Sandro Wealth Management LLC Acquires Shares of 1,017 Lockheed Martin Corporation $LMT

Sandro Wealth Management LLC acquired a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,017 shares of the aerospace company’s stock, valued at approximately $518,000.

Several other hedge funds and other institutional investors also recently modified their holdings of LMT. PTM Wealth Management LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter worth about $512,000. Centric Wealth Management bought a new position in shares of Lockheed Martin during the second quarter worth about $3,217,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Lockheed Martin during the second quarter worth about $8,446,000. State of Wyoming acquired a new position in Lockheed Martin in the second quarter worth about $210,000. Finally, ABN AMRO Bank N.V. acquired a new position in Lockheed Martin in the second quarter worth about $1,216,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT opened at $608.21 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. The company’s 50-day moving average price is $542.51 and its 200 day moving average price is $576.46. Lockheed Martin Corporation has a fifty-two week low of $436.46 and a fifty-two week high of $692.00. The firm has a market cap of $140.37 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.04 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating the consensus estimate of $7.22 by $0.72. The company had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The business’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, sell-side analysts expect that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 50.87%.

Analyst Ratings Changes

LMT has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a report on Monday, July 27th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. TD Cowen lowered 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. Finally, BNP Paribas Exane dropped their price target on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $632.39.

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.