Fox Run Management L.L.C. Makes New Investment in Lockheed Martin Corporation $LMT

Fox Run Management L.L.C. acquired a new position in Lockheed Martin Corporation (NYSE:LMT) during the 4th quarter, HoldingsChannel reports. The fund acquired 4,369 shares of the aerospace company’s stock, valued at approximately $2,113,000. Lockheed Martin comprises 0.3% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 25th largest position.

Several other hedge funds have also added to or reduced their stakes in the stock. Claret Asset Management Corp raised its position in Lockheed Martin by 67.6% in the fourth quarter. Claret Asset Management Corp now owns 910 shares of the aerospace company’s stock worth $440,000 after acquiring an additional 367 shares during the period. Miramar Capital LLC raised its position in Lockheed Martin by 1.0% in the fourth quarter. Miramar Capital LLC now owns 27,916 shares of the aerospace company’s stock worth $13,502,000 after acquiring an additional 287 shares during the period. Franklin Resources Inc. raised its position in Lockheed Martin by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock worth $807,866,000 after acquiring an additional 10,349 shares during the period. Erste Asset Management GmbH raised its position in Lockheed Martin by 15.6% in the fourth quarter. Erste Asset Management GmbH now owns 312 shares of the aerospace company’s stock worth $151,000 after acquiring an additional 42 shares during the period. Finally, CenterBook Partners LP bought a new stake in Lockheed Martin in the fourth quarter worth about $3,902,000. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on LMT. Wall Street Zen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Royal Bank Of Canada lowered their price target on shares of Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a research report on Friday, April 24th. Argus boosted their price target on shares of Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Jefferies Financial Group reissued a “hold” rating and issued a $595.00 price target on shares of Lockheed Martin in a research report on Sunday, April 26th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $620.68.

Lockheed Martin Stock Performance

NYSE LMT opened at $519.92 on Tuesday. The company’s 50 day moving average is $553.96 and its 200-day moving average is $561.12. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $692.00. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The firm has a market cap of $119.87 billion, a P/E ratio of 25.18, a price-to-earnings-growth ratio of 0.95 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.79 by ($0.35). The business had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the firm earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Sell-side analysts predict that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be paid a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $13.80 annualized dividend and a yield of 2.7%. Lockheed Martin’s payout ratio is currently 66.83%.

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.