NewEdge Advisors LLC Raises Holdings in Lockheed Martin Corporation $LMT

NewEdge Advisors LLC increased its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,786 shares of the aerospace company’s stock after acquiring an additional 1,149 shares during the quarter. NewEdge Advisors LLC’s holdings in Lockheed Martin were worth $25,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of LMT. Basso Capital Management L.P. bought a new position in shares of Lockheed Martin in the fourth quarter worth approximately $25,000. United Financial Planning Group LLC bought a new stake in Lockheed Martin during the 3rd quarter valued at $25,000. Clarity Asset Management Inc. bought a new stake in Lockheed Martin during the 4th quarter valued at $26,000. Triumph Capital Management boosted its position in Lockheed Martin by 66.7% during 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. Finally, Bard Associates Inc. purchased a new stake in Lockheed Martin during the 4th quarter valued at $27,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Trading Up 0.7%

NYSE LMT opened at $587.12 on Friday. The firm has a market capitalization of $135.50 billion, a PE ratio of 21.64, a P/E/G ratio of 1.00 and a beta of 0.10. The stock’s 50 day moving average is $534.01 and its 200 day moving average is $575.86. Lockheed Martin Corporation has a twelve month low of $423.91 and a twelve month high of $692.00. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. The business had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Research analysts forecast that Lockheed Martin Corporation will post 30.36 earnings per share for the current fiscal 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 paid a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 50.87%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LMT shares. JPMorgan Chase & Co. decreased their price objective on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. UBS Group reiterated a “neutral” rating and set a $581.00 target price on shares of Lockheed Martin in a report on Friday, July 24th. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a research note on Monday, July 27th. Robert W. Baird set a $700.00 price target on Lockheed Martin in a report on Friday, July 24th. Finally, Weiss Ratings raised Lockheed Martin from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $626.33.

Lockheed Martin 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.