Dearborn Partners LLC Takes $1.12 Million Position in Lockheed Martin Corporation $LMT

Dearborn Partners LLC acquired a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 1,852 shares of the aerospace company’s stock, valued at approximately $1,119,000.

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

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $563.65 on Tuesday. The stock has a market capitalization of $130.08 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 0.97 and a beta of 0.10. The firm’s 50-day moving average price is $548.48 and its two-hundred day moving average price is $574.85. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. Lockheed Martin Corporation has a 1-year low of $437.25 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 business had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.Lockheed Martin’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be paid a $3.45 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.4%. Lockheed Martin’s payout ratio is currently 50.87%.

Wall Street Analyst Weigh In

Several brokerages recently commented on LMT. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a research report on Sunday, July 26th. JPMorgan Chase & Co. lowered their price target on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Royal Bank Of Canada increased their price objective on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a report on Friday, May 29th. Finally, Wells Fargo & Company set a $600.00 price objective on shares of Lockheed Martin in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $632.39.

Lockheed Martin 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.