Patron Partners LLC purchased a new stake in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,717 shares of the aerospace company’s stock, valued at approximately $1,384,000.
Other large investors have also added to or reduced their stakes in the company. IAG Wealth Partners LLC increased its holdings in Lockheed Martin by 4,800.0% in the 1st quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock worth $30,000 after buying an additional 48 shares during the period. United Financial Planning Group LLC acquired a new stake in Lockheed Martin during the 3rd quarter valued at approximately $25,000. Basso Capital Management L.P. purchased a new stake in shares of Lockheed Martin in the 4th quarter valued at $25,000. Clarity Asset Management Inc. purchased a new stake in shares of Lockheed Martin in the 4th quarter valued at $26,000. Finally, Triumph Capital Management boosted its holdings in shares of Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on LMT shares. Morgan Stanley raised their target price on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a report on Friday, July 24th. Susquehanna cut their price target on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a research report on Friday, April 24th. BNP Paribas Exane reduced their price objective on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Finally, UBS Group reissued a “neutral” rating and issued a $581.00 price objective on shares of Lockheed Martin in a report on Friday, July 24th. One research 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $632.39.
Lockheed Martin Price Performance
NYSE:LMT opened at $564.61 on Friday. 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 company has a 50 day moving average price of $547.80 and a 200-day moving average price of $575.73. Lockheed Martin Corporation has a 1-year low of $437.25 and a 1-year high of $692.00. The firm has a market cap of $130.31 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 0.98 and a beta of 0.10.
Lockheed Martin (NYSE:LMT – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (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 firm had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the prior year, the firm posted $1.46 earnings per share. The firm’s quarterly 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. Equities research analysts forecast that Lockheed Martin Corporation will post 30.39 EPS for the current year.
Lockheed Martin Announces Dividend
The firm also recently announced 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. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.4%. Lockheed Martin’s dividend payout ratio (DPR) is 50.87%.
Lockheed Martin Profile
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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