Jackson Wealth Management LLC Decreases Stock Position in Lockheed Martin Corporation $LMT

Key Points

• Jackson Wealth Management cut its Lockheed Martin position by 93.2% in the second quarter, selling 9,591 shares and retaining 700 shares valued at approximately $356,000.
• Institutional investors own 74.19% of Lockheed Martin, while analyst sentiment remains mixed: the stock has a consensus “Hold” rating and an average price target of $632.39.
• Lockheed Martin reported quarterly EPS of $7.94, beating estimates by $0.72, and revenue rose 10.5% year over year to $20.06 billion. The company also declared a quarterly dividend of $3.45 per share, representing a 2.5% yield.

Jackson Wealth Management LLC trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 93.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 700 shares of the aerospace company's stock after selling 9,591 shares during the quarter. Jackson Wealth Management LLC's holdings in Lockheed Martin were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of LMT. BlackRock Inc. bought a new position in Lockheed Martin during the 2nd quarter valued at about $9,617,574,000. Charles Schwab Investment Management Inc. boosted its position in shares of Lockheed Martin by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company's stock valued at $4,178,399,000 after buying an additional 114,900 shares during the period. Corient Private Wealth LP purchased a new position in shares of Lockheed Martin during the second quarter valued at approximately $101,960,000. Morgan Stanley grew its stake in shares of Lockheed Martin by 10.1% during the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company's stock valued at $2,770,729,000 after buying an additional 527,523 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Lockheed Martin by 0.6% during the fourth quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company's stock valued at $807,866,000 after buying an additional 10,349 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on LMT shares. UBS Group reissued a "neutral" rating and set a $581.00 price target on shares of Lockheed Martin in a research note on Friday, July 24th. Wall Street Zen raised shares of Lockheed Martin from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Weiss Ratings raised shares of Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. Royal Bank Of Canada lifted their price objective on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a "sector perform" rating in a report on Friday, July 24th. Finally, Robert W. Baird set a $700.00 target price on shares of Lockheed Martin in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $632.39.

Lockheed Martin Price Performance

Shares of LMT stock opened at $561.83 on Tuesday. The stock's 50-day moving average is $553.07 and its 200 day moving average is $572.82. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. Lockheed Martin Corporation has a 1-year low of $437.25 and a 1-year high of $692.00. The company has a market cap of $129.66 billion, a P/E ratio of 20.71, a PEG ratio of 0.97 and a beta of 0.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating analysts' consensus estimates of $7.22 by $0.72. The company had revenue of $20.06 billion during the quarter, compared to analysts' expectations of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. Lockheed Martin'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 posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Research analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin's dividend payout ratio (DPR) is currently 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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