NewEdge Wealth LLC Takes Position in Lockheed Martin Corporation $LMT

NewEdge Wealth LLC acquired a new stake in Lockheed Martin Corporation (NYSE:LMT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 94,347 shares of the aerospace company’s stock, valued at approximately $48,066,000.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Lockheed Martin in the second quarter valued at $9,617,574,000. Bank of New York Mellon Corp purchased a new position in shares of Lockheed Martin during the 2nd quarter worth $645,258,000. Diamant Asset Management Inc. grew its holdings in shares of Lockheed Martin by 60,339.0% during the 1st quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock worth $531,493,000 after purchasing an additional 877,932 shares during the period. AQR Capital Management LLC increased its position in shares of Lockheed Martin by 107.3% during the 4th quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock worth $625,784,000 after purchasing an additional 669,604 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth about $274,558,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of recent analyst reports. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. UBS Group reiterated a “neutral” rating and set a $581.00 price target on shares of Lockheed Martin in a research report on Friday, July 24th. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a research note on Sunday, July 26th. TD Cowen decreased their price objective on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Finally, Sanford C. Bernstein reaffirmed 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, eight have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $632.39.

Lockheed Martin Price Performance

LMT opened at $589.47 on Thursday. The stock’s 50-day moving average price is $546.85 and its 200 day moving average price is $576.25. Lockheed Martin Corporation has a 12-month low of $437.25 and a 12-month high of $692.00. The firm has a market cap of $136.04 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.04 and a beta of 0.10. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT) last released its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating the consensus estimate of $7.22 by $0.72. The company had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.Lockheed Martin’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, sell-side analysts expect that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be paid a $3.45 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. Lockheed Martin’s dividend payout ratio (DPR) is presently 50.87%.

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.