Lockheed Martin Corporation (NYSE:LMT) Plans Quarterly Dividend of $3.45

Lockheed Martin Corporation (NYSE:LMT) declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Tuesday, September 1st will be given a dividend of 3.45 per share by the aerospace company on Friday, September 25th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 1st.

Lockheed Martin has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 22 consecutive years. Lockheed Martin has a payout ratio of 46.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Lockheed Martin to earn $32.35 per share next year, which means the company should continue to be able to cover its $13.80 annual dividend with an expected future payout ratio of 42.7%.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $514.50 on Thursday. The stock’s fifty day simple moving average is $521.47 and its 200 day simple moving average is $572.63. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. Lockheed Martin has a 12 month low of $411.00 and a 12 month high of $692.00. The company has a market capitalization of $118.62 billion, a PE ratio of 24.92, a PEG ratio of 0.91 and a beta of 0.11.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping analysts’ consensus estimates of $7.19 by $0.75. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, research analysts predict that Lockheed Martin will post 29.92 EPS for the current year.

Hedge Funds Weigh In On Lockheed Martin

A number of large investors have recently bought and sold shares of LMT. Brighton Jones LLC raised its stake in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after buying an additional 191 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Lockheed Martin by 5.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after purchasing an additional 50 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in shares of Lockheed Martin by 17.3% in the second quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock worth $676,000 after buying an additional 215 shares during the period. Gamco Investors INC. ET AL boosted its position in shares of Lockheed Martin by 36.0% in the second quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock worth $1,042,000 after purchasing an additional 595 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Lockheed Martin by 18.2% in the second quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company’s stock worth $40,092,000 after purchasing an additional 13,300 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

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.