Investor s Fiduciary Advisor Network LLC Makes New Investment in Lockheed Martin Corporation $LMT

Investor s Fiduciary Advisor Network LLC bought a new stake in Lockheed Martin Corporation (NYSE:LMT) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 1,771 shares of the aerospace company’s stock, valued at approximately $902,000.

A number of other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Lockheed Martin in the 2nd quarter worth about $9,617,574,000. Bank of New York Mellon Corp purchased a new stake in Lockheed Martin during the second quarter valued at about $645,258,000. Diamant Asset Management Inc. lifted its holdings in Lockheed Martin by 60,339.0% during the first quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock valued at $531,493,000 after purchasing an additional 877,932 shares during the last quarter. AQR Capital Management LLC boosted its position in Lockheed Martin by 107.3% during the fourth 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 period. Finally, Deutsche Bank AG bought a new position in Lockheed Martin during the second quarter worth about $274,558,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.2%

Shares of NYSE LMT opened at $564.61 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. The company has a market cap of $130.31 billion, a P/E ratio of 20.81, a P/E/G ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00. The business has a 50-day simple moving average of $547.80 and a two-hundred day simple moving average of $575.31.

Lockheed Martin (NYSE:LMT) last announced its quarterly 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. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. During the same period in the prior year, the business posted $1.46 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Research analysts anticipate that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

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 paid a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a yield of 2.4%. Lockheed Martin’s payout ratio is currently 50.87%.

Wall Street Analyst Weigh In

LMT has been the subject of several recent research reports. TD Cowen reduced their target price on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Robert W. Baird set a $700.00 price objective on shares of Lockheed Martin in a report on Friday, July 24th. Citigroup lifted their price objective on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Lockheed Martin in a 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 given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $632.39.

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.