3,719 Shares in Lockheed Martin Corporation $LMT Purchased by Chase Investment Counsel Corp

Chase Investment Counsel Corp bought a new stake in Lockheed Martin Corporation (NYSE:LMT) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,719 shares of the aerospace company’s stock, valued at approximately $1,894,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. World Investment Advisors boosted its holdings in Lockheed Martin by 54.7% in the fourth quarter. World Investment Advisors now owns 14,739 shares of the aerospace company’s stock valued at $7,129,000 after purchasing an additional 5,214 shares during the last quarter. SG Americas Securities LLC raised 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 valued at $167,043,000 after buying an additional 14,150 shares during the last quarter. Secured Retirement Advisors LLC raised its stake in shares of Lockheed Martin by 288.6% during the 4th quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company’s stock valued at $1,513,000 after buying an additional 2,323 shares during the last quarter. Norris Financial Group LLC acquired a new position in shares of Lockheed Martin in the 1st quarter valued at about $2,321,000. Finally, Legal Advantage Investments Inc. acquired a new position in shares of Lockheed Martin in the 1st quarter valued at about $1,451,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of recent research reports. UBS Group restated a “neutral” rating and issued a $581.00 target price on shares of Lockheed Martin in a research note on Friday, July 24th. Royal Bank Of Canada boosted their price target on Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a research report on Sunday, July 26th. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $632.39.

Lockheed Martin Stock Down 0.1%

Shares of LMT opened at $608.21 on Monday. The firm has a market cap of $140.37 billion, a P/E ratio of 22.42, a PEG ratio of 1.04 and a beta of 0.10. Lockheed Martin Corporation has a 12 month low of $436.46 and a 12 month high of $692.00. The stock’s 50 day moving average is $542.51 and its two-hundred day moving average is $576.42. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The business had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the prior year, the company posted $1.46 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

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 yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 50.87%.

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.