Lockheed Martin Corporation $LMT Shares Bought by Csenge Advisory Group

Csenge Advisory Group boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 34.5% in the fourth quarter, HoldingsChannel reports. The firm owned 9,582 shares of the aerospace company’s stock after buying an additional 2,457 shares during the period. Csenge Advisory Group’s holdings in Lockheed Martin were worth $4,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. United Financial Planning Group LLC acquired a new position in Lockheed Martin during the third quarter valued at $25,000. Grey Fox Wealth Advisors LLC acquired a new position in Lockheed Martin during the third quarter valued at $27,000. Tucker Asset Management LLC acquired a new position in shares of Lockheed Martin in the fourth quarter worth about $32,000. Beacon Financial Strategies CORP acquired a new position in shares of Lockheed Martin in the fourth quarter worth about $34,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Lockheed Martin in the third quarter worth about $35,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LMT. Jefferies Financial Group reiterated a “hold” rating and issued a $595.00 price objective on shares of Lockheed Martin in a research report on Sunday, April 26th. Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Royal Bank Of Canada decreased their price objective on shares of Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating for the company in a research report on Friday, April 24th. Susquehanna decreased their price objective on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research report on Friday, April 24th. Finally, Morgan Stanley decreased their price objective on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus target price of $620.68.

Lockheed Martin Stock Up 2.3%

LMT stock opened at $528.13 on Tuesday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The stock has a market capitalization of $121.77 billion, a P/E ratio of 25.58, a P/E/G ratio of 0.93 and a beta of 0.10. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The firm has a 50-day simple moving average of $588.35 and a 200-day simple moving average of $555.45.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. During the same period in the prior year, the company posted $7.28 EPS. The firm’s revenue was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities analysts forecast that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin’s dividend payout ratio is currently 66.83%.

Lockheed Martin Company 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.