RW Investment Management LLC Purchases New Stake in Lockheed Martin Corporation $LMT

RW Investment Management LLC acquired a new position in Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 1,246 shares of the aerospace company’s stock, valued at approximately $635,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Basso Capital Management L.P. purchased a new stake in shares of Lockheed Martin in the fourth quarter worth approximately $25,000. United Financial Planning Group LLC acquired a new position in Lockheed Martin in the 3rd quarter valued at approximately $25,000. Clarity Asset Management Inc. purchased a new stake in Lockheed Martin in the 4th quarter worth approximately $26,000. Triumph Capital Management lifted its position in Lockheed Martin by 66.7% in 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 in the last quarter. Finally, Bard Associates Inc. acquired a new stake in shares of Lockheed Martin during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Bank of America dropped their target price on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. JPMorgan Chase & Co. cut their price target on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft lowered their price target 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. Finally, Susquehanna dropped their price objective on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $632.39.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $608.21 on Monday. 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 fifty day simple moving average of $542.51 and a 200-day simple moving average of $576.42. The stock has a market capitalization of $140.37 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.04 and a beta of 0.10. Lockheed Martin Corporation has a 1-year low of $436.46 and a 1-year high of $692.00.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping the consensus estimate of $7.22 by $0.72. The firm had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, sell-side analysts expect that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed 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. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio 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.