Heartland Bank & Trust Co Takes $964,000 Position in Lockheed Martin Corporation $LMT

Heartland Bank & Trust Co purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,892 shares of the aerospace company’s stock, valued at approximately $964,000.

A number of other hedge funds have also made changes to their positions in LMT. Basso Capital Management L.P. acquired a new position in shares of Lockheed Martin during the 4th quarter valued at $25,000. Burnham & Co LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter worth $25,000. United Financial Planning Group LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at about $25,000. Clarity Asset Management Inc. bought a new position in Lockheed Martin in the 4th quarter worth approximately $26,000. Finally, Triumph Capital Management increased its position in Lockheed Martin by 66.7% during the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 22 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT stock 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 company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The firm’s 50-day simple moving average is $547.80 and its two-hundred day simple moving average is $575.73. The firm has a market cap of $130.31 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 0.98 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. The firm 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 for the quarter was up 10.5% on a year-over-year basis. During the same period last 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, equities analysts forecast that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Announces Dividend

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

Wall Street Analysts Forecast Growth

LMT has been the subject of several recent research reports. Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Bank of America reduced their price target on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a research note on Sunday, July 26th. BNP Paribas Exane reduced their price objective on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.