Jupiter Topco LLC Purchases Shares of 13,071 Lockheed Martin Corporation $LMT

Jupiter Topco LLC purchased a new position in Lockheed Martin Corporation (NYSE:LMT) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 13,071 shares of the aerospace company’s stock, valued at approximately $6,654,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Lockheed Martin in the second quarter worth about $9,617,574,000. Charles Schwab Investment Management Inc. boosted its stake in Lockheed Martin by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock valued at $4,178,399,000 after buying an additional 114,900 shares during the last quarter. Morgan Stanley boosted its stake in Lockheed Martin by 10.1% during the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after buying an additional 527,523 shares during the last quarter. Franklin Resources Inc. grew its holdings in Lockheed Martin by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock valued at $807,866,000 after buying an additional 10,349 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in Lockheed Martin by 7.4% during the 4th quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company’s stock valued at $696,891,000 after buying an additional 99,403 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on LMT shares. Robert W. Baird set a $700.00 price objective on Lockheed Martin in a research note on Friday, July 24th. Wells Fargo & Company set a $600.00 target price on shares of Lockheed Martin in a report on Monday, July 27th. JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Wall Street Zen upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Royal Bank Of Canada lifted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $632.39.

Lockheed Martin Price Performance

NYSE:LMT opened at $563.82 on Monday. The firm has a market capitalization of $130.12 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 0.97 and a beta of 0.10. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The business has a 50 day simple moving average of $551.70 and a 200-day simple moving average of $573.30. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00.

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. 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 the consensus estimate of $19.34 billion. During the same quarter in the previous year, the company posted $1.46 EPS. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities analysts forecast that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

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

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.