Meeder Asset Management Inc. Sells 2,170 Shares of Lockheed Martin Corporation $LMT

Meeder Asset Management Inc. decreased its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 9.6% during the 1st quarter, Holdings Channel reports. The firm owned 20,386 shares of the aerospace company’s stock after selling 2,170 shares during the period. Meeder Asset Management Inc.’s holdings in Lockheed Martin were worth $12,321,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LMT. Basso Capital Management L.P. bought a new position in shares of Lockheed Martin in the fourth quarter valued at $25,000. United Financial Planning Group LLC acquired a new position in Lockheed Martin during the third quarter worth $25,000. Clarity Asset Management Inc. bought a new stake in Lockheed Martin during the fourth quarter worth $26,000. Triumph Capital Management grew its position in shares of Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 22 shares during the period. Finally, Bard Associates Inc. bought a new position in shares of Lockheed Martin in the 4th quarter valued at about $27,000. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on LMT shares. Citigroup upgraded shares of Lockheed Martin from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $571.00 to $582.00 in a research note on Wednesday, July 1st. Wells Fargo & Company set a $575.00 price target on Lockheed Martin in a report on Wednesday, July 8th. Jefferies Financial Group set a $575.00 price target on Lockheed Martin in a research report on Thursday, June 25th. Susquehanna dropped their price objective on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a research note on Friday, April 24th. Finally, UBS Group dropped their price objective on Lockheed Martin from $683.00 to $538.00 in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $607.58.

Lockheed Martin News Summary

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Lockheed Martin won a major U.S. Special Operations Command logistics and sustainment contract, adding to its defense backlog and improving revenue visibility. Lockheed Martin to Provide Next-Generation Logistics and Sustainment Support for U.S. Special Operations Command Under New Contract
• Positive Sentiment: The company is expanding missile production under new U.S. agreements, benefiting from rising demand for air and missile defense systems. Can Lockheed Martin’s Missile Defense Business Power Long-Term Growth?
• Positive Sentiment: Lockheed Martin Ventures is opening a London office and earmarking at least $100 million for investments in U.K. and European defense technologies, which could strengthen its long-term innovation pipeline. Lockheed Martin Earmarks $100 Million for Venture Capital Investments in U.K., Europe

Lockheed Martin Price Performance

NYSE:LMT opened at $508.93 on Monday. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $692.00. The company has a market cap of $117.34 billion, a P/E ratio of 24.65, a P/E/G ratio of 0.91 and a beta of 0.11. The firm’s fifty day moving average price is $521.95 and its two-hundred day moving average price is $572.11. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share 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 net margin of 6.38% and a return on equity of 101.64%. Lockheed Martin’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the company earned $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities analysts expect that Lockheed Martin Corporation will post 29.94 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 1st were paid a $3.45 dividend. The ex-dividend date was Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. Lockheed Martin’s dividend payout ratio is 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.