Elevation Point Wealth Partners LLC Has $2.26 Million Stock Position in Lockheed Martin Corporation $LMT

Elevation Point Wealth Partners LLC boosted its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 271.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,737 shares of the aerospace company’s stock after purchasing an additional 2,731 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Lockheed Martin were worth $2,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Welch Group LLC boosted its holdings in Lockheed Martin by 1.5% during the fourth quarter. Welch Group LLC now owns 132,684 shares of the aerospace company’s stock worth $64,175,000 after buying an additional 1,999 shares during the last quarter. Jain Global LLC acquired a new position in shares of Lockheed Martin in the third quarter valued at approximately $38,064,000. World Investment Advisors increased its holdings in 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 purchasing an additional 5,214 shares in the last quarter. Clough Capital Partners L P bought a new position in shares of Lockheed Martin during the third quarter worth about $31,018,000. Finally, SG Americas Securities LLC grew its stake 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 worth $167,043,000 after acquiring an additional 14,150 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LMT. JPMorgan Chase & Co. lowered their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Sanford C. Bernstein reissued a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. TD Cowen dropped their price target on Lockheed Martin from $670.00 to $600.00 and set a “hold” rating for the company in a report on Friday, April 24th. Wells Fargo & Company initiated 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. Finally, UBS Group dropped their price objective on Lockheed Martin from $683.00 to $538.00 in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $613.63.

Lockheed Martin Stock Performance

NYSE:LMT opened at $544.75 on Friday. The stock’s 50-day simple moving average is $520.46 and its 200 day simple moving average is $568.63. The firm has a market capitalization of $125.60 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 0.99 and a beta of 0.11. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00.

Lockheed Martin (NYSE:LMT) last released its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The business had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, analysts anticipate that Lockheed Martin Corporation will post 29.88 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 1st were issued a dividend of $3.45 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.5%. Lockheed Martin’s payout ratio is 66.83%.

Key Headlines Impacting Lockheed Martin

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Lockheed Martin is reportedly close to winning the race for Ultra Maritime, a naval defense specialist, in a deal that could value the business at roughly $3.5 billion and may be announced as soon as next week. Lockheed Closes In on $3.5 Billion Ultra Maritime Deal
• Positive Sentiment: Lockheed continues to benefit from major defense contract wins, including a large THAAD interceptor production award and a Sentinel A4 radar contract, which support revenue visibility and underscore strong demand for missile-defense systems. Why Lockheed Martin (LMT) Is Up 6.1% After Massive Missile-Defense Contracts And Index Shift
• Neutral Sentiment: Analysts are looking ahead to Lockheed Martin’s Q2 earnings report on July 23, with expectations calling for a slight decline in earnings, so investors may stay cautious until results are released. What to Expect From Lockheed Martin’s Next Quarterly Earnings Report
• Negative Sentiment: Some commentary remains focused on Lockheed’s recent uneven quarter, with program charges and weaker cash flow still seen as a risk even after the stock’s rebound. General Dynamics Vs. Lockheed Martin: Buy General Dynamics for Deep Marine Backlogs

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.