Resources Management Corp CT ADV Grows Stake in Lockheed Martin Corporation $LMT

Resources Management Corp CT ADV boosted its position in Lockheed Martin Corporation (NYSE:LMT) by 186.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,795 shares of the aerospace company’s stock after purchasing an additional 2,470 shares during the period. Resources Management Corp CT ADV’s holdings in Lockheed Martin were worth $1,836,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Welch Group LLC increased its position in Lockheed Martin by 1.5% during the fourth quarter. Welch Group LLC now owns 132,684 shares of the aerospace company’s stock worth $64,175,000 after buying an additional 1,999 shares in the last quarter. Jain Global LLC purchased a new position in Lockheed Martin during the third quarter worth $38,064,000. Clough Capital Partners L P purchased a new position in Lockheed Martin during the third quarter worth $31,018,000. Secured Retirement Advisors LLC increased its position in Lockheed Martin by 288.6% during the fourth quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company’s stock worth $1,513,000 after buying an additional 2,323 shares in the last quarter. Finally, World Investment Advisors increased its position in Lockheed Martin by 54.7% during the fourth quarter. World Investment Advisors now owns 14,739 shares of the aerospace company’s stock worth $7,129,000 after buying an additional 5,214 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Jefferies Financial Group reissued a “hold” rating and set a $595.00 price target on shares of Lockheed Martin in a research report on Sunday, April 26th. Susquehanna dropped their price target on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research report on Friday, April 24th. BNP Paribas Exane dropped their price target on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $620.68.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $539.94 on Monday. The company has a market cap of $124.49 billion, a P/E ratio of 26.15, a P/E/G ratio of 0.98 and a beta of 0.10. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The business has a fifty day simple moving average of $548.13 and a 200-day simple moving average of $563.19.

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

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be given a $3.45 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. Lockheed Martin’s payout ratio is currently 66.83%.

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.