Los Angeles Capital Management LLC Purchases 13,204 Shares of Lockheed Martin Corporation $LMT

Los Angeles Capital Management LLC raised its position in Lockheed Martin Corporation (NYSE:LMT) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 258,400 shares of the aerospace company’s stock after buying an additional 13,204 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Lockheed Martin were worth $126,544,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. United Financial Planning Group LLC bought a new position in Lockheed Martin in the 3rd quarter valued at about $25,000. Tucker Asset Management LLC bought a new position in Lockheed Martin in the 4th quarter valued at about $32,000. Beacon Financial Strategies CORP bought a new position in Lockheed Martin in the 4th quarter valued at about $34,000. Wexford Capital LP bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at approximately $36,000. Finally, Torren Management LLC bought a new stake in shares of Lockheed Martin during the 4th quarter valued at approximately $38,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Up 1.0%

Lockheed Martin stock opened at $524.13 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $692.00. The firm’s fifty day moving average is $556.10 and its 200 day moving average is $560.17. The company has a market capitalization of $120.84 billion, a PE ratio of 25.38, a PEG ratio of 0.95 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last released its earnings results 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). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The company had revenue of $18.02 billion for the quarter, compared to analyst estimates of $18.38 billion. During the same quarter in the previous year, the firm earned $7.28 EPS. The firm’s 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, sell-side analysts predict that Lockheed Martin Corporation will post 29.88 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be given a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, June 1st. Lockheed Martin’s payout ratio is presently 66.83%.

Wall Street Analyst Weigh In

LMT has been the topic of a number of research reports. BNP Paribas Exane reduced their target price on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. TD Cowen lowered their target price on Lockheed Martin from $670.00 to $600.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Susquehanna reduced their price objective on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a research note on Friday, April 24th. Wall Street Zen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Bank of America reduced their price objective on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $620.68.

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.