Ieq Capital LLC Invests $33.85 Million in Lockheed Martin Corporation $LMT

Ieq Capital LLC bought a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 66,452 shares of the aerospace company’s stock, valued at approximately $33,855,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Burnham & Co LLC bought a new position in Lockheed Martin in the second quarter worth approximately $25,000. Callan Family Office LLC purchased a new position in shares of Lockheed Martin during the 2nd quarter worth $5,808,000. Manhattan West Asset Management LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter valued at $431,000. Keebeck Wealth Management bought a new stake in shares of Lockheed Martin during the 2nd quarter valued at $588,000. Finally, Blue Capital Inc. purchased a new stake in shares of Lockheed Martin in the 2nd quarter worth $316,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Trading Down 1.2%

Shares of Lockheed Martin stock opened at $564.61 on Friday. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two 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 company has a market capitalization 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. The company has a fifty day moving average of $547.80 and a 200 day moving average of $575.73.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The business had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. During the same period last year, the firm earned $1.46 earnings per share. The business’s quarterly 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. On average, sell-side analysts anticipate that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is presently 50.87%.

Analyst Ratings Changes

LMT has been the topic of a number of recent research reports. TD Cowen decreased their target price on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a report on Monday, July 13th. BNP Paribas Exane reduced their price target on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Susquehanna decreased 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. UBS Group reaffirmed a “neutral” rating and set a $581.00 price objective on shares of Lockheed Martin in a research report on Friday, July 24th. Finally, Citigroup boosted their price objective on Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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.