Diamant Asset Management Inc. raised its stake in Lockheed Martin Corporation (NYSE:LMT – Free Report) by 60,339.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 879,387 shares of the aerospace company’s stock after buying an additional 877,932 shares during the period. Lockheed Martin makes up 1.8% of Diamant Asset Management Inc.’s investment portfolio, making the stock its 15th biggest position. Diamant Asset Management Inc.’s holdings in Lockheed Martin were worth $531,493,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of LMT. Brighton Jones LLC boosted its holdings in shares of Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after acquiring an additional 191 shares in the last quarter. Sivia Capital Partners LLC raised its position in Lockheed Martin by 5.4% in the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock valued at $451,000 after purchasing an additional 50 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in shares of Lockheed Martin by 17.3% during the second quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock valued at $676,000 after purchasing an additional 215 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Lockheed Martin by 36.0% during the second quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock worth $1,042,000 after purchasing an additional 595 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Lockheed Martin by 18.2% in the second quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company’s stock valued at $40,092,000 after buying an additional 13,300 shares during the period. Institutional investors own 74.19% of the company’s stock.
Analyst Upgrades and Downgrades
LMT has been the topic of several recent research reports. Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. BNP Paribas Exane decreased their price target on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Morgan Stanley dropped their price target on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. Wall Street Zen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, TD Cowen reduced their price objective on shares of Lockheed Martin from $670.00 to $600.00 and set a “hold” rating on the stock in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $619.63.
Lockheed Martin Price Performance
Lockheed Martin stock opened at $506.63 on Friday. The stock’s 50 day moving average is $526.18 and its 200 day moving average is $566.75. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $692.00. The firm has a market cap of $116.81 billion, a P/E ratio of 24.53, a P/E/G ratio of 0.92 and a beta of 0.10. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94.
Lockheed Martin (NYSE:LMT – Get Free Report) last released its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm had revenue of $18.02 billion for the quarter, compared to analyst estimates of $18.38 billion. During the same period in the prior year, the company posted $7.28 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, research analysts expect that Lockheed Martin Corporation will post 29.88 EPS for the current year.
Lockheed Martin Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 1st were given a dividend of $3.45 per share. The ex-dividend date was Monday, June 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. Lockheed Martin’s dividend payout ratio is 66.83%.
Lockheed Martin News Roundup
Here are the key news stories impacting Lockheed Martin this week:
- Positive Sentiment: Lockheed Martin won a seven-year U.S. government contract worth up to $35 billion to quadruple THAAD interceptor production, a major win that should boost backlog, sales visibility, and future earnings. THAAD procurement award article
- Positive Sentiment: Analysts said the new missile contract, along with other recent Pentagon orders, strengthens the case for higher EPS as Lockheed ramps missile-defense production. Jefferies analyst note on missile contracts
- Positive Sentiment: Lockheed Martin is also being viewed as a defensive, dividend-oriented name with durable government-backed revenue, which may help support the stock during broader market volatility. Dividend stock article
- Neutral Sentiment: Investors are also watching a broader defense-contractor earnings comparison piece that could influence relative sentiment across the sector, including LMT. Defense contractors Q1 results article
- Neutral Sentiment: Lockheed Martin was recently included in coverage about SpaceX’s military space-laser project and other defense-space partnerships, but the direct financial impact is still unclear. SpaceX military space-laser project article
- Negative Sentiment: The stock also faced recent pressure, including a reported two-day decline and another session where it fell more than the broader market, suggesting some investors were taking profits before the THAAD news fully sank in. Stock down 6% in 2 days article
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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