MassMutual Private Wealth & Trust FSB Acquires 1,375 Shares of Lockheed Martin Corporation $LMT

MassMutual Private Wealth & Trust FSB lifted its holdings in Lockheed Martin Corporation (NYSE:LMT) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,248 shares of the aerospace company’s stock after purchasing an additional 1,375 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Lockheed Martin were worth $10,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. IAG Wealth Partners LLC raised its stake in Lockheed Martin by 4,800.0% during the 1st quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock valued at $30,000 after buying an additional 48 shares during the last quarter. United Financial Planning Group LLC purchased a new stake in Lockheed Martin during the third quarter valued at $25,000. Basso Capital Management L.P. bought a new position in Lockheed Martin in the fourth quarter valued at about $25,000. Clarity Asset Management Inc. purchased a new position in Lockheed Martin in the fourth quarter worth about $26,000. Finally, TD Capital Management LLC grew its stake in shares of Lockheed Martin by 450.0% during the 4th quarter. TD Capital Management LLC now owns 55 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 45 shares during the period. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $586.28 on Tuesday. The company has a market capitalization of $135.31 billion, a P/E ratio of 21.61, a P/E/G ratio of 1.00 and a beta of 0.10. Lockheed Martin Corporation has a 1-year low of $419.00 and a 1-year high of $692.00. The firm’s 50 day simple moving average is $529.97 and its two-hundred day simple moving average is $575.66. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. The business had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Research analysts expect that Lockheed Martin Corporation will post 30.31 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be issued 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 of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is 50.87%.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of research reports. Sanford C. Bernstein reissued a “market perform” rating on shares of Lockheed Martin in a report on Friday, May 29th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a report on Sunday, July 26th. Wall Street Zen upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Saturday, July 25th. BNP Paribas Exane decreased their price target on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Finally, TD Cowen dropped their price target on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $626.33.

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.