Haverford Trust Co Purchases Shares of 40,161 Lockheed Martin Corporation $LMT

Key Points

• Haverford Trust Co. acquired 40,161 Lockheed Martin shares during the second quarter, worth approximately $20.46 million. Institutional investors and hedge funds collectively own 74.19% of the company.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and average price target of $632.39, despite some target-price increases and one recent downgrade.
• Lockheed Martin exceeded quarterly earnings and revenue expectations, reporting $7.94 EPS and $20.06 billion in revenue. The company also declared a quarterly dividend of $3.45 per share, equivalent to a 2.4% yield.

Haverford Trust Co bought a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 40,161 shares of the aerospace company's stock, valued at approximately $20,460,000.

A number of other large investors also recently modified their holdings of the business. Cerro Pacific Wealth Advisors LLC boosted its position in Lockheed Martin by 1.2% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company's stock valued at $665,000 after purchasing an additional 16 shares during the last quarter. Garner Asset Management Corp boosted its position in Lockheed Martin by 0.9% during the fourth quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company's stock worth $839,000 after purchasing an additional 16 shares during the period. Davis R M Inc. grew its stake in Lockheed Martin by 1.3% in the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company's stock valued at $612,000 after buying an additional 16 shares during the last quarter. Broadway Wealth Solutions Inc. grew its position in shares of Lockheed Martin by 3.6% in the fourth quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company's stock valued at $234,000 after purchasing an additional 17 shares during the last quarter. Finally, Aspire Growth Partners LLC grew its holdings in Lockheed Martin by 0.7% in the 4th quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company's stock valued at $1,217,000 after buying an additional 17 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LMT has been the topic of several recent research reports. Morgan Stanley raised their target price on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an "equal weight" rating in a report 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. JPMorgan Chase & Co. cut their price objective on shares of Lockheed Martin from $680.00 to $605.00 and set a "neutral" rating for the company in a research report on Tuesday, May 5th. Royal Bank Of Canada increased their price objective 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. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of "Hold" and an average target price of $632.39.

Lockheed Martin Trading Down 1.2%

Shares of LMT opened at $564.61 on Friday. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00. The business's fifty day moving average is $547.80 and its 200-day moving average is $575.73. 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 firm has a market cap of $130.31 billion, a price-to-earnings ratio of 20.81, a PEG 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 earnings per share for the quarter, topping the consensus estimate of $7.22 by $0.72. The business 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%.Lockheed Martin's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period 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 analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS 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 issued a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend 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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