Confluence Investment Management LLC Cuts Position in Lockheed Martin Corporation $LMT

Confluence Investment Management LLC lowered its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 4.1% in the second quarter, HoldingsChannel reports. The fund owned 258,577 shares of the aerospace company’s stock after selling 11,063 shares during the period. Lockheed Martin makes up 2.1% of Confluence Investment Management LLC’s portfolio, making the stock its 8th largest position. Confluence Investment Management LLC’s holdings in Lockheed Martin were worth $131,735,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Basso Capital Management L.P. acquired a new position in Lockheed Martin during the fourth quarter worth $25,000. United Financial Planning Group LLC bought a new stake in Lockheed Martin during the 3rd quarter worth about $25,000. Clarity Asset Management Inc. bought a new stake in Lockheed Martin during the 4th quarter worth about $26,000. Triumph Capital Management boosted its stake in shares of Lockheed Martin by 66.7% during the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after buying an additional 22 shares during the last quarter. Finally, Bard Associates Inc. acquired a new position in shares of Lockheed Martin during the 4th quarter worth about $27,000. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered 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. BNP Paribas Exane decreased their price target on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Susquehanna lowered their price target 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. Royal Bank Of Canada upped their price objective on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. Finally, UBS Group reissued a “neutral” rating and issued a $581.00 price objective on shares of Lockheed Martin in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and a consensus target price of $626.33.

Lockheed Martin Stock Up 0.6%

LMT stock opened at $586.28 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $135.31 billion, a PE ratio of 21.61, a PEG ratio of 1.00 and a beta of 0.10. Lockheed Martin Corporation has a 1-year low of $419.00 and a 1-year high of $692.00. The business’s 50 day simple moving average is $529.97 and its 200 day simple moving average is $575.66.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating 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 business had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter last year, the firm posted $1.46 EPS. The company’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. As a group, research analysts anticipate that Lockheed Martin Corporation will post 30.31 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be given a $3.45 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. Lockheed Martin’s dividend payout ratio is presently 50.87%.

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.