Rockbridge Asset Management LLC Buys New Position in Lockheed Martin Corporation $LMT

Key Points

• Rockbridge Asset Management purchased 15,739 Lockheed Martin shares worth approximately $8.0 million, making LMT 5.2% of its portfolio and its 10th-largest holding. Institutional investors collectively own 74.19% of the company.
• Lockheed Martin exceeded quarterly expectations, reporting $7.94 in EPS and $20.06 billion in revenue, with revenue up 10.5% year over year. The company set fiscal 2026 EPS guidance at $29.95–$30.65.
• Analyst sentiment is mixed, with the stock carrying a consensus “Hold” rating and an average price target of $632.39. Lockheed Martin also declared a quarterly dividend of $3.45, equivalent to an annualized yield of about 2.3%.

Rockbridge Asset Management LLC purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 15,739 shares of the aerospace company's stock, valued at approximately $8,018,000. Lockheed Martin accounts for 5.2% of Rockbridge Asset Management LLC's portfolio, making the stock its 10th largest holding.

Several other hedge funds have also recently made changes to their positions in LMT. Patrick Mauro Investment Advisor INC. bought a new stake in Lockheed Martin in the second quarter valued at $4,116,000. Dala Group LLC bought a new position in shares of Lockheed Martin during the 2nd quarter worth about $218,000. Catalyst Investment Management LLC acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at about $259,000. Chancellor Financial Group WB LP acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at about $205,000. Finally, Great Lakes Advisors LLC bought a new stake in Lockheed Martin in the 2nd quarter valued at about $9,292,000. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LMT shares. UBS Group reaffirmed a "neutral" rating and issued a $581.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. Morgan Stanley raised their price target on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an "equal weight" rating in a research report on Friday, July 24th. Susquehanna decreased their price objective on Lockheed Martin from $740.00 to $700.00 and set a "positive" rating for the company in a report on Friday, April 24th. TD Cowen dropped their target price 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, Wall Street Zen downgraded Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $632.39.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $589.47 on Thursday. The stock has a market cap of $136.04 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.04 and a beta of 0.10. 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 business has a 50-day simple moving average of $546.85 and a 200 day simple moving average of $576.25. 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 EPS for the quarter, beating the consensus estimate of $7.22 by $0.72. The firm had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The company's revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, research analysts forecast that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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

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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