Citizens Financial Group Inc. RI Purchases New Shares in Lockheed Martin Corporation $LMT

Citizens Financial Group Inc. RI purchased a new position in Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 46,115 shares of the aerospace company’s stock, valued at approximately $23,494,000.

A number of other large investors also recently added to or reduced their stakes in the stock. World Investment Advisors boosted its position in Lockheed Martin by 54.7% during the fourth quarter. World Investment Advisors now owns 14,739 shares of the aerospace company’s stock worth $7,129,000 after acquiring an additional 5,214 shares during the last quarter. SG Americas Securities LLC raised its holdings in Lockheed Martin by 5.4% in the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company’s stock valued at $167,043,000 after acquiring an additional 14,150 shares during the last quarter. Secured Retirement Advisors LLC raised its holdings in Lockheed Martin by 288.6% in the 4th quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company’s stock valued at $1,513,000 after acquiring an additional 2,323 shares during the last quarter. Norris Financial Group LLC purchased a new position in Lockheed Martin in the 1st quarter worth approximately $2,321,000. Finally, Legal Advantage Investments Inc. purchased a new position in Lockheed Martin in the 1st quarter worth approximately $1,451,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 2.4%

LMT opened at $594.26 on Tuesday. The stock has a market capitalization of $137.15 billion, a PE ratio of 21.90, a P/E/G ratio of 1.04 and a beta of 0.10. Lockheed Martin Corporation has a one year low of $437.25 and a one year 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 $544.00 and its 200 day moving average price is $576.42.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The company had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the previous year, the business earned $1.46 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. 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 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s payout ratio is 50.87%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LMT shares. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Bank of America dropped their target price on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $632.39.

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.