Commerce Bank Buys New Position in Lockheed Martin Corporation $LMT

Key Points

• Commerce Bank purchased 163,693 Lockheed Martin shares worth approximately $83.4 million in the second quarter, giving it roughly a 0.07% stake. Institutional investors collectively own 74.19% of the company.
• Analyst sentiment remains mixed: Lockheed Martin has an overall “Hold” rating and an average price target of $632.39, despite upgrades from Weiss Ratings and DZ Bank and a price-target cut from TD Cowen.
• Lockheed Martin exceeded quarterly expectations, reporting $7.94 in EPS and $20.06 billion in revenue, while revenue grew 10.5% year over year. The company also declared a quarterly dividend of $3.45 per share, representing a 2.4% yield.

Commerce Bank purchased a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 163,693 shares of the aerospace company's stock, valued at approximately $83,395,000. Commerce Bank owned about 0.07% of Lockheed Martin as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Lockheed Martin during the second quarter worth about $9,617,574,000. Charles Schwab Investment Management Inc. raised its position in shares of Lockheed Martin by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company's stock valued at $4,178,399,000 after purchasing an additional 114,900 shares during the last quarter. Morgan Stanley boosted its stake in Lockheed Martin by 10.1% in the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company's stock worth $2,770,729,000 after purchasing an additional 527,523 shares in the last quarter. Franklin Resources Inc. boosted its stake in Lockheed Martin by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company's stock worth $807,866,000 after purchasing an additional 10,349 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Lockheed Martin by 7.4% in the 4th quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company's stock worth $696,891,000 after purchasing an additional 99,403 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LMT has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. DZ Bank upgraded shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 30th. Wall Street Zen lowered shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 15th. TD Cowen dropped their price objective on shares of Lockheed Martin from $600.00 to $560.00 and set a "hold" rating on the stock in a report on Monday, July 13th. Finally, Royal Bank Of Canada upped their target price on Lockheed Martin from $575.00 to $600.00 and gave the company a "sector perform" rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of "Hold" and an average price target of $632.39.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $564.61 on Friday. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00. The business's 50 day moving average price is $547.80 and its 200 day moving average price is $575.73. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. The firm has a market cap of $130.31 billion, a P/E ratio of 20.81, a P/E/G ratio of 0.97 and a beta of 0.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly 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 company had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same period last year, the firm posted $1.46 EPS. Lockheed Martin'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, sell-side analysts expect that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Announces Dividend

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 issued a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin's payout ratio 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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