Dearborn Partners LLC bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,852 shares of the aerospace company's stock, valued at approximately $1,119,000.
Other institutional investors also recently bought and sold shares of the company. United Financial Planning Group LLC bought a new stake in shares of Lockheed Martin in the third quarter worth about $25,000. Basso Capital Management L.P. purchased a new stake in shares of Lockheed Martin in the fourth quarter worth about $25,000. Burnham & Co LLC bought a new position in Lockheed Martin during the second quarter valued at approximately $25,000. Triumph Capital Management boosted its stake in Lockheed Martin by 66.7% during the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company's stock valued at $26,000 after buying an additional 22 shares during the last quarter. Finally, Clarity Asset Management Inc. purchased a new position in Lockheed Martin during the 4th quarter valued at approximately $26,000. 74.19% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
LMT has been the topic of a number of research reports. Robert W. Baird set a $700.00 price objective on Lockheed Martin in a report on Friday, July 24th. UBS Group reissued a "neutral" rating and issued a $581.00 target price on shares of Lockheed Martin in a report on Friday, July 24th. Wall Street Zen cut shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 15th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Lockheed Martin in a research note on Friday, May 29th. Finally, Weiss Ratings upgraded shares of Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $632.39.
Check Out Our Latest Report on LMT
Lockheed Martin Price Performance
Shares of Lockheed Martin stock opened at $565.81 on Friday. The stock has a market cap of $130.58 billion, a price-to-earnings ratio of 20.86, 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. The stock has a 50 day moving average price of $550.67 and a 200-day moving average price of $573.82. Lockheed Martin Corporation has a one year low of $437.25 and a one year high of $692.00.
Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $19.34 billion. During the same quarter in the prior year, the firm posted $1.46 EPS. Lockheed Martin's quarterly revenue 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. Equities analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current year.
Lockheed Martin Dividend Announcement
The company 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 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 yield of 2.4%. Lockheed Martin's payout ratio is 50.87%.
About Lockheed Martin
(
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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