Johnson Financial Group Inc. Acquires Shares of 11,036 Lockheed Martin Corporation $LMT

Johnson Financial Group Inc. acquired a new stake in Lockheed Martin Corporation (NYSE:LMT) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 11,036 shares of the aerospace company’s stock, valued at approximately $5,622,000.

A number of other hedge funds have also modified their holdings of LMT. IAG Wealth Partners LLC lifted its position in shares of Lockheed Martin by 4,800.0% during the 1st quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock worth $30,000 after buying an additional 48 shares during the period. United Financial Planning Group LLC bought a new stake in Lockheed Martin in the third quarter valued at $25,000. Basso Capital Management L.P. bought a new stake in Lockheed Martin in the fourth quarter valued at $25,000. Clarity Asset Management Inc. acquired a new position in Lockheed Martin during the fourth quarter worth $26,000. Finally, TD Capital Management LLC raised its stake in Lockheed Martin by 450.0% during the fourth quarter. TD Capital Management LLC now owns 55 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 45 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Bank of America reduced their target price on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a research report on Sunday, July 26th. Finally, Wells Fargo & Company set a $600.00 price objective on shares of Lockheed Martin in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $632.39.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $589.47 on Thursday. The business’s fifty day moving average is $546.85 and its two-hundred day moving average is $576.25. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The firm has a market cap of $136.04 billion, a P/E ratio of 21.73, a P/E/G ratio of 1.04 and a beta of 0.10. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00.

Lockheed Martin (NYSE:LMT) last announced its earnings results 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 during the quarter, compared to analyst estimates of $19.34 billion. During the same period last year, the company posted $1.46 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities research analysts forecast that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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

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.