Gerald Baker Financial Group LLC Purchases Shares of 1,308 Lockheed Martin Corporation $LMT

Gerald Baker Financial Group LLC purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,308 shares of the aerospace company’s stock, valued at approximately $791,000.

A number of other hedge funds have also recently made changes to their positions in LMT. Diamant Asset Management Inc. grew its holdings in shares of Lockheed Martin by 60,339.0% during the 1st quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock valued at $531,493,000 after purchasing an additional 877,932 shares during the last quarter. AQR Capital Management LLC lifted its stake in Lockheed Martin by 107.3% in the fourth quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock worth $625,784,000 after purchasing an additional 669,604 shares during the last quarter. Morgan Stanley lifted its stake in Lockheed Martin by 10.1% in the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock worth $2,770,729,000 after purchasing an additional 527,523 shares during the last quarter. Corient Private Wealth LLC boosted its position in Lockheed Martin by 203.3% during the fourth quarter. Corient Private Wealth LLC now owns 560,363 shares of the aerospace company’s stock valued at $271,031,000 after buying an additional 375,622 shares during the period. Finally, Canoe Financial LP purchased a new stake in Lockheed Martin during the fourth quarter valued at about $166,403,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Price Performance

LMT stock opened at $513.09 on Friday. The stock has a market capitalization of $118.30 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 0.92 and a beta of 0.11. The firm’s 50-day moving average price is $521.91 and its two-hundred day moving average price is $571.97. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $692.00.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The firm had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, equities analysts predict that Lockheed Martin Corporation will post 29.94 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 1st were issued a $3.45 dividend. The ex-dividend date was Monday, June 1st. This represents a $13.80 annualized dividend and a yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is 66.83%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LMT. BNP Paribas Exane decreased their price objective on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. TD Cowen dropped their target price on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a report on Monday. Weiss Ratings lowered Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. Citigroup raised Lockheed Martin from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $571.00 to $582.00 in a research note on Wednesday, July 1st. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $607.58.

Key Lockheed Martin News

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Lockheed Martin won a $10.5 billion U.S. Special Operations Command contract to provide next-generation logistics and sustainment support, a meaningful backlogged revenue win that could bolster investor confidence. Article Title
• Positive Sentiment: The company said it will expand Lockheed Martin Ventures into the U.K. and Europe, committing at least $100 million to defense-tech startups, which may help strengthen its technology pipeline and international presence. Article Title
• Positive Sentiment: Lockheed Martin also continues to deepen its undersea and submarine market exposure, including a recent U.S. Navy contract and related technology work, which adds to its long-term defense growth story. Article Title
• Neutral Sentiment: With quarterly earnings due next week, analysts are watching whether Lockheed can meet expectations after recent commentary suggested the setup may not favor an easy beat. Article Title
• Neutral Sentiment: Lockheed Martin shares have also been under some pressure recently, reflecting broader investor caution ahead of earnings despite the new contract news. Article Title

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.