1,151 Shares in Lockheed Martin Corporation $LMT Acquired by Focused Alpha LLC

Focused Alpha LLC acquired a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,151 shares of the aerospace company’s stock, valued at approximately $586,000.

Several other large investors have also recently bought and sold shares of the company. B & T Capital Management DBA Alpha Capital Management acquired a new stake in Lockheed Martin in the second quarter worth $5,327,000. MidFirst Bank acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at $299,000. BlackRock Inc. bought a new stake in shares of Lockheed Martin in the 2nd quarter valued at $9,617,574,000. Occidental Asset Management LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter valued at $397,000. Finally, Dunhill Financial LLC acquired a new stake in Lockheed Martin during the 2nd quarter worth $325,000. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on LMT shares. Royal Bank Of Canada lifted their target price on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Bank of America dropped their price target on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Wall Street Zen cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, JPMorgan Chase & Co. decreased 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 research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $632.39.

Lockheed Martin Trading Down 2.4%

LMT opened at $594.26 on Tuesday. The stock has a market capitalization of $137.15 billion, a P/E ratio of 21.90, a P/E/G ratio of 1.04 and a beta of 0.10. Lockheed Martin Corporation has a 12 month low of $437.25 and a 12 month high of $692.00. The firm’s fifty day simple moving average is $544.00 and its 200 day simple 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 released its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. The firm had revenue of $20.06 billion during 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 company’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, research analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be given a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is currently 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.