Lockheed Martin Corporation $LMT Shares Purchased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. boosted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 20.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,706 shares of the aerospace company’s stock after purchasing an additional 1,145 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Lockheed Martin were worth $4,053,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LMT. IAG Wealth Partners LLC grew its position in shares of Lockheed Martin by 4,800.0% during the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock worth $30,000 after buying an additional 48 shares in the last quarter. United Financial Planning Group LLC acquired a new stake in Lockheed Martin in the third quarter valued at approximately $25,000. Basso Capital Management L.P. purchased a new position in Lockheed Martin in the fourth quarter worth approximately $25,000. Clarity Asset Management Inc. purchased a new position in Lockheed Martin in the fourth quarter worth approximately $26,000. Finally, TD Capital Management LLC lifted its stake in Lockheed Martin by 450.0% in the fourth quarter. TD Capital Management LLC now owns 55 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT opened at $508.93 on Monday. The company has a market capitalization of $117.34 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 0.91 and a beta of 0.11. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $692.00. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The stock has a 50 day moving average price of $521.95 and a 200 day moving average price of $572.11.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share 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 analyst estimates of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Research analysts predict that Lockheed Martin Corporation will post 29.94 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 1st were paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.7%. The ex-dividend date was Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) is currently 66.83%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wells Fargo & Company set a $575.00 price objective on shares of Lockheed Martin in a research report on Wednesday, July 8th. Jefferies Financial Group set a $575.00 price objective on shares of Lockheed Martin in a research report on Thursday, June 25th. Citigroup upgraded shares of Lockheed Martin from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $571.00 to $582.00 in a research note on Wednesday, July 1st. UBS Group dropped their target price on Lockheed Martin from $683.00 to $538.00 in a report on Tuesday, June 30th. Finally, BNP Paribas Exane cut their price target on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock 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 assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $607.58.

Key Stories Impacting Lockheed Martin

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Lockheed Martin won a major U.S. Special Operations Command logistics and sustainment contract, adding to its defense backlog and improving revenue visibility. Lockheed Martin to Provide Next-Generation Logistics and Sustainment Support for U.S. Special Operations Command Under New Contract
• Positive Sentiment: The company is expanding missile production under new U.S. agreements, benefiting from rising demand for air and missile defense systems. Can Lockheed Martin’s Missile Defense Business Power Long-Term Growth?
• Positive Sentiment: Lockheed Martin Ventures is opening a London office and earmarking at least $100 million for investments in U.K. and European defense technologies, which could strengthen its long-term innovation pipeline. Lockheed Martin Earmarks $100 Million for Venture Capital Investments in U.K., Europe

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.