Franklin Resources Inc. Has $807.87 Million Holdings in Lockheed Martin Corporation $LMT

Franklin Resources Inc. grew its position in Lockheed Martin Corporation (NYSE:LMT) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,670,284 shares of the aerospace company’s stock after acquiring an additional 10,349 shares during the quarter. Franklin Resources Inc.’s holdings in Lockheed Martin were worth $807,866,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of LMT. United Financial Planning Group LLC acquired a new position in Lockheed Martin in the 3rd quarter worth about $25,000. Tucker Asset Management LLC acquired a new position in Lockheed Martin in the 4th quarter worth about $32,000. Beacon Financial Strategies CORP acquired a new position in Lockheed Martin in the 4th quarter worth about $34,000. Wexford Capital LP acquired a new position in Lockheed Martin in the 3rd quarter worth about $36,000. Finally, Torren Management LLC acquired a new position in Lockheed Martin in the 4th quarter worth about $38,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of LMT stock opened at $524.13 on Monday. The stock has a 50 day moving average of $556.10 and a two-hundred day moving average of $560.80. 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 Corporation has a 12 month low of $410.11 and a 12 month high of $692.00. The company has a market capitalization of $120.85 billion, a P/E ratio of 25.38, a P/E/G ratio of 0.95 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data 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 return on equity of 101.64% and a net margin of 6.38%.The firm had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. During the same quarter in the prior year, the business posted $7.28 EPS. Lockheed Martin’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. As a group, equities analysts expect that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced 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 dividend yield of 2.6%. The ex-dividend date is Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) is 66.83%.

Analysts Set New Price Targets

LMT has been the topic of a number of analyst reports. Wells Fargo & Company initiated coverage on Lockheed Martin in a report on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 price objective on the stock. Bank of America lowered their price objective on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Royal Bank Of Canada lowered their price objective on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a report on Friday, April 24th. Finally, TD Cowen lowered their price objective on Lockheed Martin from $670.00 to $600.00 and set a “hold” rating on the stock in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average 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.