Evolve Private Wealth LLC Purchases New Holdings in Lockheed Martin Corporation $LMT

Evolve Private Wealth LLC acquired a new position in Lockheed Martin Corporation (NYSE:LMT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,853 shares of the aerospace company’s stock, valued at approximately $1,456,000.

Several other large investors also recently bought and sold shares of the company. IAG Wealth Partners LLC boosted its stake in shares of Lockheed Martin by 4,800.0% in the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 48 shares during the last quarter. Burnham & Co LLC acquired a new stake in Lockheed Martin during the 2nd quarter worth $25,000. United Financial Planning Group LLC purchased a new stake in shares of Lockheed Martin during the third quarter worth $25,000. Basso Capital Management L.P. acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at about $25,000. Finally, Clarity Asset Management Inc. acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at about $26,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Trading Down 1.2%

Shares of Lockheed Martin stock opened at $564.61 on Friday. The stock has a 50 day moving average of $547.80 and a 200 day moving average of $575.73. 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 firm has a market capitalization of $130.31 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00.

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

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be given a $3.45 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.4%. Lockheed Martin’s dividend payout ratio is presently 50.87%.

Analyst Ratings Changes

A number of research firms recently weighed in on LMT. DZ Bank upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. TD Cowen decreased their target price on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. UBS Group restated a “neutral” rating and set a $581.00 target price on shares of Lockheed Martin in a report on Friday, July 24th. Jefferies Financial Group reiterated a “hold” rating on shares of Lockheed Martin in a research report on Sunday, July 26th. Finally, Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $632.39.

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.