OMC Financial Services LTD Invests $3.18 Million in Lockheed Martin Corporation $LMT

Key Points

• OMC Financial Services acquired 6,235 Lockheed Martin shares worth approximately $3.18 million in the second quarter, making LMT 1.1% of its portfolio. Institutional investors collectively own 74.19% of the company.
• Lockheed Martin exceeded quarterly expectations, reporting $7.94 in earnings per share versus the $7.22 consensus and $20.06 billion in revenue, up 10.5% year over year.
• Analysts maintain a consensus “Hold” rating with a $632.39 price target, while the company declared a quarterly dividend of $3.45 per share, equivalent to a 2.3% annual yield.

OMC Financial Services LTD bought a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,235 shares of the aerospace company's stock, valued at approximately $3,177,000. Lockheed Martin comprises 1.1% of OMC Financial Services LTD's investment portfolio, making the stock its 26th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in LMT. Basso Capital Management L.P. purchased a new stake in Lockheed Martin in the fourth quarter valued at approximately $25,000. United Financial Planning Group LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at $25,000. Clarity Asset Management Inc. purchased a new stake in Lockheed Martin in the 4th quarter valued at $26,000. Triumph Capital Management boosted its stake in Lockheed Martin by 66.7% during the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company's stock worth $26,000 after purchasing an additional 22 shares during the period. Finally, Bard Associates Inc. acquired a new stake in Lockheed Martin during the 4th quarter worth $27,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Bank of America dropped their price objective on shares of Lockheed Martin from $660.00 to $600.00 and set a "neutral" rating on the stock in a research note on Friday, April 24th. BNP Paribas Exane decreased their target price on shares of Lockheed Martin from $770.00 to $680.00 and set an "outperform" rating for the company in a research note on Friday, April 24th. UBS Group reissued a "neutral" rating and set a $581.00 price target on shares of Lockheed Martin in a report on Friday, July 24th. Citigroup boosted their price target on Lockheed Martin from $641.00 to $691.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $632.39.

Lockheed Martin Stock Down 0.1%

Shares of Lockheed Martin stock opened at $608.21 on Monday. Lockheed Martin Corporation has a one year low of $436.46 and a one year high of $692.00. The company has a market cap of $140.37 billion, a P/E ratio of 22.42, a PEG ratio of 1.04 and a beta of 0.10. 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 fifty day moving average of $542.51 and a two-hundred day moving average of $576.42.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the previous year, the firm earned $1.46 earnings per share. The business's quarterly 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. On average, analysts forecast that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed 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. This represents a $13.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin's payout ratio 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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