HBK Sorce Advisory LLC Makes New Investment in Lockheed Martin Corporation $LMT

by · The Markets Daily

HBK Sorce Advisory LLC bought a new stake in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm bought 16,878 shares of the aerospace company’s stock, valued at approximately $9,749,000.

A number of other large investors also recently made changes to their positions in the business. Abbot Financial Management Inc. purchased a new position in Lockheed Martin during the second quarter valued at approximately $3,402,000. Peachtree Investment Partners LLC purchased a new stake in Lockheed Martin in the 2nd quarter worth approximately $386,000. OMC Financial Services LTD purchased a new stake in Lockheed Martin in the 2nd quarter worth approximately $3,177,000. Gould Asset Management LLC CA acquired a new stake in shares of Lockheed Martin during the 2nd quarter valued at $204,000. Finally, J.Safra Asset Management Corp acquired a new stake in shares of Lockheed Martin during the 2nd quarter valued at $467,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT stock opened at $608.21 on Monday. The firm has a 50 day moving average of $542.51 and a two-hundred day moving average of $576.42. Lockheed Martin Corporation has a 12 month low of $436.46 and a 12 month high of $692.00. The company has a market capitalization of $140.37 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 1.04 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 (NYSE:LMT – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. The business had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. Lockheed Martin’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

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

Wall Street Analyst Weigh In

LMT has been the topic of several research analyst reports. Citigroup boosted their price target on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a report on Thursday. Royal Bank Of Canada increased their price objective on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $632.39.

Read Our Latest Analysis on Lockheed Martin

Lockheed Martin Company 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.

See Also

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