Lockheed Martin Corporation $LMT Shares Purchased by Heartland Bank & Trust Co

Heartland Bank & Trust Co increased its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 112.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,962 shares of the aerospace company’s stock after acquiring an additional 2,096 shares during the quarter. Heartland Bank & Trust Co’s holdings in Lockheed Martin were worth $2,395,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LMT. Cerro Pacific Wealth Advisors LLC increased its stake in shares of Lockheed Martin by 1.2% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock worth $665,000 after acquiring an additional 16 shares during the last quarter. Garner Asset Management Corp boosted its position in shares of Lockheed Martin by 0.9% during the 4th quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock valued at $839,000 after acquiring an additional 16 shares during the last quarter. Davis R M Inc. grew its holdings in shares of Lockheed Martin by 1.3% in the fourth quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock valued at $612,000 after purchasing an additional 16 shares during the period. Broadway Wealth Solutions Inc. grew its holdings in shares of Lockheed Martin by 3.6% in the fourth quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock valued at $234,000 after purchasing an additional 17 shares during the period. Finally, Aspire Growth Partners LLC increased its position in Lockheed Martin by 0.7% during the fourth quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock worth $1,217,000 after purchasing an additional 17 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LMT. Sanford C. Bernstein reissued a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Susquehanna lowered their price objective on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research report on Friday, April 24th. Wells Fargo & Company set a $575.00 target price on Lockheed Martin in a research report on Wednesday, July 8th. TD Cowen decreased their price target on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. Finally, JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and a consensus target price of $607.58.

Key Headlines Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed Martin won a major U.S. Special Operations Command logistics and sustainment contract, adding to its defense backlog and improving revenue visibility. Lockheed Martin to Provide Next-Generation Logistics and Sustainment Support for U.S. Special Operations Command Under New Contract
• Positive Sentiment: The company is expanding missile production under new U.S. agreements, benefiting from rising demand for air and missile defense systems. Can Lockheed Martin’s Missile Defense Business Power Long-Term Growth?
• Positive Sentiment: Lockheed Martin Ventures is opening a London office and earmarking at least $100 million for investments in U.K. and European defense technologies, which could strengthen its long-term innovation pipeline. Lockheed Martin Earmarks $100 Million for Venture Capital Investments in U.K., Europe

Lockheed Martin Stock Performance

NYSE:LMT opened at $508.93 on Friday. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $692.00. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. The company has a 50 day moving average price of $521.95 and a 200 day moving average price of $571.52. The stock has a market capitalization of $117.34 billion, a P/E ratio of 24.65, a PEG ratio of 0.92 and a beta of 0.11.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The firm had revenue of $18.02 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business earned $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities research analysts forecast that Lockheed Martin Corporation will post 29.94 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 1st were given a $3.45 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. Lockheed Martin’s dividend payout ratio is currently 66.83%.

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.