164,002 Shares in Lockheed Martin Corporation $LMT Purchased by Korea Investment CORP

Korea Investment CORP acquired a new position in Lockheed Martin Corporation (NYSE:LMT) during the 2nd quarter, HoldingsChannel reports. The fund acquired 164,002 shares of the aerospace company’s stock, valued at approximately $83,552,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Basso Capital Management L.P. bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $25,000. Burnham & Co LLC bought a new position in Lockheed Martin during the second quarter valued at $25,000. United Financial Planning Group LLC purchased a new stake in Lockheed Martin in the third quarter worth $25,000. Clarity Asset Management Inc. purchased a new stake in Lockheed Martin in the fourth quarter worth $26,000. Finally, Triumph Capital Management raised its stake in shares of Lockheed Martin by 66.7% in the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after buying an additional 22 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Down 1.2%

Shares of NYSE LMT opened at $564.61 on Friday. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00. The business has a 50-day simple moving average of $547.80 and a two-hundred day simple moving average of $575.73. 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 has a market cap of $130.31 billion, a P/E ratio of 20.81, a P/E/G ratio of 0.98 and a beta of 0.10.

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

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 50.87%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. UBS Group reiterated a “neutral” rating and set a $581.00 price target on shares of Lockheed Martin in a research note on Friday, July 24th. Susquehanna lowered their price objective on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a research note on Friday, April 24th. DZ Bank upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Finally, TD Cowen lowered their price target on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $632.39.

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.