NS Partners Ltd Has $14.12 Million Holdings in Lockheed Martin Corporation $LMT

Key Points

• NS Partners reduced its Lockheed Martin stake by 12.7% in the second quarter, selling 4,018 shares and retaining 27,709 shares valued at approximately $14.12 million. Institutional investors and hedge funds collectively own 74.19% of the company.
• Analysts maintain a consensus “Hold” rating on LMT, with an average price target of $632.39. Recent targets range from $560 to $691, including a “Buy” rating from Citigroup.
• Lockheed Martin exceeded quarterly expectations, reporting $7.94 EPS and $20.06 billion in revenue, with revenue up 10.5% year over year. The company also declared a quarterly dividend of $3.45 per share, equivalent to a 2.5% annual yield.

NS Partners Ltd lessened its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 12.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 27,709 shares of the aerospace company's stock after selling 4,018 shares during the period. NS Partners Ltd's holdings in Lockheed Martin were worth $14,117,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of LMT. Brighton Jones LLC grew its stake in Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after acquiring an additional 191 shares during the period. Sivia Capital Partners LLC grew its position in shares of Lockheed Martin by 5.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company's stock valued at $451,000 after purchasing an additional 50 shares during the period. Schnieders Capital Management LLC. increased its stake in Lockheed Martin by 17.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company's stock worth $676,000 after purchasing an additional 215 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in Lockheed Martin by 36.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company's stock worth $1,042,000 after buying an additional 595 shares during the period. Finally, Sei Investments Co. lifted its stake in Lockheed Martin by 18.2% in the second quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company's stock valued at $40,092,000 after buying an additional 13,300 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LMT has been the subject of several research reports. Sanford C. Bernstein reissued a "market perform" rating on shares of Lockheed Martin in a research report on Friday, May 29th. Wells Fargo & Company set a $600.00 target price on shares of Lockheed Martin in a research note on Monday, July 27th. Morgan Stanley lifted their price target on Lockheed Martin from $653.00 to $690.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. TD Cowen cut their price target on Lockheed Martin from $600.00 to $560.00 and set a "hold" rating on the stock in a report on Monday, July 13th. Finally, Citigroup increased their price objective on Lockheed Martin from $641.00 to $691.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $632.39.

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $561.83 on Tuesday. 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 stock has a 50 day moving average price of $553.07 and a 200 day moving average price of $572.82. The stock has a market capitalization of $129.66 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) 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 company 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 business posted $1.46 EPS. The business'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. Analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share 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 paid a $3.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.5%. Lockheed Martin's dividend payout ratio (DPR) is currently 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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