NEOS Investment Management LLC Grows Stock Holdings in Lockheed Martin Corporation $LMT

NEOS Investment Management LLC grew its holdings in Lockheed Martin Corporation (NYSE:LMT) by 11.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,874 shares of the aerospace company’s stock after acquiring an additional 3,268 shares during the period. NEOS Investment Management LLC’s holdings in Lockheed Martin were worth $16,748,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LMT. United Financial Planning Group LLC acquired a new position in shares of Lockheed Martin during the third quarter worth about $25,000. Basso Capital Management L.P. purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at about $25,000. Burnham & Co LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter valued at about $25,000. Triumph Capital Management lifted its position in 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 in the last quarter. Finally, Clarity Asset Management Inc. purchased a new position in Lockheed Martin in the 4th quarter worth approximately $26,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of a number of analyst reports. Robert W. Baird set a $700.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a report on Wednesday. Royal Bank Of Canada lifted their price target on shares of 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 upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. Finally, Morgan Stanley raised their target price on Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $632.39.

Lockheed Martin Trading Down 1.6%

Lockheed Martin stock opened at $524.58 on Friday. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00. The firm’s 50-day moving average is $555.58 and its 200-day moving average is $570.30. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The company has a market cap of $121.07 billion, a P/E ratio of 19.34, a PEG ratio of 1.16 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating 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 company had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same period in the prior year, the company earned $1.46 earnings per share. The business’s revenue 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 expect that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date 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.