Leigh Baldwin & CO. LLC Takes Position in Lockheed Martin Corporation $LMT

Key Points

• Leigh Baldwin & Co. LLC acquired 2,040 Lockheed Martin shares worth approximately $1.04 million in the second quarter. Hedge funds and other institutional investors collectively own 74.19% of the company.
• Lockheed Martin exceeded quarterly expectations, reporting $7.94 in earnings per share and $20.06 billion in revenue, with revenue up 10.5% year over year. Analysts expect approximately $30.39 in full-year EPS, in line with the company’s 2026 guidance.
• The stock carries a consensus “Hold” rating and a $632.39 price target. Lockheed Martin also announced a quarterly dividend of $3.45 per share, representing a 2.4% annualized yield.

Leigh Baldwin & CO. LLC purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,040 shares of the aerospace company's stock, valued at approximately $1,039,000.

Other large investors have also recently added to or reduced their stakes in the company. Cerro Pacific Wealth Advisors LLC boosted its holdings in Lockheed Martin by 1.2% in the 4th 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 in the last quarter. Garner Asset Management Corp raised its stake in shares of Lockheed Martin by 0.9% during the 4th quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company's stock worth $839,000 after buying an additional 16 shares in the last quarter. Davis R M Inc. raised its stake in shares of Lockheed Martin by 1.3% during the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company's stock worth $612,000 after buying an additional 16 shares in the last quarter. Aspire Growth Partners LLC raised its stake in shares of Lockheed Martin by 0.7% during the 4th quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company's stock worth $1,217,000 after buying an additional 17 shares in the last quarter. Finally, Insigneo Advisory Services LLC lifted its holdings in shares of Lockheed Martin by 0.6% in the 4th quarter. Insigneo Advisory Services LLC now owns 2,884 shares of the aerospace company's stock valued at $1,395,000 after buying an additional 17 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of analyst reports. DZ Bank upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 30th. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 15th. Jefferies Financial Group reiterated a "hold" rating on shares of Lockheed Martin in a research report on Sunday, July 26th. UBS Group reissued a "neutral" rating and issued a $581.00 target price on shares of Lockheed Martin in a report on Friday, July 24th. Finally, Sanford C. Bernstein restated a "market perform" rating on shares of Lockheed Martin in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $632.39.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $564.61 on Monday. The business's 50 day simple moving average is $547.80 and its 200-day simple moving average is $575.31. The firm has a market capitalization of $130.31 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10. 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 12 month low of $437.25 and a 12 month high of $692.00.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly 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. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The business had revenue of $20.06 billion for the quarter, compared to analysts' expectations of $19.34 billion. During the same quarter in the prior year, the firm posted $1.46 EPS. The company's revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities analysts forecast that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a yield of 2.4%. Lockheed Martin's dividend 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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