HORAN Wealth LLC Has $1.35 Million Stock Position in Lockheed Martin Corporation $LMT

HORAN Wealth LLC reduced its stake in Lockheed Martin Corporation (NYSE:LMTFree Report) by 49.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,647 shares of the aerospace company’s stock after selling 2,569 shares during the period. HORAN Wealth LLC’s holdings in Lockheed Martin were worth $1,348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of LMT. Principia Wealth Advisory LLC raised its holdings in shares of Lockheed Martin by 1,972.7% in the 2nd quarter. Principia Wealth Advisory LLC now owns 228 shares of the aerospace company’s stock worth $116,000 after buying an additional 217 shares in the last quarter. Amundi boosted its stake in Lockheed Martin by 14.5% in the 2nd quarter. Amundi now owns 29,010 shares of the aerospace company’s stock valued at $14,779,000 after buying an additional 3,677 shares in the last quarter. HighTower Advisors LLC grew its position in Lockheed Martin by 4.8% in the second quarter. HighTower Advisors LLC now owns 412,521 shares of the aerospace company’s stock valued at $210,163,000 after acquiring an additional 18,971 shares during the period. Groupe la Francaise grew its position in Lockheed Martin by 95.7% in the second quarter. Groupe la Francaise now owns 90 shares of the aerospace company’s stock valued at $43,000 after acquiring an additional 44 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Lockheed Martin in the second quarter valued at $55,695,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 0.1%

LMT stock opened at $524.58 on Monday. The business has a fifty day moving average price of $555.58 and a 200 day moving average price of $569.73. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00. The stock has a market capitalization of $121.07 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 1.14 and a beta of 0.10. 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:LMTGet Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.22 by $0.72. The firm had revenue of $20.06 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a dividend of $3.45 per share. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 annualized dividend and a yield of 2.6%. Lockheed Martin’s dividend payout ratio is 50.87%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. UBS Group reissued a “neutral” rating and set a $581.00 price objective on shares of Lockheed Martin in a report on Friday, July 24th. Wall Street Zen upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 29th. Royal Bank Of Canada upped their target price on shares of Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. Jefferies Financial Group reiterated a “hold” rating on shares of Lockheed Martin in a research report on Wednesday. Finally, Morgan Stanley lifted their price target on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $632.39.

View Our Latest Research 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.

See Also

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

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