W1M Asset Management Ltd Takes $2.04 Million Position in Lockheed Martin Corporation $LMT

Key Points

• W1M Asset Management purchased 4,005 Lockheed Martin shares worth approximately $2.04 million, while institutional investors collectively own 74.19% of the company.
• Analyst sentiment remains mixed: Lockheed Martin has a consensus “Hold” rating and an average price target of $632.39, despite Citigroup raising its target to $691 and maintaining a “Buy” rating.
• The company exceeded quarterly expectations with $7.94 in earnings per share and $20.06 billion in revenue, up 10.5% year over year. Lockheed Martin also declared a quarterly dividend of $3.45 per share, equivalent to a 2.4% annualized yield.

W1M Asset Management Ltd purchased a new stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,005 shares of the aerospace company's stock, valued at approximately $2,038,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LMT. Basso Capital Management L.P. purchased a new stake in Lockheed Martin in the fourth quarter worth $25,000. Burnham & Co LLC bought a new position in Lockheed Martin in the 2nd quarter worth $25,000. United Financial Planning Group LLC purchased a new stake in shares of Lockheed Martin in the 3rd quarter worth about $25,000. Clarity Asset Management Inc. bought a new stake in shares of Lockheed Martin during the 4th quarter valued at about $26,000. Finally, Triumph Capital Management increased its position in shares of Lockheed Martin by 66.7% during the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company's stock valued at $26,000 after buying an additional 22 shares during the period. Institutional investors own 74.19% of the company's stock.

Analyst Ratings Changes

LMT has been the subject of a number of research reports. Citigroup increased their price target on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Lockheed Martin in a report on Friday, May 29th. Wall Street Zen lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 15th. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a research note on Monday, July 27th. Finally, Jefferies Financial Group restated a "hold" rating on shares of Lockheed Martin in a research report on Sunday, July 26th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Lockheed Martin currently has a consensus rating of "Hold" and a consensus target price of $632.39.

Lockheed Martin Price Performance

Shares of LMT opened at $564.61 on Friday. The firm 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 Corporation has a 1-year low of $437.25 and a 1-year high of $692.00. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The firm has a fifty day simple moving average of $547.80 and a two-hundred day simple moving average of $575.73.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted 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. The company had revenue of $20.06 billion during the quarter, compared to analysts' expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.Lockheed Martin's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be given a $3.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 annualized dividend and a yield of 2.4%. Lockheed Martin's dividend payout ratio (DPR) is presently 50.87%.

About Lockheed Martin

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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