Hennion & Walsh Asset Management Inc. Acquires 965 Shares of Lockheed Martin Corporation $LMT

Hennion & Walsh Asset Management Inc. grew its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 5.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,490 shares of the aerospace company’s stock after purchasing an additional 965 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Lockheed Martin were worth $9,420,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Welch Group LLC lifted its holdings in shares of Lockheed Martin by 1.5% during the 4th quarter. Welch Group LLC now owns 132,684 shares of the aerospace company’s stock worth $64,175,000 after acquiring an additional 1,999 shares during the period. World Investment Advisors increased its stake in Lockheed Martin by 54.7% in the fourth 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 during the last quarter. SG Americas Securities LLC raised its position in Lockheed Martin by 5.4% during the first quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company’s stock valued at $167,043,000 after purchasing an additional 14,150 shares in the last quarter. Secured Retirement Advisors LLC raised its position in Lockheed Martin by 288.6% during the fourth quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company’s stock valued at $1,513,000 after purchasing an additional 2,323 shares in the last quarter. Finally, Legal Advantage Investments Inc. bought a new stake in Lockheed Martin during the first quarter worth $1,451,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $587.12 on Friday. Lockheed Martin Corporation has a fifty-two week low of $423.91 and a fifty-two week high of $692.00. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The firm has a market capitalization of $135.50 billion, a P/E ratio of 21.64, a P/E/G ratio of 1.01 and a beta of 0.10. The company’s 50 day moving average price is $534.01 and its two-hundred day moving average price is $575.86.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.22 by $0.72. The company had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities analysts forecast that Lockheed Martin Corporation will post 30.36 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a dividend of $3.45 per share. The ex-dividend date 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 Analysts Forecast Growth

LMT has been the topic of a number of research analyst reports. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a report on Monday, July 27th. Weiss Ratings raised Lockheed Martin from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. UBS Group reaffirmed a “neutral” rating and issued a $581.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. Finally, Robert W. Baird set a $700.00 target price on Lockheed Martin in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $626.33.

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.