Foster & Motley Inc. Buys New Shares in Lockheed Martin Corporation $LMT

Key Points

• Foster & Motley Inc. initiated a Lockheed Martin position in the second quarter, purchasing 2,343 shares valued at approximately $1.19 million. Institutional investors and hedge funds collectively own 74.19% of LMT.
• Lockheed Martin reported quarterly results above expectations, with earnings of $7.94 per share and revenue of $20.06 billion, up 10.5% year over year. The company maintained fiscal 2026 EPS guidance of $29.95–$30.65.
• The company declared a quarterly dividend of $3.45 per share, or $13.80 annually, representing a 2.3% yield. Analysts’ consensus rating is Hold, with an average price target of $632.39.

Foster & Motley Inc. 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 filing with the SEC. The fund bought 2,343 shares of the aerospace company's stock, valued at approximately $1,194,000.

Other institutional investors have also recently added to or reduced their stakes in the company. IAG Wealth Partners LLC grew its position in shares of Lockheed Martin by 4,800.0% during the 1st quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company's stock valued at $30,000 after buying an additional 48 shares during the last quarter. United Financial Planning Group LLC acquired a new stake in Lockheed Martin during the 3rd quarter valued at $25,000. Basso Capital Management L.P. purchased a new stake in Lockheed Martin in the 4th quarter worth about $25,000. Clarity Asset Management Inc. purchased a new stake in shares of Lockheed Martin in the fourth quarter worth approximately $26,000. Finally, TD Capital Management LLC grew its position in Lockheed Martin by 450.0% during the fourth quarter. TD Capital Management LLC now owns 55 shares of the aerospace company's stock valued at $27,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Trading Down 2.9%

Shares of NYSE:LMT opened at $589.47 on Thursday. 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's 50-day moving average is $546.85 and its 200-day moving average is $576.25. The company has a market cap of $136.04 billion, a P/E ratio of 21.73, a P/E/G ratio of 1.04 and a beta of 0.10. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its 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. The firm had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities research analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.3%. Lockheed Martin's payout ratio is 50.87%.

Analysts Set New Price Targets

LMT has been the subject of a number of research reports. Citigroup lifted 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. Jefferies Financial Group reissued a "hold" rating on shares of Lockheed Martin in a research note on Sunday, July 26th. Susquehanna cut their price objective on shares of Lockheed Martin from $740.00 to $700.00 and set a "positive" rating on the stock in a research report on Friday, April 24th. DZ Bank raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 30th. 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 report on Tuesday, May 5th. One research 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $632.39.

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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