Hennion & Walsh Asset Management Inc. Acquires 965 Shares of Lockheed Martin Corporation $LMT

Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 5.5% during the second quarter, HoldingsChannel reports. The fund owned 18,490 shares of the aerospace company’s stock after purchasing an additional 965 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Lockheed Martin were worth $9,420,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. Basso Capital Management L.P. acquired a new position in Lockheed Martin during the 4th quarter worth about $25,000. United Financial Planning Group LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at about $25,000. Clarity Asset Management Inc. acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at about $26,000. Triumph Capital Management raised its position in shares of Lockheed Martin by 66.7% during the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 22 shares during the last quarter. Finally, Bard Associates Inc. bought a new position in shares of Lockheed Martin during the fourth quarter worth about $27,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. DZ Bank upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Citigroup upgraded shares of Lockheed Martin from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $571.00 to $582.00 in a research report on Wednesday, July 1st. Robert W. Baird set a $700.00 target price on shares of Lockheed Martin in a research note on Friday, July 24th. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Finally, Susquehanna cut their price target on shares of 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, seven have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $626.33.

Lockheed Martin Price Performance

Shares of LMT opened at $587.12 on Friday. Lockheed Martin Corporation has a 52-week low of $423.91 and a 52-week 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 business’s 50 day moving average price is $534.01 and its two-hundred day moving average price is $575.86. The firm has a market cap of $135.50 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 1.01 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results 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 firm had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities analysts anticipate that Lockheed Martin Corporation will post 30.36 EPS for the current year.

Lockheed Martin Dividend Announcement

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

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.