Principle Wealth Partners LLC bought a new stake in Lockheed Martin Corporation (NYSE:LMT – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,412 shares of the aerospace company’s stock, valued at approximately $3,776,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of LMT. UP Strategic Wealth Investment Advisors LLC acquired a new stake in Lockheed Martin during the 2nd quarter worth $203,000. Requisite Capital Management LLC purchased a new position in Lockheed Martin during the 2nd quarter worth $206,000. Capital Financial Group Inc. Co. ADV acquired a new position in Lockheed Martin in the second quarter valued at $2,096,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Lockheed Martin in the second quarter valued at about $268,757,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of Lockheed Martin during the second quarter worth about $4,796,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on LMT. Morgan Stanley raised their price target on Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Citigroup increased their price objective on Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group reiterated a “neutral” rating and issued a $581.00 target price on shares of Lockheed Martin in a research note on Friday, July 24th. Susquehanna dropped their target price on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a report on Friday, April 24th. Finally, Royal Bank Of Canada upped 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. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $632.39.
Lockheed Martin Trading Down 2.4%
Shares of Lockheed Martin stock opened at $594.26 on Tuesday. 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. The business has a 50 day moving average price of $544.00 and a 200 day moving average price of $576.42. The company has a market capitalization of $137.15 billion, a P/E ratio of 21.90, a P/E/G ratio of 1.04 and a beta of 0.10.
Lockheed Martin (NYSE:LMT – Get Free Report) last announced its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. The firm had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.Lockheed Martin’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Sell-side analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.
Lockheed Martin Dividend Announcement
The business 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 $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is currently 50.87%.
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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