Pacific Heights Asset Management LLC Purchases 10,000 Shares of Lockheed Martin Corporation $LMT

Pacific Heights Asset Management LLC boosted its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 9.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,000 shares of the aerospace company’s stock after acquiring an additional 10,000 shares during the period. Lockheed Martin accounts for 1.9% of Pacific Heights Asset Management LLC’s holdings, making the stock its 11th biggest position. Pacific Heights Asset Management LLC’s holdings in Lockheed Martin were worth $58,588,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LMT. Jefferies Financial Group Inc. lifted its holdings in shares of Lockheed Martin by 57.5% during the 2nd quarter. Jefferies Financial Group Inc. now owns 84,294 shares of the aerospace company’s stock valued at $42,944,000 after purchasing an additional 30,774 shares during the last quarter. Triton Financial Group Inc purchased a new position in Lockheed Martin during the 2nd quarter worth $1,193,000. Proficio Capital Partners LLC grew its stake in Lockheed Martin by 45.6% during the 2nd quarter. Proficio Capital Partners LLC now owns 2,510 shares of the aerospace company’s stock worth $1,279,000 after buying an additional 786 shares during the last quarter. Pure Financial Advisors LLC grew its stake in Lockheed Martin by 4.0% during the 2nd quarter. Pure Financial Advisors LLC now owns 4,818 shares of the aerospace company’s stock worth $2,455,000 after buying an additional 184 shares during the last quarter. Finally, Transamerica Financial Advisors LLC increased its position in Lockheed Martin by 3.5% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 1,816 shares of the aerospace company’s stock valued at $925,000 after buying an additional 62 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Royal Bank Of Canada increased their price target on Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. Robert W. Baird set a $700.00 price objective on shares of Lockheed Martin in a research report on Friday, July 24th. TD Cowen lowered their target price on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Morgan Stanley boosted their target price on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Finally, UBS Group restated a “neutral” rating and set a $581.00 price target on shares of Lockheed Martin in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and an average target price of $632.39.

Lockheed Martin Stock Up 0.0%

Lockheed Martin stock opened at $565.81 on Friday. 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 business’s 50-day simple moving average is $550.67 and its two-hundred day simple moving average is $573.82. The company has a market cap of $130.58 billion, a PE ratio of 20.86, a PEG ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $19.34 billion. During the same period last year, the business posted $1.46 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Dividend Announcement

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 issued 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 50.87%.

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.