Legato Capital Management LLC acquired a new position in Lockheed Martin Corporation (NYSE:LMT – Free Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,051 shares of the aerospace company’s stock, valued at approximately $508,000.
A number of other institutional investors have also modified their holdings of LMT. Sanders Capital LLC purchased a new position in shares of Lockheed Martin during the third quarter worth approximately $252,699,000. First Trust Advisors LP raised its stake in Lockheed Martin by 286.1% in the third quarter. First Trust Advisors LP now owns 503,428 shares of the aerospace company’s stock worth $251,316,000 after buying an additional 373,027 shares in the last quarter. Canoe Financial LP bought a new position in Lockheed Martin in the fourth quarter worth approximately $166,403,000. SG Americas Securities LLC raised its stake in Lockheed Martin by 7,309.8% in the fourth quarter. SG Americas Securities LLC now owns 262,233 shares of the aerospace company’s stock worth $126,834,000 after buying an additional 258,694 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Lockheed Martin by 41.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 808,409 shares of the aerospace company’s stock worth $403,534,000 after purchasing an additional 236,137 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages recently weighed in on LMT. Sanford C. Bernstein dropped their target price on Lockheed Martin from $661.00 to $614.00 and set a “market perform” rating on the stock in a research note on Monday, May 18th. The Goldman Sachs Group upped their price target on shares of Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a report on Monday, February 2nd. BNP Paribas Exane lowered their price target on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average price target of $620.68.
Lockheed Martin Stock Performance
NYSE:LMT opened at $534.37 on Wednesday. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. The stock has a market capitalization of $123.21 billion, a P/E ratio of 25.88, a PEG ratio of 0.97 and a beta of 0.10. The company has a 50 day moving average price of $573.09 and a 200 day moving average price of $557.28. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $692.00.
Lockheed Martin (NYSE:LMT – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing the consensus estimate of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $18.38 billion. During the same period in the prior year, the business earned $7.28 EPS. The business’s quarterly revenue was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities research analysts forecast that Lockheed Martin Corporation will post 29.88 EPS for the current year.
Lockheed Martin Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be given a $3.45 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.6%. Lockheed Martin’s payout ratio is 66.83%.
About Lockheed Martin
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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