Meeder Advisory Services Inc. Grows Position in Lockheed Martin Corporation $LMT

Meeder Advisory Services Inc. boosted its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 20.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 6,706 shares of the aerospace company’s stock after acquiring an additional 1,145 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Lockheed Martin were worth $4,053,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. Welch Group LLC increased its stake in Lockheed Martin by 1.5% in the 4th quarter. Welch Group LLC now owns 132,684 shares of the aerospace company’s stock valued at $64,175,000 after buying an additional 1,999 shares during the period. World Investment Advisors lifted its stake in shares of Lockheed Martin by 54.7% in the 4th quarter. World Investment Advisors now owns 14,739 shares of the aerospace company’s stock worth $7,129,000 after acquiring an additional 5,214 shares during the period. SG Americas Securities LLC lifted its stake in shares of Lockheed Martin by 5.4% in the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company’s stock worth $167,043,000 after acquiring an additional 14,150 shares during the period. Secured Retirement Advisors LLC boosted its holdings in shares of Lockheed Martin by 288.6% in the fourth quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company’s stock valued at $1,513,000 after acquiring an additional 2,323 shares in the last quarter. Finally, Savvy Advisors Inc. boosted its holdings in shares of Lockheed Martin by 59.4% in the fourth quarter. Savvy Advisors Inc. now owns 7,637 shares of the aerospace company’s stock valued at $3,694,000 after acquiring an additional 2,847 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed Martin won a major U.S. Special Operations Command logistics and sustainment contract, adding to its defense backlog and improving revenue visibility. Lockheed Martin to Provide Next-Generation Logistics and Sustainment Support for U.S. Special Operations Command Under New Contract
• Positive Sentiment: The company is expanding missile production under new U.S. agreements, benefiting from rising demand for air and missile defense systems. Can Lockheed Martin’s Missile Defense Business Power Long-Term Growth?
• Positive Sentiment: Lockheed Martin Ventures is opening a London office and earmarking at least $100 million for investments in U.K. and European defense technologies, which could strengthen its long-term innovation pipeline. Lockheed Martin Earmarks $100 Million for Venture Capital Investments in U.K., Europe

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LMT. Sanford C. Bernstein reissued a “market perform” rating on shares of Lockheed Martin in a report on Friday, May 29th. Jefferies Financial Group set a $575.00 price objective on Lockheed Martin in a report on Thursday, June 25th. Susquehanna dropped their target price on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a research report on Friday, April 24th. Bank of America cut their target price on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Finally, TD Cowen reduced their price target on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and an average price target of $607.58.

Lockheed Martin Stock Performance

Shares of LMT opened at $508.93 on Monday. The company has a 50-day simple moving average of $521.95 and a 200-day simple moving average of $572.11. 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 company has a market capitalization of $117.34 billion, a PE ratio of 24.65, a P/E/G ratio of 0.91 and a beta of 0.11. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $692.00.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing the consensus estimate of $6.79 by ($0.35). The company 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 firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the business earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities research analysts predict that Lockheed Martin Corporation will post 29.94 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 1st were given a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 66.83%.

Lockheed Martin 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.