Csenge Advisory Group acquired a new position in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,927 shares of the aerospace company’s stock, valued at approximately $4,038,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Basso Capital Management L.P. acquired a new position in shares of Lockheed Martin in the fourth quarter worth about $25,000. United Financial Planning Group LLC acquired a new position in Lockheed Martin in the 3rd quarter worth about $25,000. Clarity Asset Management Inc. acquired a new position in Lockheed Martin in the 4th quarter worth about $26,000. Triumph Capital Management boosted its position in Lockheed Martin by 66.7% during the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 22 shares in the last quarter. Finally, Bard Associates Inc. acquired a new stake in Lockheed Martin in the fourth quarter valued at approximately $27,000. 74.19% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a research report on Sunday, July 26th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Morgan Stanley upped their price target on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Finally, Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $632.39.
Lockheed Martin Trading Down 2.9%
Shares of LMT opened at $589.47 on Thursday. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00. The stock has a market cap of $136.04 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 1.04 and a beta of 0.10. The firm’s fifty day moving average is $546.85 and its two-hundred day moving average is $576.25. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34.
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, beating analysts’ consensus estimates of $7.22 by $0.72. The business had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Research analysts forecast that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.
Lockheed Martin Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be issued a $3.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.3%. Lockheed Martin’s dividend payout ratio is presently 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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