Bayforest Capital Ltd bought a new stake in Lockheed Martin Corporation (NYSE:LMT – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 1,182 shares of the aerospace company’s stock, valued at approximately $547,000.
Other large investors also recently made changes to their positions in the company. TruNorth Capital Management LLC acquired a new stake in shares of Lockheed Martin in the 1st quarter valued at about $31,000. Frazier Financial Advisors LLC bought a new stake in Lockheed Martin during the 2nd quarter worth approximately $34,000. GFG Capital LLC bought a new stake in Lockheed Martin during the 2nd quarter worth approximately $43,000. Bernard Wealth Management Corp. increased its holdings in Lockheed Martin by 251.9% during the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 68 shares in the last quarter. Finally, EQ Wealth Advisors LLC bought a new stake in Lockheed Martin during the 1st quarter worth approximately $43,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.
Lockheed Martin Price Performance
Lockheed Martin stock opened at $504.77 on Wednesday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The business’s 50 day simple moving average is $468.02 and its 200 day simple moving average is $463.81. The company has a market cap of $117.84 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 1.77 and a beta of 0.28.
Lockheed Martin Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a $3.45 dividend. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is currently 74.32%.
Analysts Set New Price Targets
LMT has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the stock a “hold” rating in a report on Wednesday, October 8th. Truist Financial lowered Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. Vertical Research reissued a “hold” rating and set a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. Robert W. Baird boosted their price objective on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Finally, TD Cowen reissued a “hold” rating and set a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $503.53.
Check Out Our Latest Stock Report on Lockheed Martin
About Lockheed Martin
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.
Further Reading
- Five stocks we like better than Lockheed Martin
- 3 Dividend Kings To Consider
- After Gold Blast Soars Past $4,000, BofA Eyes $5,000 in 2026
- With Risk Tolerance, One Size Does Not Fit All
- Buyback Boom: 3 Companies Betting Big on Themselves
- Following Congress Stock Trades
- Analysts Flock to Upgrade DELL After Big AI-Server Guidance Boost
Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Corporation (NYSE:LMT – Free Report).
Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.