Mariner LLC Increases Stock Holdings in Lockheed Martin Corporation $LMT

Mariner LLC grew its stake in Lockheed Martin Corporation (NYSE:LMT) by 26.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 148,533 shares of the aerospace company’s stock after buying an additional 31,461 shares during the quarter. Mariner LLC’s holdings in Lockheed Martin were worth $71,860,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LMT. United Financial Planning Group LLC purchased a new position in shares of Lockheed Martin in the 3rd quarter valued at about $25,000. Clarity Asset Management Inc. purchased a new position in shares of Lockheed Martin in the 4th quarter valued at about $26,000. Triumph Capital Management boosted its stake in shares of Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after buying an additional 22 shares during the period. Bard Associates Inc. purchased a new position in shares of Lockheed Martin in the 4th quarter valued at about $27,000. Finally, Tucker Asset Management LLC purchased a new position in shares of Lockheed Martin in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

LMT has been the subject of several recent research reports. Bank of America decreased their price objective on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Weiss Ratings lowered Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada cut their target price 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. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Finally, Susquehanna cut their target price on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Lockheed Martin has an average rating of “Hold” and a consensus price target of $620.68.

Lockheed Martin Trading Down 2.0%

LMT opened at $529.54 on Tuesday. The firm has a market cap of $122.09 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 0.98 and a beta of 0.10. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The business’s 50 day moving average is $546.26 and its two-hundred day moving average is $563.73. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing the consensus estimate of $6.79 by ($0.35). The firm had revenue of $18.02 billion for the quarter, compared to analyst estimates of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The company’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the firm earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, research analysts predict that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Dividend Announcement

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

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.