Rockbridge Asset Management LLC acquired a new position in Lockheed Martin Corporation (NYSE:LMT – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 15,739 shares of the aerospace company’s stock, valued at approximately $8,018,000. Lockheed Martin comprises 5.2% of Rockbridge Asset Management LLC’s portfolio, making the stock its 10th biggest holding.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Patrick Mauro Investment Advisor INC. purchased a new stake in shares of Lockheed Martin in the 2nd quarter worth $4,116,000. Dala Group LLC purchased a new position in Lockheed Martin during the second quarter valued at $218,000. Catalyst Investment Management LLC bought a new stake in Lockheed Martin during the second quarter valued at about $259,000. Chancellor Financial Group WB LP bought a new stake in Lockheed Martin during the second quarter valued at about $205,000. Finally, Great Lakes Advisors LLC purchased a new stake in Lockheed Martin in the second quarter worth about $9,292,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on LMT shares. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a research note on Sunday, July 26th. Royal Bank Of Canada increased their price target on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. decreased their price target on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Susquehanna dropped their price objective on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research note on Friday, April 24th. Finally, Wall Street Zen cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average price target of $632.39.
Lockheed Martin Stock Down 2.9%
Shares of NYSE:LMT opened at $589.47 on Thursday. The firm has a market capitalization of $136.04 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 1.04 and a beta of 0.10. The business has a 50 day simple moving average of $546.85 and a two-hundred day simple moving average of $576.25. 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.
Lockheed Martin (NYSE:LMT – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The company had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same period last year, the business posted $1.46 EPS. Lockheed Martin’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. On average, equities analysts predict that Lockheed Martin Corporation will post 30.39 EPS for the current year.
Lockheed Martin Announces Dividend
The company also recently announced 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 dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is presently 50.87%.
Lockheed Martin Company Profile
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.
See Also
- Five stocks we like better than Lockheed Martin
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Corporation (NYSE:LMT – Free Report).
Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.
