Vertrix Wealth Management LLC Has $4.71 Million Stock Holdings in Lockheed Martin Corporation $LMT

Vertrix Wealth Management LLC grew its position in Lockheed Martin Corporation (NYSE:LMT) by 13.5% during the second quarter, HoldingsChannel reports. The firm owned 9,246 shares of the aerospace company’s stock after buying an additional 1,099 shares during the quarter. Lockheed Martin comprises approximately 1.6% of Vertrix Wealth Management LLC’s holdings, making the stock its 23rd biggest position. Vertrix Wealth Management LLC’s holdings in Lockheed Martin were worth $4,710,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cerro Pacific Wealth Advisors LLC grew its stake in Lockheed Martin by 1.2% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock valued at $665,000 after buying an additional 16 shares during the last quarter. Garner Asset Management Corp lifted its position in Lockheed Martin by 0.9% during the 4th quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock worth $839,000 after acquiring an additional 16 shares during the last quarter. Davis R M Inc. lifted its position in Lockheed Martin by 1.3% during the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock worth $612,000 after acquiring an additional 16 shares during the last quarter. Broadway Wealth Solutions Inc. boosted its holdings in Lockheed Martin by 3.6% during the fourth quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock valued at $234,000 after acquiring an additional 17 shares during the period. Finally, Aspire Growth Partners LLC boosted its holdings in Lockheed Martin by 0.7% during the fourth quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock valued at $1,217,000 after acquiring an additional 17 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LMT has been the topic of a number of recent analyst reports. UBS Group reiterated a “neutral” rating and issued a $581.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft decreased their target price on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research note on Friday, April 24th. BNP Paribas Exane dropped their price target 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. Weiss Ratings upgraded Lockheed Martin from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Finally, Morgan Stanley increased their price objective on Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. One equities 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 stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $626.33.

Lockheed Martin Stock Down 0.1%

Shares of LMT opened at $587.12 on Monday. The company has a 50-day simple moving average of $534.01 and a 200-day simple moving average of $575.82. The firm has a market capitalization of $135.50 billion, a P/E ratio of 21.64, a P/E/G ratio of 1.01 and a beta of 0.10. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. Lockheed Martin Corporation has a 52 week low of $423.91 and a 52 week high of $692.00.

Lockheed Martin (NYSE:LMT) last released its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same quarter last year, the company earned $1.46 earnings per share. The firm’s 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. On average, equities research analysts expect that Lockheed Martin Corporation will post 30.36 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be given a $3.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.4%. Lockheed Martin’s dividend payout ratio (DPR) is currently 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.