HBK Sorce Advisory LLC acquired a new stake in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,878 shares of the aerospace company’s stock, valued at approximately $9,749,000.
A number of other large investors have also recently bought and sold shares of the business. Abbot Financial Management Inc. acquired a new position in Lockheed Martin in the second quarter valued at approximately $3,402,000. Peachtree Investment Partners LLC acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $386,000. OMC Financial Services LTD acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $3,177,000. Gould Asset Management LLC CA bought a new stake in shares of Lockheed Martin in the 2nd quarter worth approximately $204,000. Finally, J.Safra Asset Management Corp bought a new stake in shares of Lockheed Martin in the 2nd quarter worth approximately $467,000. Institutional investors own 74.19% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently commented on LMT. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Morgan Stanley boosted their target price on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a research note on Friday, July 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a report on Sunday, July 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $632.39.
Lockheed Martin Trading Down 0.1%
Shares of NYSE:LMT opened at $608.21 on Monday. The stock has a market capitalization of $140.37 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.04 and a beta of 0.10. Lockheed Martin Corporation has a 1-year low of $436.46 and a 1-year high of $692.00. The company has a 50 day moving average price of $542.51 and a 200 day moving average price of $576.42. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19.
Lockheed Martin (NYSE:LMT – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.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 company posted $1.46 EPS. Lockheed Martin’s revenue for the quarter was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, research analysts anticipate 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. Shareholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s payout ratio is 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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