MML Investors Services LLC Purchases 11,230 Shares of Lockheed Martin Corporation $LMT

MML Investors Services LLC increased its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 11.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 110,921 shares of the aerospace company’s stock after buying an additional 11,230 shares during the period. MML Investors Services LLC’s holdings in Lockheed Martin were worth $53,649,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mariner LLC boosted its holdings in shares of Lockheed Martin by 26.9% during the 4th quarter. Mariner LLC now owns 148,533 shares of the aerospace company’s stock worth $71,860,000 after buying an additional 31,461 shares during the period. Nicolet Advisory Services LLC boosted its holdings in shares of Lockheed Martin by 1.7% during the 4th quarter. Nicolet Advisory Services LLC now owns 1,408 shares of the aerospace company’s stock worth $681,000 after buying an additional 23 shares during the period. Focus Partners Wealth boosted its holdings in shares of Lockheed Martin by 74.4% during the 4th quarter. Focus Partners Wealth now owns 230,892 shares of the aerospace company’s stock worth $112,364,000 after buying an additional 98,502 shares during the period. Fortitude Advisory Group L.L.C. boosted its holdings in shares of Lockheed Martin by 6.6% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 773 shares of the aerospace company’s stock worth $374,000 after buying an additional 48 shares during the period. Finally, Intrepid Capital Management Inc. boosted its holdings in shares of Lockheed Martin by 3.4% during the 4th quarter. Intrepid Capital Management Inc. now owns 3,285 shares of the aerospace company’s stock worth $1,589,000 after buying an additional 107 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $529.54 on Tuesday. The company has a 50 day moving average of $546.26 and a 200-day moving average of $563.73. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $692.00. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The company has a market cap of $122.09 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 0.98 and a beta of 0.10.

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

Lockheed Martin Announces Dividend

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

Wall Street Analyst Weigh In

LMT has been the subject of several research analyst reports. Bank of America reduced their target price on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Jefferies Financial Group reaffirmed a “hold” rating and set a $595.00 target price on shares of Lockheed Martin in a report on Sunday, April 26th. Wells Fargo & Company initiated coverage on shares of Lockheed Martin in a report on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 target price for the company. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a report on Friday, April 24th. Finally, Weiss Ratings downgraded shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $620.68.

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.