Keebeck Wealth Management Purchases Shares of 1,154 Lockheed Martin Corporation $LMT

Keebeck Wealth Management purchased a new position in Lockheed Martin Corporation (NYSE:LMT) in the second quarter, HoldingsChannel reports. The firm purchased 1,154 shares of the aerospace company’s stock, valued at approximately $588,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Capital Inc. bought a new stake in shares of Lockheed Martin during the 2nd quarter valued at $316,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Lockheed Martin during the 2nd quarter valued at $415,000. Patron Partners LLC bought a new position in Lockheed Martin in the 2nd quarter worth $1,384,000. OneAscent Financial Services LLC bought a new position in Lockheed Martin in the 2nd quarter worth $750,000. Finally, Allworth Financial LP purchased a new stake in Lockheed Martin in the 2nd quarter worth $14,752,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LMT has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a report on Sunday, July 26th. JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Morgan Stanley lifted their target price on Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Finally, TD Cowen lowered their price target on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $632.39.

Lockheed Martin Stock Performance

LMT opened at $564.61 on Friday. 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 capitalization of $130.31 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 0.98 and a beta of 0.10. The company has a fifty day moving average of $547.80 and a 200 day moving average of $575.73. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00.

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

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s payout ratio is 50.87%.

About Lockheed Martin

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.