Twin Capital Management Inc. Grows Stock Position in Lockheed Martin Corporation $LMT

Twin Capital Management Inc. increased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 38.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,857 shares of the aerospace company’s stock after buying an additional 1,357 shares during the quarter. Twin Capital Management Inc.’s holdings in Lockheed Martin were worth $2,349,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cerro Pacific Wealth Advisors LLC raised its position in Lockheed Martin by 1.2% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock valued at $665,000 after purchasing an additional 16 shares during the period. Garner Asset Management Corp raised its position in Lockheed Martin by 0.9% in the fourth quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock valued at $839,000 after purchasing an additional 16 shares during the period. Broadway Wealth Solutions Inc. raised its position in Lockheed Martin by 3.6% in the fourth quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock valued at $234,000 after purchasing an additional 17 shares during the period. Aspire Growth Partners LLC raised its position in Lockheed Martin by 0.7% in the fourth quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock valued at $1,217,000 after purchasing an additional 17 shares during the period. Finally, Newbridge Financial Services Group Inc. grew its stake in shares of Lockheed Martin by 3.2% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 583 shares of the aerospace company’s stock worth $282,000 after acquiring an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on LMT. Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. BNP Paribas Exane lowered their target price on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. TD Cowen dropped their price objective on Lockheed Martin from $670.00 to $600.00 and set a “hold” rating on the stock in a report on Friday, April 24th. Sanford C. Bernstein decreased their target price on Lockheed Martin from $661.00 to $614.00 and set a “market perform” rating for the company in a research report on Monday. 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 note on Monday, February 2nd. One investment 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 stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and a consensus price target of $620.68.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $522.32 on Thursday. The stock has a fifty day moving average price of $582.60 and a 200 day moving average price of $555.98. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $692.00. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. The company has a market cap of $120.43 billion, a PE ratio of 25.29, a P/E/G ratio of 0.95 and a beta of 0.10.

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). The firm had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Sell-side analysts forecast that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be paid a $3.45 dividend. 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 payout ratio is currently 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.