Elevation Point Wealth Partners LLC Purchases Shares of 3,482 Lockheed Martin Corporation $LMT

Elevation Point Wealth Partners LLC bought a new stake in Lockheed Martin Corporation (NYSE:LMT – Free Report) in the second quarter, HoldingsChannel reports. The fund bought 3,482 shares of the aerospace company’s stock, valued at approximately $1,774,000.

A number of other large investors also recently bought and sold shares of LMT. BlackRock Inc. purchased a new position in shares of Lockheed Martin in the 2nd quarter worth $9,617,574,000. Charles Schwab Investment Management Inc. increased its stake in Lockheed Martin by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock worth $4,178,399,000 after acquiring an additional 114,900 shares during the last quarter. Morgan Stanley raised its holdings in shares of Lockheed Martin by 10.1% in the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock worth $2,770,729,000 after purchasing an additional 527,523 shares during the period. Franklin Resources Inc. lifted its stake in shares of Lockheed Martin by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock valued at $807,866,000 after purchasing an additional 10,349 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Lockheed Martin by 7.4% during the 4th quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company’s stock worth $696,891,000 after purchasing an additional 99,403 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

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Lockheed Martin Trading Up 0.2%

NYSE LMT opened at $564.61 on Monday. Lockheed Martin Corporation has a 12 month low of $437.25 and a 12 month 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 company has a market capitalization of $130.31 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10. The company’s fifty day moving average price is $547.80 and its two-hundred day moving average price is $575.31.

Lockheed Martin (NYSE:LMT – Get Free Report) last issued its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping the consensus estimate of $7.22 by $0.72. The company had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The business’s revenue was up 10.5% on a year-over-year basis. 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. As a group, research analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is 50.87%.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of recent research reports. UBS Group reaffirmed a “neutral” rating and set a $581.00 price target on shares of Lockheed Martin in a research report on Friday, July 24th. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Finally, Robert W. Baird set a $700.00 target price on Lockheed Martin in a research report on Friday, July 24th. One research 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 given a Sell rating to the stock. Based on data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and an average target price of $632.39.

Get Our Latest Analysis on Lockheed Martin

Lockheed Martin Company 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.

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