4,411 Shares in Lockheed Martin Corporation $LMT Purchased by Summit Global Investments

by · The Cerbat Gem

Summit Global Investments acquired a new position in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,411 shares of the aerospace company’s stock, valued at approximately $2,247,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Basso Capital Management L.P. purchased a new stake in shares of Lockheed Martin in the fourth quarter worth approximately $25,000. United Financial Planning Group LLC acquired a new stake in shares of Lockheed Martin during the third quarter worth approximately $25,000. Clarity Asset Management Inc. purchased a new position in Lockheed Martin during the fourth quarter valued at approximately $26,000. Triumph Capital Management grew its position in Lockheed Martin by 66.7% during the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 22 shares in the last quarter. Finally, Bard Associates Inc. acquired a new position in Lockheed Martin in the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.7%

LMT opened at $608.21 on Friday. The business has a 50 day moving average price of $542.51 and a 200 day moving average price of $576.46. Lockheed Martin Corporation has a twelve month low of $436.46 and a twelve month high of $692.00. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The firm has a market cap of $140.37 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 1.03 and a beta of 0.10.

Lockheed Martin (NYSE:LMT – Get Free Report) last announced its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same quarter in the prior year, the business earned $1.46 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Research analysts forecast that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is currently 50.87%.

Analyst Ratings Changes

A number of research firms have issued reports on LMT. Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. Susquehanna lowered their price target on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research note on Friday, April 24th. UBS Group reissued a “neutral” rating and set a $581.00 price objective on shares of Lockheed Martin in a research report on Friday, July 24th. Finally, Robert W. Baird set a $700.00 target price on Lockheed Martin in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $632.39.

View Our Latest Report on Lockheed Martin

About Lockheed Martin

(Free Report)

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.

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