ASO GROUP Ltd Buys Shares of 6,626 Lockheed Martin Corporation $LMT

ASO GROUP Ltd bought a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) in the 4th quarter, HoldingsChannel reports. The firm bought 6,626 shares of the aerospace company’s stock, valued at approximately $3,205,000. Lockheed Martin accounts for about 1.3% of ASO GROUP Ltd’s investment portfolio, making the stock its 12th largest position.

Several other hedge funds have also bought and sold shares of LMT. United Financial Planning Group LLC bought a new stake in Lockheed Martin during the third quarter valued at approximately $25,000. Tucker Asset Management LLC bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $32,000. Beacon Financial Strategies CORP bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $34,000. Wexford Capital LP bought a new stake in shares of Lockheed Martin in the 3rd quarter worth approximately $36,000. Finally, Torren Management LLC bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $38,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 4.6%

Shares of Lockheed Martin stock opened at $548.92 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The company’s fifty day simple moving average is $549.70 and its two-hundred day simple moving average is $562.57. The company has a market cap of $126.56 billion, a P/E ratio of 26.58, a PEG ratio of 0.95 and a beta of 0.10. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $692.00.

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

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be given a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin’s payout ratio is presently 66.83%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LMT shares. DZ Bank upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Susquehanna lowered their price objective on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a report on Friday, April 24th. Argus boosted their price objective on shares of Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Citigroup lowered their price objective on shares of Lockheed Martin from $675.00 to $571.00 and set a “neutral” rating for the company in a report on Monday, May 18th. Finally, Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $620.68.

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.