Van ECK Associates Corp Sells 511,358 Shares of Lockheed Martin Corporation $LMT

Van ECK Associates Corp lowered its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 93.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,574 shares of the aerospace company’s stock after selling 511,358 shares during the period. Van ECK Associates Corp’s holdings in Lockheed Martin were worth $18,124,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. IAG Wealth Partners LLC lifted its holdings in Lockheed Martin by 4,800.0% during the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 48 shares in the last quarter. United Financial Planning Group LLC purchased a new stake in shares of Lockheed Martin in the third quarter worth $25,000. Burnham & Co LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter valued at $25,000. Basso Capital Management L.P. bought a new stake in shares of Lockheed Martin during the 4th quarter valued at $25,000. Finally, Field & Main Bank purchased a new position in shares of Lockheed Martin during the 2nd quarter valued at $26,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $563.82 on Monday. The stock has a market cap of $130.12 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10. 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 Corporation has a 1 year low of $437.25 and a 1 year high of $692.00. The firm has a 50-day moving average of $551.70 and a two-hundred day moving average of $573.30.

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

Lockheed Martin Announces Dividend

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 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is currently 50.87%.

Wall Street Analysts Forecast Growth

LMT has been the subject of several recent analyst reports. Morgan Stanley upped their target price on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a report on Sunday, July 26th. Royal Bank Of Canada upped their price objective on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. Wall Street Zen raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $632.39.

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.