1,603 Shares in Lockheed Martin Corporation $LMT Bought by Maridea Wealth Management LLC

Maridea Wealth Management LLC purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, HoldingsChannel reports. The fund purchased 1,603 shares of the aerospace company’s stock, valued at approximately $817,000.

A number of other hedge funds have also modified their holdings of LMT. Bridgewater Advisors Inc. acquired a new position in Lockheed Martin in the 2nd quarter worth approximately $896,000. BIP Wealth LLC acquired a new stake in Lockheed Martin during the 2nd quarter valued at approximately $713,000. Trifecta Capital Advisors LLC acquired a new stake in Lockheed Martin during the 2nd quarter valued at approximately $5,744,000. Everett Harris & Co. CA acquired a new stake in Lockheed Martin during the 2nd quarter valued at approximately $24,973,000. Finally, Summit Global Investments purchased a new stake in shares of Lockheed Martin in the 2nd quarter valued at $2,247,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Robert W. Baird set a $700.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. UBS Group restated a “neutral” rating and set a $581.00 target price on shares of Lockheed Martin in a research report on Friday, July 24th. Morgan Stanley upped their price target on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft cut their price target on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Finally, Royal Bank Of Canada lifted their price objective on Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $632.39.

Lockheed Martin Stock Performance

LMT opened at $608.21 on Friday. The firm’s fifty day simple moving average is $542.51 and its two-hundred day simple moving average is $576.46. Lockheed Martin Corporation has a 52-week low of $436.46 and a 52-week high of $692.00. The company has a market cap of $140.37 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.04 and a beta of 0.10. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT) last released its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same quarter in the previous year, the company earned $1.46 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities analysts anticipate that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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 issued a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s payout ratio is presently 50.87%.

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.