Elevation Point Wealth Partners LLC Acquires Shares of 3,482 Lockheed Martin Corporation $LMT

Key Points

• Elevation Point Wealth Partners acquired 3,482 Lockheed Martin shares worth approximately $1.77 million. Institutional investors and hedge funds collectively own 74.19% of the company.
• Analyst views remain mixed, with a consensus “Hold” rating and an average price target of $632.39; recent targets range from $560 to $700.
• Lockheed Martin exceeded quarterly earnings and revenue expectations, reporting $7.94 in EPS and $20.06 billion in revenue. The company also declared a quarterly dividend of $3.45 per share, representing a 2.4% yield.

Elevation Point Wealth Partners LLC acquired a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,482 shares of the aerospace company's stock, valued at approximately $1,774,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after buying an additional 191 shares during the period. Sivia Capital Partners LLC lifted its holdings in Lockheed Martin by 5.4% in the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company's stock valued at $451,000 after acquiring an additional 50 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings in 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 acquiring an additional 215 shares during the last quarter. Gamco Investors INC. ET AL grew its position in Lockheed Martin by 36.0% in 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 shares of Lockheed Martin by 18.2% during the 2nd quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company's stock worth $40,092,000 after purchasing an additional 13,300 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LMT shares. TD Cowen lowered their price objective on shares of Lockheed Martin from $600.00 to $560.00 and set a "hold" rating for the company in a research report on Monday, July 13th. Jefferies Financial Group restated a "hold" rating on shares of Lockheed Martin in a research note on Sunday, July 26th. Citigroup lifted their price objective on Lockheed Martin from $641.00 to $691.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Robert W. Baird set a $700.00 target price on Lockheed Martin in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. cut 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. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $632.39.

Lockheed Martin Trading Up 0.2%

LMT opened at $564.61 on Monday. 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 52 week low of $437.25 and a 52 week high of $692.00. The business's 50 day moving average is $547.80 and its two-hundred day moving average is $575.31. The firm has a market cap of $130.31 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping analysts' consensus estimates of $7.22 by $0.72. The company had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. Lockheed Martin's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, research analysts predict that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin's dividend 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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