Cullinan Associates Inc. Lowers Position in Lockheed Martin Corporation $LMT

Cullinan Associates Inc. decreased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 7.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,616 shares of the aerospace company’s stock after selling 1,358 shares during the quarter. Cullinan Associates Inc.’s holdings in Lockheed Martin were worth $8,465,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LMT. World Investment Advisors boosted its stake in shares of Lockheed Martin by 54.7% during the 4th quarter. World Investment Advisors now owns 14,739 shares of the aerospace company’s stock worth $7,129,000 after acquiring an additional 5,214 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Lockheed Martin by 5.4% during the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company’s stock valued at $167,043,000 after acquiring an additional 14,150 shares during the period. Norris Financial Group LLC purchased a new position in shares of Lockheed Martin in the 1st quarter valued at about $2,321,000. Legal Advantage Investments Inc. purchased a new position in shares of Lockheed Martin in the 1st quarter valued at about $1,451,000. Finally, Versor Investments LP raised its holdings in Lockheed Martin by 220.4% in the 4th quarter. Versor Investments LP now owns 5,997 shares of the aerospace company’s stock worth $2,901,000 after purchasing an additional 4,125 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Trading Down 0.4%

Shares of Lockheed Martin stock opened at $563.82 on Friday. 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 Corporation has a twelve month low of $437.25 and a twelve month high of $692.00. The firm has a market capitalization of $130.12 billion, a PE ratio of 20.78, a P/E/G ratio of 0.97 and a beta of 0.10. The firm’s 50-day moving average price is $551.70 and its 200 day moving average price is $573.75.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The company had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same period in the previous year, the business earned $1.46 EPS. Lockheed Martin’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. On average, sell-side analysts predict that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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 given a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s payout ratio is presently 50.87%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LMT shares. UBS Group reiterated a “neutral” rating and set a $581.00 price target on shares of Lockheed Martin in a research report on Friday, July 24th. TD Cowen reduced their target price on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Wall Street Zen raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Citigroup increased their target price on Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a research note on Sunday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.