Fortune 45 LLC Takes $677,000 Position in Lockheed Martin Corporation $LMT

Fortune 45 LLC purchased a new stake in Lockheed Martin Corporation (NYSE:LMT) during the first quarter, HoldingsChannel.com reports. The firm purchased 1,121 shares of the aerospace company’s stock, valued at approximately $677,000. Lockheed Martin makes up approximately 0.3% of Fortune 45 LLC’s investment portfolio, making the stock its 26th biggest holding.

A number of other institutional investors have also recently modified their holdings of the business. Basso Capital Management L.P. purchased a new position in Lockheed Martin in the fourth quarter worth $25,000. United Financial Planning Group LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth $25,000. Clarity Asset Management Inc. purchased a new stake in shares of Lockheed Martin during the 4th quarter worth $26,000. Triumph Capital Management grew its stake in shares of Lockheed Martin by 66.7% during the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 22 shares during the period. Finally, Bard Associates Inc. acquired a new position in shares of Lockheed Martin during the 4th quarter worth $27,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

More Lockheed Martin News

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

Analyst Ratings Changes

Several analysts recently commented on LMT shares. UBS Group reduced their price objective on shares of Lockheed Martin from $683.00 to $538.00 in a research note on Tuesday, June 30th. Morgan Stanley dropped their target price on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Sanford C. Bernstein reissued a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Finally, Susquehanna dropped their price objective on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average price target of $613.63.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $544.75 on Monday. 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 50-day moving average price is $520.46 and its 200 day moving average price is $569.22. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The stock has a market cap of $125.60 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 0.99 and a beta of 0.11.

Lockheed Martin (NYSE:LMT) last announced its earnings results 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). 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 for the quarter, compared to analyst estimates of $18.38 billion. During the same quarter in the previous year, the firm posted $7.28 EPS. The business’s revenue was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, research analysts forecast that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

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

Lockheed Martin 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.