Perryman Financial Advisory Inc. AD Invests $6.49 Million in Lockheed Martin Corporation $LMT

Perryman Financial Advisory Inc. AD purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,410 shares of the aerospace company’s stock, valued at approximately $6,486,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Piedmont Capital Management LLC NC bought a new position in shares of Lockheed Martin during the 4th quarter worth $236,000. Resources Management Corp CT ADV boosted its position in Lockheed Martin by 186.4% during the fourth quarter. Resources Management Corp CT ADV now owns 3,795 shares of the aerospace company’s stock valued at $1,836,000 after purchasing an additional 2,470 shares in the last quarter. Sargent Investment Group LLC bought a new stake in Lockheed Martin during the fourth quarter valued at about $504,000. MML Investors Services LLC boosted its position in Lockheed Martin by 11.3% during the fourth quarter. MML Investors Services LLC now owns 110,921 shares of the aerospace company’s stock valued at $53,649,000 after purchasing an additional 11,230 shares in the last quarter. Finally, Mariner LLC boosted its position in Lockheed Martin by 26.9% during the fourth quarter. Mariner LLC now owns 148,533 shares of the aerospace company’s stock valued at $71,860,000 after purchasing an additional 31,461 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $539.94 on Monday. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. The company has a market cap of $124.49 billion, a PE ratio of 26.15, a P/E/G ratio of 0.98 and a beta of 0.10. The business has a 50-day simple moving average of $548.13 and a two-hundred day simple moving average of $563.19. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $692.00.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.79 by ($0.35). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The firm had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $18.38 billion. During the same quarter in the previous year, the business earned $7.28 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, equities analysts expect that Lockheed Martin Corporation will post 29.88 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be given a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) is currently 66.83%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Weiss Ratings downgraded Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. BNP Paribas Exane dropped their price objective on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Royal Bank Of Canada dropped their price objective on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a research report on Friday, April 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $595.00 price objective on shares of Lockheed Martin in a research report on Sunday, April 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and an average price target of $620.68.

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.