Jefferies Financial Group Inc. Purchases 30,774 Shares of Lockheed Martin Corporation $LMT

Jefferies Financial Group Inc. grew its position in Lockheed Martin Corporation (NYSE:LMT) by 57.5% in the second quarter, HoldingsChannel.com reports. The firm owned 84,294 shares of the aerospace company’s stock after acquiring an additional 30,774 shares during the period. Jefferies Financial Group Inc.’s holdings in Lockheed Martin were worth $42,944,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. United Financial Planning Group LLC bought a new position in shares of Lockheed Martin in the third quarter worth about $25,000. Basso Capital Management L.P. purchased a new position in Lockheed Martin in the 4th quarter worth approximately $25,000. Burnham & Co LLC purchased a new position in Lockheed Martin in the 2nd quarter worth approximately $25,000. Triumph Capital Management boosted its stake in Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 22 shares during the period. Finally, Clarity Asset Management Inc. bought a new position in Lockheed Martin in the 4th quarter worth approximately $26,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $565.81 on Friday. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00. 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 firm’s fifty day moving average is $550.67 and its 200 day moving average is $573.82. The company has a market cap of $130.58 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 0.97 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last released 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. The company had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.Lockheed Martin’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Sell-side analysts forecast that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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 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 2.4%. Lockheed Martin’s dividend payout ratio is currently 50.87%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Jefferies Financial Group reiterated a “hold” rating on shares of Lockheed Martin in a report on Sunday, July 26th. Royal Bank Of Canada boosted their price target on shares of Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. Finally, Wells Fargo & Company set a $600.00 price objective on shares of Lockheed Martin in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and a consensus 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.