Gabelli Funds LLC Purchases 1,632 Shares of Lockheed Martin Corporation $LMT

Gabelli Funds LLC grew its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 9.6% in the fourth quarter, Holdings Channel reports. The fund owned 18,570 shares of the aerospace company’s stock after buying an additional 1,632 shares during the quarter. Gabelli Funds LLC’s holdings in Lockheed Martin were worth $8,982,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Requisite Capital Management LLC bought a new stake in Lockheed Martin in the fourth quarter worth $251,000. RiverFront Investment Group LLC lifted its position in Lockheed Martin by 10.8% in the fourth quarter. RiverFront Investment Group LLC now owns 1,927 shares of the aerospace company’s stock worth $932,000 after buying an additional 188 shares during the last quarter. Sapient Capital LLC lifted its position in Lockheed Martin by 0.9% in the fourth quarter. Sapient Capital LLC now owns 3,970 shares of the aerospace company’s stock worth $1,937,000 after buying an additional 37 shares during the last quarter. North Dakota State Investment Board bought a new stake in Lockheed Martin in the fourth quarter worth $3,466,000. Finally, Elyxium Wealth LLC bought a new stake in Lockheed Martin in the fourth quarter worth $171,000. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LMT shares. Bank of America lowered their price target on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Argus raised their price target on Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Deutsche Bank Aktiengesellschaft lowered their price target on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research report on Friday, April 24th. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Finally, UBS Group raised their price target on Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $620.68.

Lockheed Martin Stock Down 0.4%

NYSE:LMT opened at $526.34 on Wednesday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00. The company has a market cap of $121.35 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 0.96 and a beta of 0.10. The stock has a fifty day simple moving average of $585.44 and a 200-day simple moving average of $555.74. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74.

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

Lockheed Martin Dividend Announcement

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

Key Lockheed Martin News

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

• Positive Sentiment: Lockheed Martin was selected for Australia’s Virginia-class submarine combat systems, a reminder that the company continues to win large international defense work. Lockheed Martin chosen for Australia’s Virginia-class submarine combat systems
• Positive Sentiment: A successful seeker test for the QuadStar missile competing for the Army’s NGSRI program suggests continued progress on a potential growth opportunity. Lockheed Conducts Successful Seeker Test For QuadStar Missile Competing For Army’s NGSRI
• Positive Sentiment: Investor interest in defense names remains supportive, with Lockheed highlighted as a trending stock and defense funds attracting attention amid higher NATO spending. Here is What to Know Beyond Why Lockheed Martin Corporation (LMT) is a Trending Stock
• Positive Sentiment: Hancock Prospecting’s $97 million investment in U.S. defense contractors, including Lockheed Martin, adds a vote of confidence in the sector. Gina Rinehart Deploys $97M Into U.S. Defense Giants RTX, Lockheed Martin, and Northrop Grumman
• Neutral Sentiment: Sanford C. Bernstein trimmed its price target to $614 from $661, but still sees room above the current share price and kept a Market Perform view. Lockheed Martin (NYSE:LMT) Given New $614.00 Price Target at Sanford C. Bernstein
• Negative Sentiment: Citigroup cut its price target to $571 from $675 and maintained a Neutral rating, reinforcing concerns that the stock may stay range-bound near term. Lockheed Martin (NYSE:LMT) Given New $571.00 Price Target at Citigroup

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.