Lockheed Martin Corporation $LMT Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 8.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,515 shares of the aerospace company's stock after acquiring an additional 2,689 shares during the period. D.A. Davidson & CO.'s holdings in Lockheed Martin were worth $17,178,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. United Financial Planning Group LLC acquired a new position in Lockheed Martin during the 3rd quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC grew its holdings in Lockheed Martin by 285.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company's stock worth $27,000 after acquiring an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter worth about $27,000. Beacon Financial Strategies CORP acquired a new position in shares of Lockheed Martin during the 4th quarter worth about $34,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Lockheed Martin during the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on LMT. Robert W. Baird upped their price objective on Lockheed Martin from $550.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, January 16th. The Goldman Sachs Group upped their price objective on Lockheed Martin from $464.00 to $517.00 and gave the stock a "sell" rating in a research report on Monday, February 2nd. Morgan Stanley lowered their price objective on Lockheed Martin from $675.00 to $653.00 and set an "equal weight" rating for the company in a research report on Friday. Citigroup upped their target price on shares of Lockheed Martin from $673.00 to $675.00 and gave the company a "neutral" rating in a report on Wednesday, April 1st. Finally, Truist Financial upped their target price on shares of Lockheed Martin from $605.00 to $695.00 and gave the company a "buy" rating in a report on Friday, January 30th. Seven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $632.58.

Lockheed Martin Stock Up 0.0%

Shares of NYSE LMT opened at $513.45 on Tuesday. The stock has a market cap of $118.38 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 0.92 and a beta of 0.23. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $692.00. The business has a 50-day moving average price of $625.56 and a 200 day moving average price of $553.54.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.79 by ($0.35). The firm had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm's revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the company earned $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities research analysts forecast that Lockheed Martin Corporation will post 29.97 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 2nd were paid a dividend of $3.45 per share. The ex-dividend date was Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. Lockheed Martin's dividend payout ratio is currently 66.83%.

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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