Vanguard Personalized Indexing Management LLC raised its holdings in Lockheed Martin Corporation (NYSE:LMT – Free Report) by 4.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 30,119 shares of the aerospace company’s stock after buying an additional 1,172 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Lockheed Martin were worth $14,568,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. United Financial Planning Group LLC acquired a new stake in Lockheed Martin in the third quarter valued at $25,000. Clarity Asset Management Inc. acquired a new stake in Lockheed Martin in the fourth quarter valued at $26,000. Triumph Capital Management lifted its holdings in Lockheed Martin by 66.7% in the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 22 shares during the period. Bard Associates Inc. acquired a new stake in Lockheed Martin in the fourth quarter valued at $27,000. Finally, Tucker Asset Management LLC acquired a new stake in Lockheed Martin in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 74.19% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have commented on LMT. JPMorgan Chase & Co. reduced their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Susquehanna dropped their price target on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research report on Friday, April 24th. Royal Bank Of Canada dropped their price target on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating for the company in a research report on Friday, April 24th. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Citigroup dropped their price target on Lockheed Martin from $675.00 to $571.00 and set a “neutral” rating for the company in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $620.68.
Lockheed Martin Trading Down 0.1%
Shares of LMT stock opened at $539.94 on Monday. The stock has a market cap of $124.49 billion, a P/E ratio of 26.15, a P/E/G ratio of 0.98 and a beta of 0.10. The business has a fifty day simple moving average of $548.13 and a 200-day simple moving average of $563.19. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $692.00. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74.
Lockheed Martin (NYSE:LMT – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The company had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, analysts forecast that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.
Lockheed Martin Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be given a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) is currently 66.83%.
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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