Junto Capital Management LP Buys 13,255 Shares of Lockheed Martin Corporation $LMT

Key Points

• Junto Capital Management increased its Lockheed Martin stake by 17.7% in the second quarter, purchasing 13,255 shares and bringing its holdings to 88,117 shares valued at approximately $44.9 million. Institutional investors collectively own 74.19% of the company.
• Analyst sentiment is mixed but improving: UBS upgraded Lockheed Martin to Buy and raised its price target to $674, while the broader analyst consensus remains Hold with an average target of $637.56.
• Lockheed Martin reported quarterly EPS of $7.94 and revenue of $20.06 billion, exceeding estimates, and declared a quarterly dividend of $3.45, equivalent to a 2.6% annualized yield.

Junto Capital Management LP increased its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 17.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,117 shares of the aerospace company's stock after purchasing an additional 13,255 shares during the quarter. Junto Capital Management LP's holdings in Lockheed Martin were worth $44,892,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Basso Capital Management L.P. purchased a new stake in Lockheed Martin in the fourth quarter worth $25,000. Burnham & Co LLC purchased a new position in shares of Lockheed Martin during the 2nd quarter valued at $25,000. United Financial Planning Group LLC bought a new position in shares of Lockheed Martin during the 3rd quarter worth $25,000. Clarity Asset Management Inc. bought a new position in shares of Lockheed Martin during the 4th quarter worth $26,000. Finally, Field & Main Bank purchased a new stake in Lockheed Martin in the 2nd quarter worth about $26,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analysts Set New Price Targets

LMT has been the topic of several recent research reports. Wall Street Zen raised shares of Lockheed Martin from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 29th. UBS Group raised shares of Lockheed Martin from a "neutral" rating to a "buy" rating and boosted their price target for the company from $581.00 to $674.00 in a research report on Tuesday. TD Cowen dropped their price target on shares of Lockheed Martin from $600.00 to $560.00 and set a "hold" rating on the stock in a research note on Monday, July 13th. Weiss Ratings raised shares of Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. Finally, 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 research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of "Hold" and an average target price of $637.56.

Lockheed Martin News Roundup

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Ukraine-related Patriot demand: The European Union approved Ukraine’s purchase of Patriot air-defense systems, potentially benefiting Lockheed Martin as Western governments replenish missile inventories and expand their arsenals. Lockheed Poised to Benefit as EU Approves Ukraine’s Purchase of Patriot Missiles
• Positive Sentiment: UBS upgrade and missile growth outlook: UBS upgraded LMT to Buy from Neutral and raised its price target to $674 from $581, citing underappreciated missile demand, F-35 sustainment revenue and other multiyear defense programs. UBS projects Lockheed’s missiles and fire-control revenue could grow 150% through 2030. UBS upgrades Lockheed Martin to Buy, sees 26% upside on missile growth
• Positive Sentiment: International order activity: Sweden agreed to purchase a Lockheed Martin missile system in a deal valued at approximately $729 million, adding to evidence of strong global demand. Sweden to buy Lockheed Martin missile system in $729M deal
• Positive Sentiment: PAC-3 production support: Lockheed awarded L3Harris a $4.7 billion contract for PAC-3 MSE propulsion, supporting the expansion of a key missile-defense program and its supply chain. Lockheed Martin Awards L3Harris $4.7 Billion PAC-3 MSE Propulsion Contract
• Neutral Sentiment: Sector sentiment remains mixed: Analysts continue to view rising global defense budgets as a multiyear tailwind, but defense stocks have recently lagged amid broader market and geopolitical uncertainty. The contrast may be encouraging short-term consolidation even as LMT’s long-term outlook improves. Time to Buy the Dip on Defense Stocks?

Lockheed Martin Stock Down 2.1%

LMT stock opened at $524.85 on Thursday. The stock has a 50-day simple moving average of $556.64 and a two-hundred day simple moving average of $567.05. Lockheed Martin Corporation has a twelve month low of $437.25 and a twelve month high of $692.00. The firm has a market capitalization of $121.13 billion, a PE ratio of 19.35, a PEG ratio of 1.17 and a beta of 0.10. 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 (NYSE:LMT - Get Free Report) last released its quarterly earnings data 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 analyst estimates 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 was up 10.5% compared to the same quarter last year. During the same period last year, the business earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities analysts predict that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company 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 2.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin's dividend payout ratio (DPR) is presently 50.87%.

About Lockheed Martin

Lockheed Martin Corporation is a global aerospace, defense and technology company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense serving as its largest customer. Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

The company's products and services include military aircraft such as the F-35 Lightning II, F-16 and C-130; air and missile defense systems; precision weapons; helicopters and maritime systems; radar, sensors and command-and-control technologies; satellites; space exploration systems; and missile-warning and strategic defense capabilities.

Lockheed Martin was created in 1995 through the merger of Lockheed Corporation and Martin Marietta.

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