Waddell & Associates LLC Has $823,000 Stock Holdings in Lockheed Martin Corporation $LMT

Waddell & Associates LLC grew its position in Lockheed Martin Corporation (NYSE:LMT) by 152.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,701 shares of the aerospace company’s stock after buying an additional 1,028 shares during the period. Waddell & Associates LLC’s holdings in Lockheed Martin were worth $823,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. United Financial Planning Group LLC acquired a new stake in Lockheed Martin during the 3rd quarter worth $25,000. Tucker Asset Management LLC acquired a new position in Lockheed Martin in the fourth quarter valued at about $32,000. Beacon Financial Strategies CORP bought a new stake in shares of Lockheed Martin in the fourth quarter worth about $34,000. Wexford Capital LP bought a new stake in shares of Lockheed Martin in the third quarter worth about $36,000. Finally, Torren Management LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter worth about $38,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LMT shares. Bank of America cut their price objective on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Citigroup dropped their target price on shares of Lockheed Martin from $675.00 to $571.00 and set a “neutral” rating on the stock in a report on Monday, May 18th. Royal Bank Of Canada cut their price target on shares of Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a research note on Friday, April 24th. Argus upped their price target on shares of Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a report on Friday, March 6th. Finally, Wells Fargo & Company assumed coverage on shares of Lockheed Martin in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $620.68.

Lockheed Martin Stock Performance

Shares of LMT opened at $519.92 on Tuesday. The stock has a market capitalization of $119.87 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 0.95 and a beta of 0.10. The firm has a fifty day simple moving average of $553.96 and a 200 day simple moving average of $561.12. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $692.00.

Lockheed Martin (NYSE:LMT) last released its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The company had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. During the same period in the prior year, the firm posted $7.28 EPS. Lockheed Martin’s revenue was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Research analysts forecast that Lockheed Martin Corporation will post 29.88 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be paid a dividend of $3.45 per share. The ex-dividend date is Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. Lockheed Martin’s dividend payout ratio is currently 66.83%.

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.