Empowered Funds LLC Sells 1,628 Shares of Lockheed Martin Corporation $LMT

Empowered Funds LLC lowered its stake in Lockheed Martin Corporation (NYSE:LMT) by 2.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 56,319 shares of the aerospace company’s stock after selling 1,628 shares during the quarter. Empowered Funds LLC’s holdings in Lockheed Martin were worth $28,692,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Lockheed Martin in the 2nd quarter valued at approximately $9,617,574,000. Corient Private Wealth LP bought a new stake in Lockheed Martin during the second quarter worth approximately $101,960,000. Bank of New York Mellon Corp acquired a new position in Lockheed Martin during the second quarter valued at approximately $645,258,000. Legal & General Group Plc acquired a new position in Lockheed Martin during the second quarter valued at approximately $497,469,000. Finally, Diamant Asset Management Inc. raised its position in shares of Lockheed Martin by 60,339.0% in the first quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock valued at $531,493,000 after purchasing an additional 877,932 shares during the period. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Wells Fargo & Company set a $600.00 target price on shares of Lockheed Martin in a research report on Monday, July 27th. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a report on Friday, May 29th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a research report on Sunday, July 26th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $632.39.

Lockheed Martin Price Performance

NYSE:LMT opened at $565.81 on Friday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. Lockheed Martin Corporation has a one year low of $437.25 and a one year high of $692.00. The company has a fifty day moving average price of $550.67 and a 200 day moving average price of $573.82. The stock has a market cap of $130.58 billion, a P/E ratio of 20.86, a PEG ratio of 0.97 and a beta of 0.10.

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. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same period last year, the business posted $1.46 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Analysts anticipate that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s payout ratio is currently 50.87%.

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.