Tocqueville Asset Management L.P. Acquires Shares of 1,306 Lockheed Martin Corporation $LMT

Tocqueville Asset Management L.P. bought a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,306 shares of the aerospace company’s stock, valued at approximately $665,000.

Several other large investors also recently modified their holdings of LMT. Basso Capital Management L.P. acquired a new stake in Lockheed Martin during the fourth quarter worth about $25,000. United Financial Planning Group LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at approximately $25,000. Clarity Asset Management Inc. bought a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $26,000. Triumph Capital Management lifted its holdings in shares of Lockheed Martin by 66.7% during the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 22 shares during the period. Finally, Bard Associates Inc. acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $27,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LMT has been the subject of several research analyst reports. Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft decreased their price target on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research note on Friday, April 24th. Morgan Stanley boosted their price target on Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. TD Cowen dropped their price objective on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Finally, Citigroup raised their price objective on Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $632.39.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $564.61 on Friday. The company’s 50 day moving average price is $547.80 and its two-hundred day moving average price is $575.73. The firm has a market capitalization of $130.31 billion, a P/E ratio of 20.81, a P/E/G ratio of 0.98 and a beta of 0.10. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00. 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 announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company 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 business earned $1.46 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities analysts forecast that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is presently 50.87%.

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.