Burns Matteson Capital Management LLC Makes New Investment in Lockheed Martin Corporation $LMT

Burns Matteson Capital Management LLC acquired a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,067 shares of the aerospace company’s stock, valued at approximately $543,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Lockheed Martin in the 2nd quarter worth about $9,617,574,000. Corient Private Wealth LP acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth about $101,960,000. Bank of New York Mellon Corp bought a new position in Lockheed Martin during the 2nd quarter valued at about $645,258,000. Legal & General Group Plc bought a new position in Lockheed Martin during the 2nd quarter valued at about $497,469,000. Finally, Diamant Asset Management Inc. lifted its holdings in Lockheed Martin by 60,339.0% during the 1st quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock valued at $531,493,000 after purchasing an additional 877,932 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

Shares of LMT stock opened at $551.96 on Friday. The stock’s fifty day moving average is $541.90 and its 200-day moving average is $543.85. 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 stock has a market capitalization of $127.39 billion, a PE ratio of 20.35, a PEG ratio of 1.20 and a beta of 0.09. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) 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 business had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same period in the previous year, the business posted $1.46 earnings per share. The firm’s revenue for the quarter 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 expect that Lockheed Martin Corporation will post 30.44 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 1st will be issued a dividend of $3.60 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $14.40 dividend on an annualized basis and a yield of 2.6%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.45. Lockheed Martin’s payout ratio is currently 53.08%.

Wall Street Analyst Weigh In

LMT has been the topic of a number of recent analyst reports. Rothschild & Co Redburn started coverage on shares of Lockheed Martin in a research report on Tuesday, October 6th. They issued a “buy” rating and a $650.00 price target on the stock. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday. TD Cowen dropped their price objective on shares of Lockheed Martin from $600.00 to $570.00 and set a “hold” rating for the company in a report on Friday, October 9th. Vertical Research upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $600.00 target price for the company in a research note on Wednesday. Finally, Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average price target of $627.10.

Lockheed Martin News Summary

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

• Positive Sentiment: UBS reiterated its bullish view and said Lockheed’s missile sales could grow roughly 20% annually for years. The highly profitable Missiles and Fire Control division could drive earnings growth faster than revenue, supporting the stock’s recent momentum. Why Lockheed Martin Stock Keeps Going Up
• Positive Sentiment: Lockheed announced a $300 million Texas investment and plans to add approximately 6,000 U.S. jobs, expanding advanced-munitions capacity. PAC-3 MSE production is targeted to rise from about 600 units annually to at least 2,000 over time, improving the company’s ability to capture sustained missile-defense demand. Lockheed Martin Supercharges US Missile Production With $300 Million Texas Investment
• Positive Sentiment: The company raised its quarterly dividend 4.3% to $3.60 per share, extending its dividend-growth streak to 24 years. The increase reinforces Lockheed’s appeal to income-focused investors. This Defense Stock Just Raised Its Dividend by 4.3%
• Positive Sentiment: Lockheed delivered a C-130J-30 aircraft to the U.S. Navy for the future E-130J Phoenix II TACAMO mission, highlighting continued demand for its strategic-airlift and command-and-control platforms. U.S. Navy Receives C-130J-30 Super Hercules
• Neutral Sentiment: Analysts expect third-quarter earnings to grow about 7.6%, with missile-defense demand and production increases supporting revenue. Investors are watching the October 22 report for evidence that recent investments are translating into cash flow and profit growth.
• Neutral Sentiment: Potential changes to Norway’s sovereign wealth fund rules could eventually allow investment in Lockheed, which is currently excluded because of its nuclear-weapons involvement. Any benefit remains speculative and depends on the policy change.
• Negative Sentiment: RBC lowered its price target from $600 to $550 and maintained a “sector perform” rating, signaling limited near-term upside at current valuation. RBC Lowers Lockheed Martin Price Target
• Negative Sentiment: Investors continue to weigh Lockheed’s elevated debt, execution risks on fixed-price programs and the possibility of future contract charges. Bernstein also maintained a hold rating.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.