Focus Partners Wealth Purchases 98,502 Shares of Lockheed Martin Corporation $LMT

Focus Partners Wealth raised its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 74.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 230,892 shares of the aerospace company’s stock after acquiring an additional 98,502 shares during the period. Focus Partners Wealth’s holdings in Lockheed Martin were worth $112,364,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Welch Group LLC grew its holdings in shares of Lockheed Martin by 1.5% in the fourth quarter. Welch Group LLC now owns 132,684 shares of the aerospace company’s stock worth $64,175,000 after purchasing an additional 1,999 shares during the last quarter. Jain Global LLC purchased a new stake in Lockheed Martin in the third quarter worth about $38,064,000. Clough Capital Partners L P purchased a new stake in Lockheed Martin in the third quarter worth about $31,018,000. Secured Retirement Advisors LLC lifted its stake in Lockheed Martin by 288.6% in the fourth quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company’s stock worth $1,513,000 after acquiring an additional 2,323 shares during the period. Finally, World Investment Advisors lifted its stake in Lockheed Martin by 54.7% in the fourth quarter. World Investment Advisors now owns 14,739 shares of the aerospace company’s stock worth $7,129,000 after acquiring an additional 5,214 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Lockheed Martin in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 price objective for the company. Wall Street Zen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Morgan Stanley lowered their price objective on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $620.68.

Lockheed Martin Stock Performance

LMT stock opened at $539.94 on Monday. The firm has a market cap of $124.49 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 0.98 and a beta of 0.10. The firm has a 50-day simple moving average of $548.13 and a two-hundred day simple moving average of $563.19. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $692.00. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14.

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

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be given a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 66.83%.

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.