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Susquehanna lowered their price objective on Lockheed Martin from $740.00 to $700.00 and set a "positive" rating for the company in a report on Friday, April 24th. Wells Fargo & Company set a $600.00 price objective on Lockheed Martin in a research note on Monday, July 27th. Finally, Citigroup increased their target price on Lockheed Martin from $641.00 to $691.00 and gave the stock a "buy" rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $632.39.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $608.21 on Friday. The company has a market cap of $140.37 billion, a PE ratio of 22.42, a P/E/G ratio of 1.04 and a beta of 0.10. Lockheed Martin Corporation has a fifty-two week low of $436.46 and a fifty-two week high of $692.00. The firm has a 50-day simple moving average of $542.51 and a 200 day simple moving average of $576.46. 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 issued its earnings results 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. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm had revenue of $20.06 billion for the quarter, compared to analysts' expectations of $19.34 billion. During the same quarter last year, the company posted $1.46 earnings per share. Lockheed Martin's revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, sell-side analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

The business 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 $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 2.3%. Lockheed Martin's dividend payout ratio (DPR) is 50.87%.

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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