NewEdge Wealth LLC Makes New Investment in Lockheed Martin Corporation $LMT

NewEdge Wealth LLC acquired a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the second quarter, Holdings Channel reports. The institutional investor acquired 94,347 shares of the aerospace company’s stock, valued at approximately $48,066,000.

Other hedge funds have also modified their holdings of the company. World Investment Advisors raised its position in shares of Lockheed Martin by 54.7% during the 4th quarter. World Investment Advisors now owns 14,739 shares of the aerospace company’s stock worth $7,129,000 after acquiring an additional 5,214 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Lockheed Martin by 5.4% in the first quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company’s stock valued at $167,043,000 after purchasing an additional 14,150 shares in the last quarter. Secured Retirement Advisors LLC boosted its holdings in Lockheed Martin by 288.6% in the fourth quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company’s stock valued at $1,513,000 after purchasing an additional 2,323 shares in the last quarter. Norris Financial Group LLC purchased a new position in Lockheed Martin in the first quarter valued at approximately $2,321,000. Finally, Legal Advantage Investments Inc. purchased a new position in Lockheed Martin in the first quarter valued at approximately $1,451,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LMT shares. Royal Bank Of Canada boosted their price objective on shares of Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. BNP Paribas Exane dropped their target price 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. TD Cowen dropped their target price on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. JPMorgan Chase & Co. cut their price target on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company set a $600.00 price target on shares of Lockheed Martin in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $632.39.

Lockheed Martin Trading Down 2.9%

NYSE:LMT opened at $589.47 on Thursday. The company has a market capitalization of $136.04 billion, a PE ratio of 21.73, a P/E/G ratio of 1.04 and a beta of 0.10. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00. The stock’s 50 day moving average price is $546.85 and its 200 day moving average price is $576.25. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. The company 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 firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, research analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a $3.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 annualized dividend and a yield of 2.3%. Lockheed Martin’s dividend payout ratio is 50.87%.

Lockheed Martin 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.