Western Wealth Management LLC Buys New Stake in Lockheed Martin Corporation $LMT

Western Wealth Management LLC purchased a new stake in Lockheed Martin Corporation (NYSE:LMT) during the second quarter, according to its most recent filing with the SEC. The fund purchased 954 shares of the aerospace company’s stock, valued at approximately $486,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cerro Pacific Wealth Advisors LLC increased its holdings in shares of Lockheed Martin by 1.2% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock worth $665,000 after purchasing an additional 16 shares during the last quarter. Garner Asset Management Corp boosted its stake in Lockheed Martin by 0.9% during the fourth quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock valued at $839,000 after buying an additional 16 shares during the last quarter. Davis R M Inc. grew its holdings in Lockheed Martin by 1.3% during the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock valued at $612,000 after buying an additional 16 shares in the last quarter. Aspire Growth Partners LLC grew its holdings in Lockheed Martin by 0.7% during the 4th quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock valued at $1,217,000 after buying an additional 17 shares in the last quarter. Finally, Insigneo Advisory Services LLC increased its stake in Lockheed Martin by 0.6% in the 4th quarter. Insigneo Advisory Services LLC now owns 2,884 shares of the aerospace company’s stock worth $1,395,000 after acquiring an additional 17 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE LMT opened at $556.95 on Wednesday. The business’s 50 day moving average price is $548.90 and its 200-day moving average price is $574.52. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00. The company has a market cap of $128.54 billion, a P/E ratio of 20.53, a P/E/G ratio of 0.97 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.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 91.42% and a net margin of 8.16%.Lockheed Martin’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the company earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Sell-side analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.5%. Lockheed Martin’s payout ratio is currently 50.87%.

Wall Street Analysts Forecast Growth

LMT has been the topic of several recent research reports. Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a research note on Friday, July 24th. TD Cowen lowered their price objective on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Finally, Royal Bank Of Canada lifted their price objective on shares of Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. One 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $632.39.

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.