Pacific Heights Asset Management LLC Buys 10,000 Shares of Lockheed Martin Corporation $LMT

Key Points

• Pacific Heights Asset Management increased its Lockheed Martin stake by 9.5%, purchasing 10,000 additional shares to reach 115,000 shares valued at approximately $58.6 million. Institutional investors collectively own 74.19% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $632.39; recent targets range from $560 to $700.
• Lockheed Martin reported quarterly EPS of $7.94, exceeding estimates by $0.72, while revenue rose 10.5% year over year to $20.06 billion. The company also announced a quarterly dividend of $3.45 per share, representing a 2.4% annualized yield.

Pacific Heights Asset Management LLC increased its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 9.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,000 shares of the aerospace company's stock after buying an additional 10,000 shares during the period. Lockheed Martin accounts for about 1.9% of Pacific Heights Asset Management LLC's portfolio, making the stock its 11th largest position. Pacific Heights Asset Management LLC's holdings in Lockheed Martin were worth $58,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Basso Capital Management L.P. bought a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $25,000. Burnham & Co LLC purchased a new stake in shares of Lockheed Martin in the second quarter valued at approximately $25,000. United Financial Planning Group LLC bought a new position in Lockheed Martin in the third quarter worth approximately $25,000. Clarity Asset Management Inc. purchased a new position in Lockheed Martin during the 4th quarter worth $26,000. Finally, Triumph Capital Management increased its holdings 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. Institutional investors own 74.19% of the company's stock.

Analysts Set New Price Targets

LMT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on 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 target on Lockheed Martin in a research note on Friday, July 24th. DZ Bank upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 30th. TD Cowen lowered their price objective on shares of Lockheed Martin from $600.00 to $560.00 and set a "hold" rating for the company in a research note on Monday, July 13th. Finally, Sanford C. Bernstein reiterated a "market perform" rating on shares of Lockheed Martin in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock 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 $565.81 on Friday. The firm has a 50 day moving average of $550.67 and a 200 day moving average of $573.82. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. The company has a market capitalization of $130.58 billion, a price-to-earnings ratio of 20.86, 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 earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the firm earned $1.46 EPS. The business's revenue for the quarter was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given 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 yield of 2.4%. Lockheed Martin's dividend payout ratio (DPR) is presently 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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