Sargent Investment Group LLC Buys New Shares in Lockheed Martin Corporation $LMT

Sargent Investment Group LLC acquired a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 1,041 shares of the aerospace company’s stock, valued at approximately $504,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. United Financial Planning Group LLC bought a new position in Lockheed Martin during the third quarter worth $25,000. Clarity Asset Management Inc. bought a new position in Lockheed Martin during the fourth quarter worth $26,000. Triumph Capital Management boosted its position in Lockheed Martin by 66.7% during the fourth 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. Bard Associates Inc. bought a new position in Lockheed Martin during the fourth quarter worth $27,000. Finally, Tucker Asset Management LLC bought a new position in Lockheed Martin during the fourth quarter worth $32,000. 74.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on LMT shares. Citigroup reduced their price objective on shares of Lockheed Martin from $675.00 to $571.00 and set a “neutral” rating for the company in a research report on Monday, May 18th. Wall Street Zen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. TD Cowen reduced their price objective on shares of Lockheed Martin from $670.00 to $600.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Argus lifted their price objective on shares of Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Finally, Susquehanna reduced their price objective on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and an average price target of $620.68.

Lockheed Martin Trading Down 2.0%

Shares of Lockheed Martin stock opened at $529.54 on Tuesday. The firm has a 50-day moving average of $546.26 and a 200-day moving average of $563.73. The stock has a market cap of $122.09 billion, a PE ratio of 25.64, a PEG ratio of 0.98 and a beta of 0.10. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week 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 announced its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The business had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The company’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, sell-side analysts forecast 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. Stockholders of record on Monday, June 1st will be given a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin’s payout ratio is presently 66.83%.

About Lockheed Martin

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.