Jupiter Topco LLC Acquires New Shares in Lockheed Martin Corporation $LMT

Key Points

• Jupiter Topco LLC acquired 13,071 Lockheed Martin shares during the second quarter, valued at approximately $6.65 million. Institutional investors collectively own 74.19% of the company.
• Lockheed Martin reported quarterly earnings of $7.94 per share, beating estimates of $7.22, while revenue rose 10.5% year over year to $20.06 billion.
• The company declared a quarterly dividend of $3.45 per share, equivalent to an annualized $13.80 payout and a 2.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $632.39.

Jupiter Topco LLC acquired a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 13,071 shares of the aerospace company's stock, valued at approximately $6,654,000.

Other hedge funds have also bought and sold shares of the company. World Investment Advisors increased its holdings in Lockheed Martin by 54.7% during the fourth quarter. World Investment Advisors now owns 14,739 shares of the aerospace company's stock valued at $7,129,000 after buying an additional 5,214 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Lockheed Martin by 5.4% during the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company's stock worth $167,043,000 after acquiring an additional 14,150 shares during the last quarter. Norris Financial Group LLC bought a new stake in shares of Lockheed Martin during the 1st quarter valued at $2,321,000. Legal Advantage Investments Inc. bought a new stake in shares of Lockheed Martin during the 1st quarter valued at $1,451,000. Finally, Versor Investments LP grew its position in shares of Lockheed Martin by 220.4% during the 4th quarter. Versor Investments LP now owns 5,997 shares of the aerospace company's stock valued at $2,901,000 after acquiring an additional 4,125 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Down 0.0%

Shares of LMT stock opened at $563.82 on Monday. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00. 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 capitalization of $130.12 billion, a PE ratio of 20.78, a PEG ratio of 0.97 and a beta of 0.10. The stock has a fifty day simple moving average of $551.70 and a two-hundred day simple moving average of $573.30.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating the consensus estimate of $7.22 by $0.72. The business had revenue of $20.06 billion for 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 business's revenue was up 10.5% on a year-over-year basis. During the same period in the previous 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, analysts predict that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin's dividend payout ratio (DPR) is 50.87%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LMT shares. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a report on Monday, July 27th. TD Cowen reduced their price target on Lockheed Martin from $600.00 to $560.00 and set a "hold" rating for the company in a research report on Monday, July 13th. UBS Group reaffirmed a "neutral" rating and issued a $581.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. Morgan Stanley lifted their price objective on Lockheed Martin from $653.00 to $690.00 and gave the company an "equal weight" rating in a research report on Friday, July 24th. Finally, Robert W. Baird set a $700.00 target price on shares of Lockheed Martin in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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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