Bessemer Group Inc. Has $6.93 Million Stock Position in Lockheed Martin Corporation $LMT

Bessemer Group Inc. raised its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 21.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,462 shares of the aerospace company’s stock after acquiring an additional 2,058 shares during the quarter. Bessemer Group Inc.’s holdings in Lockheed Martin were worth $6,927,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LMT. Basso Capital Management L.P. acquired a new position in Lockheed Martin during the fourth quarter worth $25,000. United Financial Planning Group LLC bought a new position in Lockheed Martin in the third quarter valued at $25,000. Clarity Asset Management Inc. acquired a new stake in Lockheed Martin in the 4th quarter valued at $26,000. Triumph Capital Management increased its stake in Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after buying an additional 22 shares during the last quarter. Finally, Bard Associates Inc. bought a new stake in Lockheed Martin during the 4th quarter worth about $27,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

NYSE:LMT opened at $508.93 on Monday. The stock has a market cap of $117.34 billion, a P/E ratio of 24.65, a PEG ratio of 0.91 and a beta of 0.11. The stock has a 50 day simple moving average of $521.95 and a 200 day simple moving average of $572.11. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. 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 quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. During the same quarter last year, the firm earned $7.28 earnings per share. The business’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. Research analysts anticipate that Lockheed Martin Corporation will post 29.94 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 1st were given a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, June 1st. Lockheed Martin’s payout ratio is presently 66.83%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company set a $575.00 price objective on shares of Lockheed Martin in a research note on Wednesday, July 8th. JPMorgan Chase & Co. lowered their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Weiss Ratings lowered Lockheed Martin from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Finally, UBS Group reduced their price target on Lockheed Martin from $683.00 to $538.00 in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $607.58.

Lockheed Martin News Summary

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

• Positive Sentiment: Lockheed Martin won a major U.S. Special Operations Command logistics and sustainment contract, adding to its defense backlog and improving revenue visibility. Lockheed Martin to Provide Next-Generation Logistics and Sustainment Support for U.S. Special Operations Command Under New Contract
• Positive Sentiment: The company is expanding missile production under new U.S. agreements, benefiting from rising demand for air and missile defense systems. Can Lockheed Martin’s Missile Defense Business Power Long-Term Growth?
• Positive Sentiment: Lockheed Martin Ventures is opening a London office and earmarking at least $100 million for investments in U.K. and European defense technologies, which could strengthen its long-term innovation pipeline. Lockheed Martin Earmarks $100 Million for Venture Capital Investments in U.K., Europe

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.