Hilton Head Capital Partners LLC Purchases New Shares in Lockheed Martin Corporation $LMT

Hilton Head Capital Partners LLC purchased a new stake in Lockheed Martin Corporation (NYSE:LMT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,033 shares of the aerospace company’s stock, valued at approximately $983,000.

Several other large investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in Lockheed Martin by 3.4% in the third quarter. Wellington Management Group LLP now owns 2,384,753 shares of the aerospace company’s stock valued at $1,190,493,000 after acquiring an additional 79,491 shares in the last quarter. Invesco Ltd. boosted its holdings in Lockheed Martin by 4.2% in the third quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock valued at $1,096,294,000 after acquiring an additional 87,663 shares in the last quarter. Legal & General Group Plc boosted its holdings in Lockheed Martin by 6.6% in the third quarter. Legal & General Group Plc now owns 1,022,940 shares of the aerospace company’s stock valued at $510,662,000 after acquiring an additional 63,430 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Lockheed Martin by 41.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 808,409 shares of the aerospace company’s stock valued at $403,534,000 after acquiring an additional 236,137 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Lockheed Martin by 16.6% in the second quarter. Ameriprise Financial Inc. now owns 761,382 shares of the aerospace company’s stock valued at $347,381,000 after acquiring an additional 108,553 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT opened at $524.13 on Monday. The stock has a 50-day moving average price of $556.10 and a 200-day moving average price of $560.80. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. The firm has a market cap of $120.85 billion, a PE ratio of 25.38, a P/E/G ratio of 0.95 and a beta of 0.10. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $692.00.

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 company had revenue of $18.02 billion during 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%.Lockheed Martin’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior 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 fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be given a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin’s payout ratio is currently 66.83%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. TD Cowen lowered their price objective on Lockheed Martin from $670.00 to $600.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Argus raised their price objective on Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Jefferies Financial Group reissued a “hold” rating and set a $595.00 price objective on shares of Lockheed Martin in a research report on Sunday, April 26th. Finally, DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. One 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 MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and an average target price of $620.68.

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.