Longfellow Investment Management Co. LLC Invests $1.28 Million in Lockheed Martin Corporation $LMT

Longfellow Investment Management Co. LLC acquired a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,517 shares of the aerospace company’s stock, valued at approximately $1,282,000.

A number of other large investors have also modified their holdings of LMT. Old West Investment Management LLC acquired a new position in shares of Lockheed Martin in the second quarter valued at $24,679,000. Chase Investment Counsel Corp acquired a new stake in Lockheed Martin during the second quarter worth $1,894,000. RW Investment Management LLC bought a new stake in Lockheed Martin in the 2nd quarter valued at $635,000. N.E.W. Advisory Services LLC bought a new stake in Lockheed Martin in the 2nd quarter valued at $180,000. Finally, HBK Sorce Advisory LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at $9,749,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 0.1%

Shares of NYSE LMT opened at $608.21 on Monday. The business has a fifty day moving average of $542.51 and a two-hundred day moving average of $576.42. 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 $436.46 and a 52-week high of $692.00. The stock has a market cap of $140.37 billion, a PE ratio of 22.42, a PEG ratio of 1.04 and a beta of 0.10.

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. The firm had revenue of $20.06 billion during 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 firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities research analysts expect that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be paid 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 2.3%. Lockheed Martin’s dividend payout ratio (DPR) is 50.87%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada raised their price objective on shares of Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. Wells Fargo & Company set a $600.00 target price on shares of Lockheed Martin in a research note on Monday, July 27th. Susquehanna dropped their price target on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research report on Friday, April 24th. TD Cowen cut their price target on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Finally, Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and a consensus price target of $632.39.

Lockheed Martin Company 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.