EP Wealth Advisors LLC Takes Position in Lockheed Martin Corporation $LMT

EP Wealth Advisors LLC purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 36,580 shares of the aerospace company’s stock, valued at approximately $18,636,000.

A number of other institutional investors and hedge funds have also modified their holdings of LMT. Basso Capital Management L.P. acquired a new position in Lockheed Martin in the fourth quarter valued at approximately $25,000. Burnham & Co LLC acquired a new stake in Lockheed Martin during the 2nd quarter worth $25,000. United Financial Planning Group LLC acquired a new stake in Lockheed Martin during the 3rd quarter worth $25,000. Clarity Asset Management Inc. bought a new stake in shares of Lockheed Martin during the 4th quarter valued at $26,000. Finally, Triumph Capital Management raised its position in shares of Lockheed Martin by 66.7% during 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 last quarter. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LMT. Wells Fargo & Company set a $600.00 price target on Lockheed Martin in a research report on Monday, July 27th. UBS Group reiterated a “neutral” rating and issued a $581.00 price objective on shares of Lockheed Martin in a report on Friday, July 24th. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Wall Street Zen cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Bank of America decreased their target price on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $632.39.

Lockheed Martin Trading Down 1.2%

LMT opened at $564.61 on Friday. The firm’s fifty day moving average is $547.80 and its two-hundred day moving average is $575.73. The firm has a market cap of $130.31 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 0.98 and a beta of 0.10. Lockheed Martin Corporation has a twelve month low of $437.25 and a twelve month high of $692.00. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the previous year, the business earned $1.46 EPS. The firm’s 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. Equities research analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 annualized dividend and a yield of 2.4%. Lockheed Martin’s payout ratio is currently 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.