Old West Investment Management LLC Invests $24.68 Million in Lockheed Martin Corporation $LMT

Key Points

• Old West Investment Management acquired 48,441 Lockheed Martin shares worth approximately $24.68 million, making LMT its fourth-largest holding at 2.6% of the portfolio.
• Lockheed Martin reported quarterly EPS of $7.94, beating estimates by $0.72, while revenue rose 10.5% year over year to $20.06 billion. The company expects fiscal 2026 EPS of $29.95–$30.65.
• The company declared a quarterly dividend of $3.45 per share, or $13.80 annually, representing a 2.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $632.39.

Old West Investment Management LLC bought a new stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 48,441 shares of the aerospace company's stock, valued at approximately $24,679,000. Lockheed Martin accounts for approximately 2.6% of Old West Investment Management LLC's holdings, making the stock its 4th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LMT. World Investment Advisors lifted its stake 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 in the last quarter. SG Americas Securities LLC increased its position in shares of Lockheed Martin by 5.4% in the first 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 in the last quarter. Secured Retirement Advisors LLC increased its position in shares of Lockheed Martin by 288.6% in the fourth quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company's stock worth $1,513,000 after acquiring an additional 2,323 shares in the last quarter. Norris Financial Group LLC acquired a new stake in shares of Lockheed Martin during the first quarter valued at approximately $2,321,000. Finally, Legal Advantage Investments Inc. acquired a new stake in shares of Lockheed Martin during the first quarter valued at approximately $1,451,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Price Performance

NYSE LMT opened at $608.21 on Monday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The firm has a market capitalization of $140.37 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.04 and a beta of 0.10. The company has a 50 day simple moving average of $542.51 and a 200-day simple moving average of $576.42. Lockheed Martin Corporation has a 52-week low of $436.46 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 EPS for the quarter, beating analysts' consensus estimates of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the previous year, the firm posted $1.46 earnings per share. The firm's revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities research analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.3%. Lockheed Martin's dividend payout ratio (DPR) is 50.87%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $680.00 to $605.00 and set a "neutral" rating for the company in a research report on Tuesday, May 5th. Robert W. Baird set a $700.00 price objective on shares of Lockheed Martin in a research report on Friday, July 24th. TD Cowen cut their target price 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. Morgan Stanley increased their target price on Lockheed Martin from $653.00 to $690.00 and gave the company an "equal weight" rating in a report on Friday, July 24th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Lockheed Martin in a research report on Friday, May 29th. One equities research 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $632.39.

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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