Cookson Peirce & Co. Inc. Takes Position in Lockheed Martin Corporation $LMT

Key Points

• Cookson Peirce & Co. Inc. initiated a Lockheed Martin position by purchasing 2,495 shares valued at approximately $1.27 million. Institutional investors collectively own 74.19% of the company.
• Analysts maintain a generally neutral outlook, with Lockheed Martin receiving an average “Hold” rating and a consensus price target of $632.39 versus its reported opening price of $563.82.
• Lockheed Martin exceeded quarterly expectations, reporting $7.94 in earnings per share and $20.06 billion in revenue, while announcing a quarterly dividend of $3.45 per share, equivalent to a 2.4% annualized yield.

Cookson Peirce & Co. Inc. bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,495 shares of the aerospace company's stock, valued at approximately $1,271,000.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after purchasing an additional 191 shares during the last quarter. Sivia Capital Partners LLC raised 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 purchasing an additional 50 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings 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 valued at $676,000 after purchasing an additional 215 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of 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 valued at $1,042,000 after buying an additional 595 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Lockheed Martin by 18.2% during the second quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company's stock valued at $40,092,000 after buying an additional 13,300 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on LMT shares. Sanford C. Bernstein reiterated a "market perform" rating on shares of Lockheed Martin in a report on Friday, May 29th. Royal Bank Of Canada increased their price target on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a "sector perform" rating in a research report on Friday, July 24th. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a research report on Monday, July 27th. JPMorgan Chase & Co. dropped their price target on shares of Lockheed Martin from $680.00 to $605.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 5th. Finally, UBS Group reissued a "neutral" rating and set a $581.00 price objective on shares of Lockheed Martin in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $632.39.

Lockheed Martin Trading Down 0.0%

LMT stock opened at $563.82 on Monday. The company 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. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. Lockheed Martin Corporation has a one year low of $437.25 and a one year high of $692.00. The company's 50 day moving average price is $551.70 and its two-hundred day moving average price is $573.30.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results 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 net margin of 8.16% and a return on equity of 91.42%. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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

About Lockheed Martin

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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