TCM Advisors LLC purchased a new stake in Lockheed Martin Corporation (NYSE:LMT – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,733 shares of the aerospace company’s stock, valued at approximately $1,392,000. Lockheed Martin makes up 0.1% of TCM Advisors LLC’s holdings, making the stock its 9th largest holding.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. Basso Capital Management L.P. acquired a new position in shares of Lockheed Martin during the fourth quarter valued at about $25,000. Burnham & Co LLC acquired a new stake in Lockheed Martin in the 2nd quarter worth approximately $25,000. United Financial Planning Group LLC purchased a new stake in Lockheed Martin during the 3rd quarter worth approximately $25,000. Clarity Asset Management Inc. acquired a new position in shares of Lockheed Martin in the 4th quarter valued at $26,000. Finally, Triumph Capital Management lifted its position in Lockheed Martin by 66.7% during the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 22 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
LMT has been the topic of a number of recent research reports. Jefferies Financial Group reiterated a “hold” rating on shares of Lockheed Martin in a research report on Sunday, July 26th. Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Wall Street Zen cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Royal Bank Of Canada increased their price target on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Finally, DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $632.39.
Lockheed Martin Price Performance
Lockheed Martin stock opened at $564.61 on Monday. The company has a fifty day simple moving average of $547.80 and a 200-day simple moving average of $575.31. The firm has a market capitalization of $130.31 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 0.97 and a beta of 0.10. 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 Corporation has a 52-week low of $437.25 and a 52-week high of $692.00.
Lockheed Martin (NYSE:LMT – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share 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 analyst estimates of $19.34 billion. During the same period in the previous year, the business posted $1.46 earnings per share. Lockheed Martin’s quarterly revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.
Lockheed Martin Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. 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%.
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.
Further Reading
- Five stocks we like better than Lockheed Martin
- VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?
- 3 Closed-End Funds to Maximize Dividend Payments
- Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
- $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Corporation (NYSE:LMT – Free Report).
Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.
