Pacific Heights Asset Management LLC Purchases 15,000 Shares of Lockheed Martin Corporation $LMT

Pacific Heights Asset Management LLC raised its position in Lockheed Martin Corporation (NYSE:LMT) by 20.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 90,000 shares of the aerospace company’s stock after buying an additional 15,000 shares during the quarter. Lockheed Martin comprises about 1.6% of Pacific Heights Asset Management LLC’s portfolio, making the stock its 13th largest holding. Pacific Heights Asset Management LLC’s holdings in Lockheed Martin were worth $43,530,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LMT. Wellington Management Group LLP boosted its position in shares of Lockheed Martin by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,384,753 shares of the aerospace company’s stock worth $1,190,493,000 after acquiring an additional 79,491 shares in the last quarter. Invesco Ltd. lifted its stake in Lockheed Martin by 4.2% during the third quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock worth $1,096,294,000 after purchasing an additional 87,663 shares during the last quarter. Legal & General Group Plc lifted its stake in Lockheed Martin by 6.6% during the third quarter. Legal & General Group Plc now owns 1,022,940 shares of the aerospace company’s stock worth $510,662,000 after purchasing an additional 63,430 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Lockheed Martin by 41.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 808,409 shares of the aerospace company’s stock valued at $403,534,000 after purchasing an additional 236,137 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Lockheed Martin by 16.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 761,382 shares of the aerospace company’s stock worth $347,381,000 after buying an additional 108,553 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.0%

NYSE:LMT opened at $516.25 on Monday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $692.00. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The stock has a market capitalization of $119.03 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 0.93 and a beta of 0.10. The firm has a fifty day simple moving average of $590.88 and a two-hundred day simple moving average of $555.16.

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

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) is 66.83%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LMT. Wells Fargo & Company began coverage on Lockheed Martin in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 target price for the company. Morgan Stanley dropped 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 report on Friday, April 24th. Susquehanna lowered their price objective on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research report on Friday, April 24th. Argus upped their target price on Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and an average price target of $628.63.

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.