Meeder Asset Management Inc. Makes New Investment in Lockheed Martin Corporation $LMT

Meeder Asset Management Inc. purchased a new position in Lockheed Martin Corporation (NYSE:LMTFree Report) during the 2nd quarter, HoldingsChannel reports. The fund purchased 21,662 shares of the aerospace company’s stock, valued at approximately $11,036,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of LMT. BlackRock Inc. purchased a new stake in Lockheed Martin during the 2nd quarter valued at about $9,617,574,000. Bank of New York Mellon Corp purchased a new position in Lockheed Martin in the 2nd quarter worth approximately $645,258,000. Diamant Asset Management Inc. lifted its stake in Lockheed Martin by 60,339.0% in the 1st quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock worth $531,493,000 after purchasing an additional 877,932 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Lockheed Martin by 107.3% during the 4th quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock worth $625,784,000 after purchasing an additional 669,604 shares during the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Lockheed Martin during the 2nd quarter worth approximately $274,558,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

NYSE:LMT opened at $594.26 on Tuesday. The company’s 50-day moving average is $544.00 and its two-hundred day moving average is $576.42. Lockheed Martin Corporation has a 1-year low of $437.25 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 firm has a market capitalization of $137.15 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.04 and a beta of 0.10.

Lockheed Martin (NYSE:LMTGet 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 business had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Analysts forecast that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is presently 50.87%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LMT. Morgan Stanley increased their price target on Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Royal Bank Of Canada lifted their price objective on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Robert W. Baird set a $700.00 price objective on Lockheed Martin in a research note on Friday, July 24th. Susquehanna dropped their target price on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a report on Friday, April 24th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $581.00 target price on shares of Lockheed Martin in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $632.39.

Check Out Our Latest Report on Lockheed Martin

Lockheed Martin Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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