Lockheed Martin Corporation $LMT Shares Purchased by AlphaCore Capital LLC

AlphaCore Capital LLC raised its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 140.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,557 shares of the aerospace company’s stock after purchasing an additional 2,661 shares during the quarter. AlphaCore Capital LLC’s holdings in Lockheed Martin were worth $2,204,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. United Financial Planning Group LLC acquired a new stake in Lockheed Martin during the 3rd quarter valued at approximately $25,000. Grey Fox Wealth Advisors LLC acquired a new stake in Lockheed Martin during the 3rd quarter valued at approximately $27,000. Beacon Financial Strategies CORP acquired a new stake in Lockheed Martin during the 4th quarter valued at approximately $34,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Lockheed Martin during the 3rd quarter valued at approximately $35,000. Finally, Wexford Capital LP acquired a new stake in Lockheed Martin during the 3rd quarter valued at approximately $36,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.8%

Shares of NYSE LMT opened at $516.25 on Friday. The company has a market cap of $119.03 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 0.93 and a beta of 0.10. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $692.00. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The stock’s 50 day simple moving average is $590.88 and its 200 day simple moving average is $554.68.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.79 by ($0.35). The company had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the business posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities research analysts expect that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be paid a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $13.80 annualized dividend and a yield of 2.7%. Lockheed Martin’s payout ratio is presently 66.83%.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of recent analyst reports. Wells Fargo & Company assumed coverage on Lockheed Martin in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 price objective for the company. Morgan Stanley reduced their target price on Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. BNP Paribas Exane reduced their target price on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. Jefferies Financial Group reaffirmed a “hold” rating and set a $595.00 target price on shares of Lockheed Martin in a report on Sunday, April 26th. Finally, Bank of America reduced their target price on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $628.63.

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.