Junto Capital Management LP Grows Position in Lockheed Martin Corporation $LMT

Junto Capital Management LP grew its holdings in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) by 17.7% in the second quarter, HoldingsChannel.com reports. The fund owned 88,117 shares of the aerospace company’s stock after purchasing an additional 13,255 shares during the period. Junto Capital Management LP’s holdings in Lockheed Martin were worth $44,892,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of LMT. IAG Wealth Partners LLC raised its stake in Lockheed Martin by 4,800.0% in the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 48 shares in the last quarter. Burnham & Co LLC bought a new position in shares of Lockheed Martin in the 2nd quarter worth $25,000. United Financial Planning Group LLC bought a new position in shares of Lockheed Martin in the 3rd quarter worth $25,000. Basso Capital Management L.P. purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at $25,000. Finally, Field & Main Bank purchased a new stake in shares of Lockheed Martin during the 2nd quarter valued at $26,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

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Key Stories Impacting Lockheed Martin

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Ukraine-related Patriot demand: The European Union approved Ukraine’s purchase of Patriot air-defense systems, potentially benefiting Lockheed Martin as Western governments replenish missile inventories and expand their arsenals. Lockheed Poised to Benefit as EU Approves Ukraine’s Purchase of Patriot Missiles
• Positive Sentiment: UBS upgrade and missile growth outlook: UBS upgraded LMT to Buy from Neutral and raised its price target to $674 from $581, citing underappreciated missile demand, F-35 sustainment revenue and other multiyear defense programs. UBS projects Lockheed’s missiles and fire-control revenue could grow 150% through 2030. UBS upgrades Lockheed Martin to Buy, sees 26% upside on missile growth
• Positive Sentiment: International order activity: Sweden agreed to purchase a Lockheed Martin missile system in a deal valued at approximately $729 million, adding to evidence of strong global demand. Sweden to buy Lockheed Martin missile system in $729M deal
• Positive Sentiment: PAC-3 production support: Lockheed awarded L3Harris a $4.7 billion contract for PAC-3 MSE propulsion, supporting the expansion of a key missile-defense program and its supply chain. Lockheed Martin Awards L3Harris $4.7 Billion PAC-3 MSE Propulsion Contract
• Neutral Sentiment: Sector sentiment remains mixed: Analysts continue to view rising global defense budgets as a multiyear tailwind, but defense stocks have recently lagged amid broader market and geopolitical uncertainty. The contrast may be encouraging short-term consolidation even as LMT’s long-term outlook improves. Time to Buy the Dip on Defense Stocks?

Analysts Set New Price Targets

LMT has been the subject of a number of research analyst reports. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a report on Friday, May 29th. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a research report on Wednesday, September 2nd. UBS Group raised Lockheed Martin from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $581.00 to $674.00 in a research note on Tuesday. TD Cowen cut their price objective on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a report on Monday, July 13th. Finally, Citigroup increased their price objective on Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $637.56.

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Lockheed Martin Stock Down 2.1%

Shares of Lockheed Martin stock opened at $524.85 on Thursday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00. The company’s 50 day moving average price is $556.64 and its 200-day moving average price is $567.05. The stock has a market capitalization of $121.13 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 1.17 and a beta of 0.10.

Lockheed Martin (NYSE:LMT – Get Free Report) last posted its quarterly 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 company had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.46 EPS. 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 company 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 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is currently 50.87%.

About Lockheed Martin

(Free Report)

Lockheed Martin Corporation is a global aerospace, defense and technology company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense serving as its largest customer. Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

The company’s products and services include military aircraft such as the F-35 Lightning II, F-16 and C-130; air and missile defense systems; precision weapons; helicopters and maritime systems; radar, sensors and command-and-control technologies; satellites; space exploration systems; and missile-warning and strategic defense capabilities.

Lockheed Martin was created in 1995 through the merger of Lockheed Corporation and Martin Marietta.

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