Violich Capital Management Inc. Invests $1.46 Million in Lockheed Martin Corporation $LMT

Violich Capital Management Inc. purchased a new position in Lockheed Martin Corporation (NYSE:LMT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,010 shares of the aerospace company’s stock, valued at approximately $1,456,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in shares of Lockheed Martin by 11.2% in the 4th quarter. International Assets Investment Management LLC now owns 2,358 shares of the aerospace company’s stock worth $1,141,000 after purchasing an additional 237 shares during the period. Olstein Capital Management L.P. acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $3,966,000. Winch Advisory Services LLC increased its stake in shares of Lockheed Martin by 1.6% in the 4th quarter. Winch Advisory Services LLC now owns 1,571 shares of the aerospace company’s stock valued at $760,000 after acquiring an additional 25 shares in the last quarter. MGO One Seven LLC increased its stake in shares of Lockheed Martin by 5.2% in the 4th quarter. MGO One Seven LLC now owns 6,889 shares of the aerospace company’s stock valued at $3,332,000 after acquiring an additional 341 shares in the last quarter. Finally, Crestwood Advisors Group LLC increased its stake in shares of Lockheed Martin by 4.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 5,110 shares of the aerospace company’s stock valued at $2,472,000 after acquiring an additional 229 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE LMT opened at $512.68 on Friday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $692.00. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. The firm has a market cap of $118.20 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 0.93 and a beta of 0.10. The company has a fifty day moving average price of $608.10 and a 200-day moving average price of $554.07.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate 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 previous year, the company earned $7.28 EPS. The business’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 research analysts predict that Lockheed Martin Corporation will post 29.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on LMT shares. Royal Bank Of Canada lowered their price objective on shares of Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating for the company in a research note on Friday, April 24th. Weiss Ratings lowered shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Robert W. Baird lifted their price objective on shares of Lockheed Martin from $550.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. Sanford C. Bernstein lifted their price objective on shares of Lockheed Martin from $654.00 to $661.00 and gave the company a “market perform” rating in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company started coverage on shares of Lockheed Martin in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Lockheed Martin has an average rating of “Hold” and a consensus target price of $628.63.

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.