1,145 Shares in Lockheed Martin Corporation $LMT Acquired by Strathmore Capital Advisors Inc.

by · The Markets Daily

Strathmore Capital Advisors Inc. acquired a new position in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,145 shares of the aerospace company’s stock, valued at approximately $581,000.

Other hedge funds have also recently bought and sold shares of the company. Basso Capital Management L.P. bought a new stake in shares of Lockheed Martin during the fourth quarter worth $25,000. United Financial Planning Group LLC bought a new position in Lockheed Martin in the third quarter valued at about $25,000. Clarity Asset Management Inc. bought a new position in Lockheed Martin in the fourth quarter valued at about $26,000. Triumph Capital Management increased its position in Lockheed Martin by 66.7% in the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 22 shares during the period. Finally, Bard Associates Inc. acquired a new stake in Lockheed Martin in the fourth quarter worth about $27,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Down 2.9%

NYSE:LMT opened at $589.47 on Thursday. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00. 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 stock has a market cap of $136.04 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.04 and a beta of 0.10. The stock has a 50-day moving average price of $546.85 and a two-hundred day moving average price of $576.25.

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 the consensus estimate of $7.22 by $0.72. The company had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities analysts expect that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is presently 50.87%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LMT. UBS Group reissued a “neutral” rating and set a $581.00 price objective on shares of Lockheed Martin 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 note on Thursday, April 30th. BNP Paribas Exane lowered their price target on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Wells Fargo & Company set a $600.00 price target on shares of Lockheed Martin in a research note on Monday, July 27th. Finally, Morgan Stanley increased their price objective on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and a consensus target price of $632.39.

Get Our Latest Report on Lockheed Martin

Lockheed Martin Profile

(Free Report)

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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