Corient Private Wealth LP Makes New $101.96 Million Investment in Lockheed Martin Corporation $LMT

Corient Private Wealth LP bought a new stake in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) in the second quarter, HoldingsChannel.com reports. The firm bought 7,116,411 shares of the aerospace company’s stock, valued at approximately $101,960,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Lockheed Martin in the second quarter worth $9,617,574,000. Bank of New York Mellon Corp bought a new position in Lockheed Martin in the second quarter valued at about $645,258,000. Legal & General Group Plc purchased a new position in Lockheed Martin in the second quarter worth about $497,469,000. Diamant Asset Management Inc. boosted its position in Lockheed Martin by 60,339.0% in the first 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 during the last quarter. Finally, AQR Capital Management LLC grew its stake 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 valued at $625,784,000 after purchasing an additional 669,604 shares during the period. 74.19% of the stock is owned by institutional investors.

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Lockheed Martin Trading Up 1.6%

Shares of NYSE:LMT opened at $565.68 on Thursday. The stock has a 50 day moving average of $549.59 and a 200 day moving average of $574.23. The company has a market cap of $130.55 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 0.95 and a beta of 0.10. Lockheed Martin Corporation has a 12-month low of $437.25 and a 12-month high of $692.00. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT – Get Free Report) last released its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. During the same quarter last year, the business earned $1.46 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities research analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Sanford C. Bernstein reissued a “market perform” rating on shares of Lockheed Martin in a report on Friday, May 29th. UBS Group reaffirmed a “neutral” rating and set a $581.00 target price on shares of Lockheed Martin in a report on Friday, July 24th. Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Finally, DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin has an average rating of “Hold” and a consensus target price of $632.39.

Get Our Latest Stock Analysis on LMT

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.

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