Chase Investment Counsel Corp Makes New $1.89 Million Investment in Lockheed Martin Corporation $LMT

Key Points

• Chase Investment Counsel purchased 3,719 Lockheed Martin shares worth approximately $1.89 million in the second quarter. 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 reaffirmed 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 an average price target of $632.39.

Chase Investment Counsel Corp purchased a new stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,719 shares of the aerospace company's stock, valued at approximately $1,894,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. World Investment Advisors boosted its stake in shares of Lockheed Martin by 54.7% in the fourth quarter. World Investment Advisors now owns 14,739 shares of the aerospace company's stock worth $7,129,000 after acquiring an additional 5,214 shares during the period. SG Americas Securities LLC boosted its stake in Lockheed Martin by 5.4% in 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 period. Secured Retirement Advisors LLC boosted its stake in Lockheed Martin by 288.6% in the 4th quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company's stock worth $1,513,000 after purchasing an additional 2,323 shares during the period. Norris Financial Group LLC purchased a new stake in Lockheed Martin during the 1st quarter valued at approximately $2,321,000. Finally, Legal Advantage Investments Inc. bought a new stake in shares of Lockheed Martin during the first quarter valued at approximately $1,451,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Down 0.1%

NYSE:LMT opened at $608.21 on Monday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. Lockheed Martin Corporation has a 1-year low of $436.46 and a 1-year 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 firm has a market cap of $140.37 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.04 and a beta of 0.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued 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 company had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. Lockheed Martin's revenue for the quarter was up 10.5% compared to the same quarter last year. 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, research analysts anticipate 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. Stockholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.3%. Lockheed Martin's payout ratio is presently 50.87%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LMT. Morgan Stanley upped their target price on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an "equal weight" rating in a research report on Friday, July 24th. Royal Bank Of Canada lifted their price target on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a "sector perform" rating in a report on Friday, July 24th. Citigroup increased their price objective on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a "buy" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft cut their price objective on Lockheed Martin from $615.00 to $575.00 and set a "hold" rating for the company in a research report on Friday, April 24th. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of Lockheed Martin in a report on Sunday, July 26th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $632.39.

Lockheed Martin Company 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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