Lockheed Martin (NYSE:LMT) Trading Up 1.7% Following Dividend Announcement

Lockheed Martin Corporation (NYSE:LMT)’s share price rose 1.7% on Tuesday following a dividend announcement from the company. The company traded as high as $522.51 and last traded at $521.1010. Approximately 1,138,186 shares traded hands during trading, a decline of 35% from the average daily volume of 1,745,977 shares. The stock had previously closed at $512.25.

The newly announced dividend which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be paid a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. Lockheed Martin’s dividend payout ratio is 66.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LMT shares. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Sanford C. Bernstein upped their price target on shares of Lockheed Martin from $654.00 to $661.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group upped their price target on shares of Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a research note on Monday, February 2nd. Morgan Stanley lowered their price target on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Finally, Wall Street Zen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and an average target price of $628.63.

Lockheed Martin Stock Up 0.0%

The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. The firm’s 50-day moving average is $593.84 and its 200 day moving average is $554.95. The firm has a market capitalization of $119.90 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 0.94 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing the consensus estimate of $6.79 by ($0.35). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The business had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $18.38 billion. During the same quarter in the prior year, the firm earned $7.28 earnings per share. Lockheed Martin’s quarterly revenue was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, research analysts forecast that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lockheed Martin

Several institutional investors and hedge funds have recently made changes to their positions in LMT. Brighton Jones LLC lifted its holdings in Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after purchasing an additional 191 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in Lockheed Martin by 5.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock valued at $451,000 after purchasing an additional 50 shares in the last quarter. Schnieders Capital Management LLC. lifted its holdings in Lockheed Martin by 17.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock valued at $676,000 after purchasing an additional 215 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in Lockheed Martin by 36.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock valued at $1,042,000 after purchasing an additional 595 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Lockheed Martin by 18.2% in the 2nd quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company’s stock valued at $40,092,000 after purchasing an additional 13,300 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

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.