Lockheed Martin Corporation $LMT Shares Purchased by Mariner LLC

Mariner LLC raised its stake in Lockheed Martin Corporation (NYSE:LMT) by 26.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 148,533 shares of the aerospace company’s stock after buying an additional 31,461 shares during the quarter. Mariner LLC owned approximately 0.06% of Lockheed Martin worth $71,860,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. United Financial Planning Group LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at $25,000. Clarity Asset Management Inc. purchased a new stake in Lockheed Martin in the 4th quarter valued at $26,000. Triumph Capital Management grew its holdings in Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after buying an additional 22 shares in the last quarter. Bard Associates Inc. purchased a new stake in Lockheed Martin in the 4th quarter valued at $27,000. Finally, Tucker Asset Management LLC purchased a new stake in Lockheed Martin in the 4th quarter valued at $32,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Argus upped their target price on Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a report on Friday, March 6th. Weiss Ratings cut Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Royal Bank Of Canada lowered their price target on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating for the company in a report on Friday, April 24th. Morgan Stanley lowered their price target on Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Finally, BNP Paribas Exane lowered their price target on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $620.68.

Lockheed Martin Stock Performance

NYSE LMT opened at $529.54 on Tuesday. The stock has a fifty day simple moving average of $546.26 and a 200-day simple moving average of $563.73. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00. The stock has a market cap of $122.09 billion, a PE ratio of 25.64, a P/E/G ratio of 0.98 and a beta of 0.10. 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 (NYSE:LMT) last announced its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. During the same quarter last year, the business earned $7.28 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities analysts anticipate that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be issued a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) is 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.