Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 44,726 shares of the aerospace company’s stock, valued at approximately $22,786,000.
A number of other hedge funds also recently bought and sold shares of LMT. CFO4Life Group LLC purchased a new stake in shares of Lockheed Martin in the second quarter valued at approximately $590,000. Quantbot Technologies LP acquired a new position in Lockheed Martin during the second quarter worth $1,496,000. Fortress Financial Group LLC acquired a new position in Lockheed Martin during the second quarter worth $223,000. Evolve Private Wealth LLC purchased a new stake in Lockheed Martin in the 2nd quarter valued at $1,456,000. Finally, WealthShield Partners LLC purchased a new stake in Lockheed Martin in the 2nd quarter valued at $2,419,000. Institutional investors and hedge funds own 74.19% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. TD Cowen reduced their target price on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. Citigroup increased their price target on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Morgan Stanley raised their price target 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. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $632.39.
Lockheed Martin Stock Performance
NYSE:LMT opened at $564.61 on Friday. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The company has a 50 day moving average price of $547.80 and a 200 day moving average price of $575.73. The stock has a market capitalization of $130.31 billion, a P/E ratio of 20.81, a PEG ratio of 0.97 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The company had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the previous year, the company earned $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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s 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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