PTM Wealth Management LLC bought a new position in Lockheed Martin Corporation (NYSE:LMT – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 879 shares of the aerospace company’s stock, valued at approximately $512,000. Lockheed Martin comprises approximately 0.2% of PTM Wealth Management LLC’s portfolio, making the stock its 21st biggest holding.
Several other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares during the period. Sivia Capital Partners LLC lifted its position in Lockheed Martin by 5.4% during the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock valued at $451,000 after buying an additional 50 shares during the period. Schnieders Capital Management LLC. lifted its position in 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 buying an additional 215 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of Lockheed Martin by 36.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock valued at $1,042,000 after buying an additional 595 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Lockheed Martin by 18.2% during the 2nd 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 in the last quarter. Institutional investors own 74.19% of the company’s stock.
Wall Street Analyst Weigh In
LMT has been the topic of a number of recent research reports. Wells Fargo & Company set a $600.00 target price on shares of Lockheed Martin in a research report on Monday, July 27th. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. UBS Group reissued a “neutral” rating and set a $581.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. DZ Bank upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and a consensus price target of $632.39.
Lockheed Martin Price Performance
Shares of NYSE:LMT opened at $608.21 on Friday. Lockheed Martin Corporation has a 1-year low of $436.46 and a 1-year high of $692.00. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The business has a fifty day moving average price of $542.51 and a 200-day moving average price of $576.46. The company has a market capitalization of $140.37 billion, a PE ratio of 22.42, a PEG ratio of 1.04 and a beta of 0.10.
Lockheed Martin (NYSE:LMT – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. The company had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. Lockheed Martin’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.
Lockheed Martin Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is currently 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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