Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 233,616 shares of the aerospace company's stock, valued at approximately $119,018,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.10% of Lockheed Martin at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. Brighton Jones LLC grew its position in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after purchasing an additional 191 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Lockheed Martin by 5.4% in the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company's stock worth $451,000 after buying an additional 50 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in shares of Lockheed Martin by 17.3% in the second quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company's stock worth $676,000 after buying an additional 215 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in Lockheed Martin by 36.0% during the second quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company's stock worth $1,042,000 after acquiring an additional 595 shares during the period. Finally, Sei Investments Co. grew its holdings in Lockheed Martin by 18.2% during the second quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company's stock worth $40,092,000 after acquiring an additional 13,300 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
LMT has been the topic of several recent research reports. Jefferies Financial Group restated a "hold" rating on shares of Lockheed Martin in a research report on Sunday, July 26th. 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 decreased their target price on shares of Lockheed Martin from $600.00 to $560.00 and set a "hold" rating for the company in a research note on Monday, July 13th. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a report on Friday, July 24th. Finally, Wells Fargo & Company set a $600.00 price target on shares of Lockheed Martin in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $632.39.
Check Out Our Latest Stock Analysis on Lockheed Martin
Lockheed Martin Stock Performance
Shares of LMT stock opened at $564.61 on Monday. The company has a market capitalization 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. The business's 50 day moving average is $547.80 and its two-hundred day moving average is $575.31. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. Lockheed Martin Corporation has a 12-month low of $437.25 and a 12-month high of $692.00.
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, beating the consensus estimate of $7.22 by $0.72. The company had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.Lockheed Martin's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.
Lockheed Martin Dividend Announcement
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. This represents a $13.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin's payout ratio is presently 50.87%.
Lockheed Martin Company Profile
(
Free Report)
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.
Further Reading
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