Corient Private Wealth LP Acquires 6,936,814 Shares of Lockheed Martin Corporation $LMT

Corient Private Wealth LP lifted its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 3,983.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,110,961 shares of the aerospace company's stock after purchasing an additional 6,936,814 shares during the period. Lockheed Martin accounts for approximately 2.7% of Corient Private Wealth LP's portfolio, making the stock its 6th biggest holding. Corient Private Wealth LP owned 3.08% of Lockheed Martin worth $3,622,750,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. IAG Wealth Partners LLC boosted its holdings in Lockheed Martin by 4,800.0% in the 1st quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 48 shares during the period. United Financial Planning Group LLC bought a new position in shares of Lockheed Martin during the 3rd quarter worth about $25,000. Burnham & Co LLC acquired a new position in shares of Lockheed Martin during the second quarter valued at about $25,000. Basso Capital Management L.P. bought a new stake in shares of Lockheed Martin in the fourth quarter valued at about $25,000. Finally, Clarity Asset Management Inc. bought a new stake in shares of Lockheed Martin in the fourth quarter valued at about $26,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. TD Cowen lowered their price target on Lockheed Martin from $600.00 to $560.00 and set a "hold" rating on the stock in a research note on Monday, July 13th. Morgan Stanley raised their price objective on Lockheed Martin from $653.00 to $690.00 and gave the stock an "equal weight" rating in a research report on Friday, July 24th. Wells Fargo & Company set a $600.00 price objective on Lockheed Martin in a report on Monday, July 27th. Citigroup boosted their price objective on Lockheed Martin from $641.00 to $691.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Finally, Jefferies Financial Group restated a "hold" rating on shares of Lockheed Martin in a research note on Sunday, July 26th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $632.39.

Lockheed Martin Stock Performance

NYSE:LMT opened at $565.68 on Thursday. The firm has a market capitalization of $130.55 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 0.95 and a beta of 0.10. 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 Corporation has a 12-month low of $437.25 and a 12-month high of $692.00. The firm has a 50-day moving average price of $549.59 and a 200 day moving average price of $574.23.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating analysts' consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The company had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the previous year, the business earned $1.46 earnings per share. The company's quarterly 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. Research analysts anticipate that Lockheed Martin Corporation will post 30.39 earnings per share 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 paid a $3.45 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a yield of 2.4%. Lockheed Martin's payout ratio is currently 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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