Ascentis Independent Advisors Purchases 2,251 Shares of Lockheed Martin Corporation $LMT

Ascentis Independent Advisors lifted its position in Lockheed Martin Corporation (NYSE:LMT) by 90.9% in the first quarter, HoldingsChannel.com reports. The firm owned 4,727 shares of the aerospace company’s stock after purchasing an additional 2,251 shares during the quarter. Ascentis Independent Advisors’ holdings in Lockheed Martin were worth $2,857,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Steigerwald Gordon & Koch Inc. boosted its holdings in Lockheed Martin by 3.4% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 1,813 shares of the aerospace company’s stock worth $1,096,000 after buying an additional 60 shares during the period. GM Advisory Group LLC lifted its position in shares of Lockheed Martin by 7.4% in the first quarter. GM Advisory Group LLC now owns 741 shares of the aerospace company’s stock valued at $448,000 after acquiring an additional 51 shares in the last quarter. Astoria Portfolio Advisors LLC. lifted its position in shares of Lockheed Martin by 35.4% in the first quarter. Astoria Portfolio Advisors LLC. now owns 754 shares of the aerospace company’s stock valued at $456,000 after acquiring an additional 197 shares in the last quarter. St. Johns Investment Management Company LLC boosted its stake in shares of Lockheed Martin by 3.0% in the first quarter. St. Johns Investment Management Company LLC now owns 1,954 shares of the aerospace company’s stock worth $1,181,000 after acquiring an additional 56 shares during the period. Finally, Eliot Finkel Investment Counsel LLC raised its stake in Lockheed Martin by 3.6% during the 1st quarter. Eliot Finkel Investment Counsel LLC now owns 7,800 shares of the aerospace company’s stock valued at $4,714,000 after purchasing an additional 270 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: Lockheed Martin is reportedly close to winning the race for Ultra Maritime, a naval defense specialist, in a deal that could value the business at roughly $3.5 billion and may be announced as soon as next week. Lockheed Closes In on $3.5 Billion Ultra Maritime Deal
• Positive Sentiment: Lockheed continues to benefit from major defense contract wins, including a large THAAD interceptor production award and a Sentinel A4 radar contract, which support revenue visibility and underscore strong demand for missile-defense systems. Why Lockheed Martin (LMT) Is Up 6.1% After Massive Missile-Defense Contracts And Index Shift
• Neutral Sentiment: Analysts are looking ahead to Lockheed Martin’s Q2 earnings report on July 23, with expectations calling for a slight decline in earnings, so investors may stay cautious until results are released. What to Expect From Lockheed Martin’s Next Quarterly Earnings Report
• Negative Sentiment: Some commentary remains focused on Lockheed’s recent uneven quarter, with program charges and weaker cash flow still seen as a risk even after the stock’s rebound. General Dynamics Vs. Lockheed Martin: Buy General Dynamics for Deep Marine Backlogs

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. UBS Group dropped their target price on shares of Lockheed Martin from $683.00 to $538.00 in a research report on Tuesday, June 30th. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Citigroup raised Lockheed Martin from a “neutral” rating to a “buy” rating and increased their price target for the company from $571.00 to $582.00 in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $613.63.

Lockheed Martin Price Performance

Shares of LMT stock opened at $544.75 on Monday. 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 company’s 50-day simple moving average is $520.46 and its two-hundred day simple moving average is $569.22. The company has a market capitalization of $125.60 billion, a P/E ratio of 26.38, a P/E/G ratio of 0.99 and a beta of 0.11. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $692.00.

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

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 1st were issued a $3.45 dividend. The ex-dividend date was Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.5%. Lockheed Martin’s dividend payout ratio (DPR) is presently 66.83%.

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.