Lockheed Martin Corporation (NYSE:LMT – Get Free Report) shares were up 1.7% during mid-day trading on Friday . The stock traded as high as $609.24 and last traded at $608.2080. Approximately 852,784 shares were traded during trading, a decline of 44% from the average session volume of 1,527,539 shares. The stock had previously closed at $598.01.
Analyst Upgrades and Downgrades
LMT has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a research report on Sunday, July 26th. Robert W. Baird set a $700.00 target price on shares of Lockheed Martin in a report on Friday, July 24th. DZ Bank upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Susquehanna cut their price target on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a report on Friday, April 24th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Lockheed Martin currently has an average rating of “Hold” and an average price target of $632.39.
Read Our Latest Research Report on LMT
Lockheed Martin Stock Performance
Lockheed Martin (NYSE:LMT – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same quarter last year, the business earned $1.46 EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities analysts forecast that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.
Lockheed Martin Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. Lockheed Martin’s dividend payout ratio (DPR) is presently 50.87%.
Hedge Funds Weigh In On Lockheed Martin
A number of hedge funds have recently modified their holdings of LMT. Freestone Grove Partners LP bought a new stake in shares of Lockheed Martin in the second quarter worth $27,253,000. Odyssean LLC bought a new position in Lockheed Martin during the 2nd quarter worth $481,000. Sonoma Private Wealth LLC bought a new position in Lockheed Martin during the 2nd quarter worth $271,000. Man Group plc acquired a new position in Lockheed Martin during the 2nd quarter worth about $3,418,000. Finally, Western Wealth Management LLC acquired a new position in Lockheed Martin during the 2nd quarter worth about $486,000. Institutional investors and hedge funds own 74.19% of the company’s stock.
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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