West Family Investments Inc. Makes New $508,000 Investment in Lockheed Martin Corporation $LMT

West Family Investments Inc. bought a new position in Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 998 shares of the aerospace company’s stock, valued at approximately $508,000.

Several other hedge funds have also modified their holdings of the stock. World Investment Advisors lifted its stake in shares of Lockheed Martin by 54.7% in the 4th quarter. World Investment Advisors now owns 14,739 shares of the aerospace company’s stock valued at $7,129,000 after purchasing an additional 5,214 shares during the period. SG Americas Securities LLC increased its stake in Lockheed Martin by 5.4% during the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company’s stock worth $167,043,000 after purchasing an additional 14,150 shares in the last quarter. Secured Retirement Advisors LLC increased its stake in Lockheed Martin by 288.6% during the 4th quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company’s stock worth $1,513,000 after purchasing an additional 2,323 shares in the last quarter. Norris Financial Group LLC acquired a new stake in Lockheed Martin during the 1st quarter worth approximately $2,321,000. Finally, Legal Advantage Investments Inc. acquired a new stake in Lockheed Martin during the 1st quarter worth approximately $1,451,000. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LMT has been the subject of several research reports. Wells Fargo & Company set a $600.00 price objective on shares of Lockheed Martin in a research report on Monday, July 27th. Bank of America lowered their target price on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. Robert W. Baird set a $700.00 price target on Lockheed Martin in a report on Friday, July 24th. Finally, DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $632.39.

Lockheed Martin Price Performance

NYSE:LMT opened at $589.47 on Thursday. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00. The company has a market cap of $136.04 billion, a P/E ratio of 21.73, a P/E/G ratio of 1.04 and a beta of 0.10. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The stock’s 50-day simple moving average is $546.85 and its 200 day simple moving average is $576.25.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share 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 for the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the previous year, the company earned $1.46 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, sell-side analysts forecast that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend 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.