998 Shares in Lockheed Martin Corporation $LMT Acquired by West Family Investments Inc.

West Family Investments Inc. purchased a new stake in Lockheed Martin Corporation (NYSE:LMT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 998 shares of the aerospace company’s stock, valued at approximately $508,000.

Several other institutional investors and hedge funds have also recently modified their holdings of LMT. Basso Capital Management L.P. acquired a new stake in Lockheed Martin during the fourth quarter worth approximately $25,000. United Financial Planning Group LLC bought a new position in shares of Lockheed Martin during the third quarter worth approximately $25,000. Clarity Asset Management Inc. bought a new position in shares of Lockheed Martin during the fourth quarter worth approximately $26,000. Triumph Capital Management grew its holdings in Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after buying an additional 22 shares in the last quarter. Finally, Bard Associates Inc. bought a new position in 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 Analyst Weigh In

Several analysts have weighed in on LMT shares. Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. UBS Group reaffirmed a “neutral” rating and set a $581.00 target price on shares of Lockheed Martin in a report on Friday, July 24th. DZ Bank upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Finally, Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $632.39.

Lockheed Martin Stock Performance

NYSE:LMT opened at $589.47 on Thursday. The stock’s 50-day simple moving average is $546.85 and its 200 day simple moving average is $576.25. The firm has a market capitalization of $136.04 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 1.04 and a beta of 0.10. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. Lockheed Martin Corporation has a twelve month low of $437.25 and a twelve month high of $692.00.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. The company 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 firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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

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.