8,080 Shares in Lockheed Martin Corporation $LMT Acquired by Patrick Mauro Investment Advisor INC.

Patrick Mauro Investment Advisor INC. acquired a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,080 shares of the aerospace company’s stock, valued at approximately $4,116,000. Lockheed Martin accounts for 2.1% of Patrick Mauro Investment Advisor INC.’s portfolio, making the stock its 17th biggest position.

A number of other hedge funds have also made changes to their positions in the company. Dala Group LLC acquired a new stake in shares of Lockheed Martin during the second quarter worth approximately $218,000. Catalyst Investment Management LLC acquired a new stake in Lockheed Martin during the 2nd quarter valued at $259,000. Chancellor Financial Group WB LP bought a new position in Lockheed Martin in the 2nd quarter valued at $205,000. Great Lakes Advisors LLC acquired a new position in Lockheed Martin in the second quarter worth $9,292,000. Finally, Compass Wealth Management LLC acquired a new position in Lockheed Martin in the second quarter worth $311,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT opened at $589.47 on Thursday. The stock has a market cap of $136.04 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 1.04 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 stock’s 50-day moving average price is $546.85 and its two-hundred day moving average price is $576.25. 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 data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping the consensus estimate of $7.22 by $0.72. The company had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.Lockheed Martin’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.3%. Lockheed Martin’s dividend payout ratio is currently 50.87%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LMT shares. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a research note on Sunday, July 26th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research note on Friday, April 24th. Bank of America lowered their target price on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. JPMorgan Chase & Co. dropped their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Finally, Citigroup raised their target price on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $632.39.

Lockheed Martin 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.