1,280 Shares in Lockheed Martin Corporation $LMT Purchased by Allen Investment Management LLC

Allen Investment Management LLC purchased a new position in Lockheed Martin Corporation (NYSE:LMT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,280 shares of the aerospace company’s stock, valued at approximately $619,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. United Financial Planning Group LLC bought a new stake in Lockheed Martin in the 3rd quarter valued at $25,000. Tucker Asset Management LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter worth about $32,000. Beacon Financial Strategies CORP bought a new position in Lockheed Martin during the fourth quarter valued at approximately $34,000. Wexford Capital LP bought a new position in Lockheed Martin during the third quarter valued at approximately $36,000. Finally, Physician Wealth Advisors Inc. grew its holdings in Lockheed Martin by 61.7% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 76 shares of the aerospace company’s stock valued at $38,000 after buying an additional 29 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Price Performance

NYSE:LMT opened at $513.03 on Wednesday. The firm has a market capitalization of $118.28 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 0.94 and a beta of 0.10. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. The business has a 50 day simple moving average of $564.23 and a 200-day simple moving average of $559.25. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $692.00.

Lockheed Martin (NYSE:LMT) last released its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing the consensus estimate of $6.79 by ($0.35). The company had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities analysts forecast that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) is 66.83%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LMT. Citigroup reduced their price objective on Lockheed Martin from $675.00 to $571.00 and set a “neutral” rating on the stock in a research note on Monday, May 18th. Jefferies Financial Group reissued a “hold” rating and issued a $595.00 target price on shares of Lockheed Martin in a report on Sunday, April 26th. Morgan Stanley reduced their price target on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $620.68.

Key Lockheed Martin News

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

• Positive Sentiment: Lockheed Martin opened a new 88,000-square-foot Alabama facility to produce the Next Generation Interceptor, signaling expanding manufacturing capacity and stronger positioning in missile defense programs. Lockheed Martin Opens Next Generation Interceptor Facility in Courtland, Alabama
• Positive Sentiment: The company’s Aegis Combat System is reportedly gaining traction as global naval defense spending rises, which supports the outlook for Lockheed Martin’s naval combat business. Is Aegis Driving Lockheed Martin’s Growth in the Naval Combat Market?
• Positive Sentiment: Lockheed also began production-related expansion for NGI and THAAD programs in Alabama, reinforcing long-term demand tied to homeland missile defense. Lockheed’s New NGI Digital Missile Factories Could Be A Game Changer For Lockheed Martin (LMT)
• Neutral Sentiment: Lockheed delivered the first Integrated Combat System-enabled baseline to the U.S. Navy, a steady execution update that supports the company’s backlog and modernization narrative. Lockheed Martin (LMT) Makes its First Delivery of ICS Baseline
• Negative Sentiment: Goldman Sachs reiterated a Sell rating and a $511 price target, citing higher contract risk and slower aeronautics growth, which may be pressuring the shares. Lockheed Martin Downgraded to Sell on Higher Contract Risk and Slower Aeronautics Growth Despite Strong Defense Demand

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.