Flavin Financial Services Inc. Invests $2.99 Million in Lockheed Martin Corporation $LMT

Flavin Financial Services Inc. acquired a new stake in Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,863 shares of the aerospace company’s stock, valued at approximately $2,987,000. Lockheed Martin accounts for 1.7% of Flavin Financial Services Inc.’s investment portfolio, making the stock its 22nd largest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. IAG Wealth Partners LLC boosted its position 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. United Financial Planning Group LLC acquired a new position in Lockheed Martin during the third quarter worth approximately $25,000. Burnham & Co LLC acquired a new position in Lockheed Martin during the second quarter worth approximately $25,000. Basso Capital Management L.P. purchased a new position in Lockheed Martin during the fourth quarter worth approximately $25,000. Finally, Clarity Asset Management Inc. purchased a new position in Lockheed Martin during the fourth quarter worth approximately $26,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LMT. JPMorgan Chase & Co. lowered their price objective on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Morgan Stanley increased their target price on Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Citigroup lifted their target price on Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a report on Thursday, August 13th. DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $632.39.

Lockheed Martin Trading Up 0.2%

LMT opened at $564.61 on Monday. The firm’s 50 day moving average is $547.80 and its 200-day moving average is $575.31. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $130.31 billion, a P/E ratio of 20.81, a P/E/G ratio of 0.97 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating 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 analyst estimates of $19.34 billion. During the same period last year, the business earned $1.46 EPS. The business’s 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. Analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is 50.87%.

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.