Narwhal Capital Management Has $16.08 Million Holdings in Lockheed Martin Corporation $LMT

Narwhal Capital Management lessened its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 8.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 33,237 shares of the aerospace company’s stock after selling 3,228 shares during the period. Lockheed Martin makes up about 1.2% of Narwhal Capital Management’s holdings, making the stock its 20th largest holding. Narwhal Capital Management’s holdings in Lockheed Martin were worth $16,076,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LMT. United Financial Planning Group LLC acquired a new stake in Lockheed Martin in the 3rd quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC raised its position in shares of Lockheed Martin by 285.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 40 shares during the period. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin in the third quarter worth $27,000. Beacon Financial Strategies CORP acquired a new stake in shares of Lockheed Martin in the fourth quarter worth $34,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Lockheed Martin during the 3rd quarter worth $35,000. 74.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LMT has been the topic of several recent analyst reports. TD Cowen dropped their target price on shares of Lockheed Martin from $670.00 to $600.00 and set a “hold” rating on the stock in a report on Friday, April 24th. Robert W. Baird upped their price target on shares of Lockheed Martin from $550.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 16th. Royal Bank Of Canada decreased their price target on shares of Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating for the company in a report on Friday, April 24th. Wall Street Zen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday. Finally, JPMorgan Chase & Co. upped their price target on shares of Lockheed Martin from $515.00 to $680.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Seven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $632.58.

Lockheed Martin Stock Down 0.2%

Shares of LMT opened at $512.30 on Wednesday. The stock has a market cap of $118.12 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 0.93 and a beta of 0.23. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $692.00. The company has a 50-day moving average price of $622.83 and a two-hundred day moving average price of $553.59.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The business had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities analysts predict that Lockheed Martin Corporation will post 29.93 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 2nd were issued a dividend of $3.45 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is presently 66.83%.

About Lockheed Martin

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.