Papamarkou Wellner Asset Management inc. Acquires 624,721 Shares of Lockheed Martin Corporation $LMT

Papamarkou Wellner Asset Management inc. boosted its stake in Lockheed Martin Corporation (NYSE:LMT) by 20,302.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 627,798 shares of the aerospace company’s stock after buying an additional 624,721 shares during the period. Lockheed Martin accounts for approximately 68.2% of Papamarkou Wellner Asset Management inc.’s holdings, making the stock its largest position. Papamarkou Wellner Asset Management inc.’s holdings in Lockheed Martin were worth $319,838,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. World Investment Advisors lifted its stake in Lockheed Martin by 54.7% during the 4th quarter. World Investment Advisors now owns 14,739 shares of the aerospace company’s stock worth $7,129,000 after acquiring an additional 5,214 shares in the last quarter. SG Americas Securities LLC grew its position in Lockheed Martin by 5.4% in the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company’s stock valued at $167,043,000 after acquiring an additional 14,150 shares in the last quarter. Secured Retirement Advisors LLC increased its stake in Lockheed Martin by 288.6% during the fourth quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company’s stock worth $1,513,000 after purchasing an additional 2,323 shares during the period. Norris Financial Group LLC purchased a new stake in Lockheed Martin during the first quarter worth about $2,321,000. Finally, Legal Advantage Investments Inc. acquired a new stake in shares of Lockheed Martin during the first quarter worth about $1,451,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 0.0%

LMT opened at $565.81 on Friday. Lockheed Martin Corporation has a 12 month low of $437.25 and a 12 month high of $692.00. The business has a 50-day moving average of $550.67 and a two-hundred day moving average of $573.82. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The stock has a market capitalization of $130.58 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10.

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 the consensus estimate 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 the consensus estimate of $19.34 billion. During the same period last year, the firm earned $1.46 earnings per share. The company’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. On average, research analysts expect that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be issued a $3.45 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. Lockheed Martin’s dividend payout ratio is currently 50.87%.

Analyst Ratings Changes

LMT has been the subject of a number of research reports. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a research report on Friday, July 24th. UBS Group reiterated a “neutral” rating and set a $581.00 target price on shares of Lockheed Martin in a research report on Friday, July 24th. Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Finally, Morgan Stanley lifted their price target on Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and an average target price of $632.39.

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.