Rakuten Investment Management Inc. lifted its position in Lockheed Martin Corporation (NYSE:LMT – Free Report) by 10.2% in the second quarter, HoldingsChannel.com reports. The firm owned 33,446 shares of the aerospace company’s stock after purchasing an additional 3,109 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Lockheed Martin were worth $16,792,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of LMT. IAG Wealth Partners LLC boosted its holdings in shares of 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 purchasing an additional 48 shares during the period. Burnham & Co LLC acquired a new stake in Lockheed Martin in the 2nd quarter worth approximately $25,000. United Financial Planning Group LLC acquired a new position in Lockheed Martin in the 3rd quarter worth approximately $25,000. Basso Capital Management L.P. purchased a new position in Lockheed Martin during the fourth quarter valued at approximately $25,000. Finally, Clarity Asset Management Inc. acquired a new position in Lockheed Martin in the 4th quarter worth about $26,000. 74.19% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on LMT shares. Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. lowered their price objective on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. TD Cowen lowered their target price on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Citigroup upped their price target on Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Finally, Royal Bank Of Canada increased their price target on Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $632.39.
Lockheed Martin Price Performance
Lockheed Martin stock opened at $563.82 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The company has a fifty day simple moving average of $551.70 and a 200-day simple moving average of $573.75. The stock has a market cap of $130.12 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a 12-month low of $437.25 and a 12-month high of $692.00.
Lockheed Martin (NYSE:LMT – Get Free Report) last posted its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the prior year, the company posted $1.46 earnings per share. Lockheed Martin’s revenue for the quarter 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 analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.
Lockheed Martin Dividend Announcement
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 paid a dividend of $3.45 per share. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. Lockheed Martin’s dividend payout ratio 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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