Stack Financial Management Inc Takes $22.49 Million Position in Lockheed Martin Corporation $LMT

Stack Financial Management Inc acquired a new stake in Lockheed Martin Corporation (NYSE:LMT) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 44,145 shares of the aerospace company’s stock, valued at approximately $22,490,000. Lockheed Martin makes up 1.8% of Stack Financial Management Inc’s portfolio, making the stock its 25th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position 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 worth $4,178,399,000 after purchasing an additional 114,900 shares during the period. Morgan Stanley raised its position in shares of Lockheed Martin by 10.1% in the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after purchasing an additional 527,523 shares during the period. Franklin Resources Inc. lifted its stake in shares of Lockheed Martin by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock worth $807,866,000 after buying an additional 10,349 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Lockheed Martin by 7.4% during the 4th quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company’s stock worth $696,891,000 after buying an additional 99,403 shares during the period. Finally, AQR Capital Management LLC grew its stake in Lockheed Martin by 107.3% in the 4th quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock valued at $625,784,000 after buying an additional 669,604 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LMT shares. Susquehanna cut their target price 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. UBS Group reaffirmed a “neutral” rating and issued a $581.00 price target on shares of Lockheed Martin in a research report on Friday, July 24th. Wells Fargo & Company set a $600.00 price objective on Lockheed Martin in a research note on Monday, July 27th. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $632.39.

Lockheed Martin Stock Performance

NYSE:LMT opened at $608.21 on Friday. The firm has a market capitalization of $140.37 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.03 and a beta of 0.10. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. Lockheed Martin Corporation has a 12-month low of $436.46 and a 12-month high of $692.00. The firm has a 50-day moving average price of $542.51 and a 200 day moving average price of $576.46.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The company had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the previous year, the business earned $1.46 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Research analysts anticipate that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is 50.87%.

Lockheed Martin Company 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.