Macquarie Group Ltd. Has $54.91 Million Stock Holdings in Lockheed Martin Corporation $LMT

Macquarie Group Ltd. lifted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.8% during the fourth quarter, Holdings Channel reports. The firm owned 113,528 shares of the aerospace company’s stock after purchasing an additional 1,996 shares during the quarter. Macquarie Group Ltd.’s holdings in Lockheed Martin were worth $54,910,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. United Financial Planning Group LLC acquired a new stake in shares of Lockheed Martin during the third quarter worth $25,000. Triumph Capital Management raised its position in shares of Lockheed Martin by 66.7% during the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 22 shares during the period. Tucker Asset Management LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $32,000. Beacon Financial Strategies CORP acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $34,000. Finally, Wexford Capital LP acquired a new stake in shares of Lockheed Martin during the third quarter worth $36,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 1.6%

NYSE:LMT opened at $539.94 on Friday. The firm has a market capitalization of $124.49 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 0.99 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. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The business’s fifty day moving average price is $548.13 and its 200 day moving average price is $562.41.

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

Lockheed Martin Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LMT shares. Weiss Ratings lowered Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Susquehanna dropped their price target on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a research report on Friday, April 24th. TD Cowen dropped their price target on Lockheed Martin from $670.00 to $600.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Finally, BNP Paribas Exane dropped their price target on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.