917 Shares in Lockheed Martin Corporation $LMT Acquired by J.Safra Asset Management Corp

J.Safra Asset Management Corp acquired a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 917 shares of the aerospace company’s stock, valued at approximately $467,000.

A number of other hedge funds have also recently bought and sold shares of LMT. Brighton Jones LLC grew its position in shares of Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after buying an additional 191 shares during the period. Sivia Capital Partners LLC lifted its holdings in Lockheed Martin by 5.4% in the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock valued at $451,000 after buying an additional 50 shares during the period. Schnieders Capital Management LLC. lifted its holdings in Lockheed Martin by 17.3% in the second quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock valued at $676,000 after buying an additional 215 shares during the period. Gamco Investors INC. ET AL boosted its stake in Lockheed Martin by 36.0% in the second quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock valued at $1,042,000 after acquiring an additional 595 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Lockheed Martin by 18.2% in the second quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company’s stock valued at $40,092,000 after acquiring an additional 13,300 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Down 0.1%

Shares of NYSE LMT opened at $608.21 on Monday. Lockheed Martin Corporation has a 52-week low of $436.46 and a 52-week high of $692.00. 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 stock has a market cap of $140.37 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.04 and a beta of 0.10. The firm has a 50 day moving average price of $542.51 and a 200 day moving average price of $576.42.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping the consensus estimate of $7.22 by $0.72. The company 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 business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a $3.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.3%. Lockheed Martin’s dividend payout ratio is currently 50.87%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. reduced their price target on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. TD Cowen decreased their price objective on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Lockheed Martin in a report on Sunday, July 26th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.