Freestone Grove Partners LP Makes New $27.25 Million Investment in Lockheed Martin Corporation $LMT

Key Points

• Freestone Grove Partners initiated a $27.25 million Lockheed Martin position, purchasing 53,493 shares in the second quarter. Institutional investors and hedge funds collectively own 74.19% of the company.
• Analysts remain broadly cautious, with a consensus “Hold” rating and $632.39 target price, despite Citigroup raising its target to $691 and maintaining a “Buy” rating.
• Lockheed Martin beat quarterly estimates with $7.94 adjusted EPS and $20.06 billion in revenue, up 10.5% year over year. The company also declared a $3.45 quarterly dividend, representing a 2.4% annualized yield.

Freestone Grove Partners LP bought a new stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 53,493 shares of the aerospace company's stock, valued at approximately $27,253,000.

Several other large investors have also recently made changes to their positions in LMT. Brighton Jones LLC boosted its position in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after purchasing an additional 191 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Lockheed Martin by 5.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company's stock worth $451,000 after buying an additional 50 shares during the period. Schnieders Capital Management LLC. raised its stake in shares of Lockheed Martin by 17.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company's stock worth $676,000 after buying an additional 215 shares during the period. Gamco Investors INC. ET AL lifted its position in shares of Lockheed Martin by 36.0% during the 2nd 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 in the last quarter. Finally, Sei Investments Co. lifted its position 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 valued at $40,092,000 after buying an additional 13,300 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on LMT. Royal Bank Of Canada boosted their target price on shares of Lockheed Martin from $575.00 to $600.00 and gave the stock a "sector perform" rating in a research note on Friday, July 24th. UBS Group reaffirmed a "neutral" rating and issued a $581.00 price target on shares of Lockheed Martin in a research note on Friday, July 24th. Robert W. Baird set a $700.00 price objective on Lockheed Martin in a report on Friday, July 24th. Citigroup boosted their price objective on Lockheed Martin from $641.00 to $691.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Finally, Jefferies Financial Group reissued a "hold" rating on shares of Lockheed Martin in a report on Sunday, July 26th. One equities research 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. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $632.39.

Lockheed Martin Stock Up 0.0%

Shares of NYSE LMT opened at $565.81 on Friday. The stock has a market cap of $130.58 billion, a PE ratio of 20.86, a P/E/G ratio of 0.97 and a beta of 0.10. The company has a current ratio of 1.19, a quick ratio of 1.01 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 company has a 50-day moving average of $550.67 and a 200 day moving average of $573.82.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping analysts' consensus estimates of $7.22 by $0.72. The business 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 business's revenue was up 10.5% on a year-over-year basis. During the same period last year, the company posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 30.39 EPS 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 paid 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 2.4%. Lockheed Martin's payout ratio is 50.87%.

Lockheed Martin Company 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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