UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Holdings in Lockheed Martin Corporation $LMT

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 5.7% in the second quarter, HoldingsChannel reports. The firm owned 442,917 shares of the aerospace company’s stock after buying an additional 23,953 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Lockheed Martin were worth $225,648,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Basso Capital Management L.P. purchased a new stake in Lockheed Martin during the fourth quarter valued at approximately $25,000. Burnham & Co LLC purchased a new stake in Lockheed Martin in the second quarter worth about $25,000. United Financial Planning Group LLC bought a new position in shares of Lockheed Martin in the third quarter worth about $25,000. Clarity Asset Management Inc. bought a new position in shares of Lockheed Martin in the fourth quarter worth about $26,000. Finally, Field & Main Bank purchased a new position in shares of Lockheed Martin during the 2nd quarter valued at about $26,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.4%

NYSE LMT opened at $561.83 on Tuesday. The stock has a 50 day moving average price of $553.07 and a 200-day moving average price of $572.82. Lockheed Martin Corporation has a one year low of $437.25 and a one year 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 $129.66 billion, a P/E ratio of 20.71, a P/E/G ratio of 0.97 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, topping the consensus estimate of $7.22 by $0.72. The company had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. Lockheed Martin’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities analysts predict that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be issued a $3.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.5%. Lockheed Martin’s payout ratio is 50.87%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LMT shares. Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Royal Bank Of Canada lifted their price target on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. JPMorgan Chase & Co. dropped their price target on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Citigroup increased their price objective on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, Morgan Stanley raised their price objective on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and a consensus 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.