Northwestern Mutual Wealth Management Co. Has $22.79 Million Holdings in Lockheed Martin Corporation $LMT

Northwestern Mutual Wealth Management Co. lessened its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,726 shares of the aerospace company’s stock after selling 987 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Lockheed Martin were worth $22,786,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in LMT. Basso Capital Management L.P. bought a new stake in Lockheed Martin during the fourth quarter worth approximately $25,000. Burnham & Co LLC bought a new position in shares of Lockheed Martin in the second quarter valued at approximately $25,000. United Financial Planning Group LLC acquired a new stake in shares of Lockheed Martin in the third quarter worth $25,000. Clarity Asset Management Inc. acquired a new stake in shares of Lockheed Martin in the fourth quarter worth $26,000. Finally, Field & Main Bank bought a new stake in shares of Lockheed Martin during the 2nd quarter worth $26,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 3.2%

Shares of LMT stock opened at $543.44 on Wednesday. The firm has a market capitalization of $125.42 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 0.96 and a beta of 0.10. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00. The firm’s fifty day simple moving average is $553.85 and its 200 day simple moving average is $572.22. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.22 by $0.72. The company had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the business posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 50.87%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LMT. Royal Bank Of Canada raised their target price on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. Wall Street Zen raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a report on Sunday, July 26th. Robert W. Baird set a $700.00 price target on Lockheed Martin in a research report on Friday, July 24th. Finally, TD Cowen dropped their price objective on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $632.39.

Lockheed Martin Company Profile

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.