Sanctuary Advisors LLC Makes New Investment in Lockheed Martin Corporation $LMT

Key Points

• Sanctuary Advisors LLC purchased 57,477 Lockheed Martin shares during the second quarter, valued at approximately $29.3 million. Institutional investors collectively own 74.19% of the company.
• Lockheed Martin exceeded quarterly expectations, reporting $7.94 in earnings per share and $20.06 billion in revenue, with revenue up 10.5% year over year. Analysts maintain a consensus “Hold” rating and a target price of $632.39.
• The company declared a quarterly dividend of $3.45 per share, equivalent to $13.80 annually and a 2.4% yield, payable September 25 to shareholders of record as of September 1.

Sanctuary Advisors LLC purchased a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 57,477 shares of the aerospace company's stock, valued at approximately $29,282,000.

Other large investors also recently bought and sold shares of the company. World Investment Advisors increased its position in shares of Lockheed Martin by 54.7% in the fourth quarter. World Investment Advisors now owns 14,739 shares of the aerospace company's stock worth $7,129,000 after acquiring an additional 5,214 shares in the last quarter. SG Americas Securities LLC boosted its position in Lockheed Martin by 5.4% during the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company's stock worth $167,043,000 after purchasing an additional 14,150 shares during the period. Secured Retirement Advisors LLC increased its holdings in Lockheed Martin by 288.6% in the 4th quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company's stock valued at $1,513,000 after purchasing an additional 2,323 shares in the last quarter. Norris Financial Group LLC purchased a new position in Lockheed Martin in the first quarter valued at about $2,321,000. Finally, Legal Advantage Investments Inc. acquired a new position in shares of Lockheed Martin during the first quarter worth about $1,451,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LMT. Weiss Ratings raised Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 13th. TD Cowen decreased their target price 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. Robert W. Baird set a $700.00 price objective on shares of Lockheed Martin in a report on Friday, July 24th. UBS Group reissued a "neutral" rating and issued a $581.00 price objective on shares of Lockheed Martin in a research report on Friday, July 24th. Finally, Jefferies Financial Group restated a "hold" rating on shares of Lockheed Martin in a research note on Sunday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight 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 has an average rating of "Hold" and a consensus target price of $632.39.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $564.61 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00. The firm has a 50-day simple moving average of $547.80 and a 200 day simple moving average of $575.31. The company has a market cap of $130.31 billion, a PE ratio of 20.81, a P/E/G ratio of 0.97 and a beta of 0.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating analysts' consensus estimates of $7.22 by $0.72. The company had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.Lockheed Martin's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, sell-side analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

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 $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.4%. 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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