HighTower Advisors LLC Increases Position in Lockheed Martin Corporation $LMT

HighTower Advisors LLC lifted its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 424,466 shares of the aerospace company’s stock after buying an additional 4,191 shares during the period. HighTower Advisors LLC’s holdings in Lockheed Martin were worth $205,301,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Oppenheimer & Co. Inc. lifted its stake in shares of Lockheed Martin by 9.3% during the third quarter. Oppenheimer & Co. Inc. now owns 39,410 shares of the aerospace company’s stock valued at $19,674,000 after buying an additional 3,352 shares during the period. Welch Group LLC lifted its stake in shares of Lockheed Martin by 1.5% during the fourth quarter. Welch Group LLC now owns 132,684 shares of the aerospace company’s stock valued at $64,175,000 after buying an additional 1,999 shares during the period. Jain Global LLC purchased a new position in shares of Lockheed Martin during the third quarter valued at approximately $38,064,000. Atlantic Union Bankshares Corp raised its stake in Lockheed Martin by 182.0% during the third quarter. Atlantic Union Bankshares Corp now owns 37,014 shares of the aerospace company’s stock worth $18,478,000 after purchasing an additional 23,888 shares during the period. Finally, Clough Capital Partners L P purchased a new position in Lockheed Martin during the third quarter worth approximately $31,018,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LMT shares. Wells Fargo & Company started coverage on shares of Lockheed Martin in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 price target on the stock. Morgan Stanley cut their price target on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. The Goldman Sachs Group increased their price target on shares of Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a research note on Monday, February 2nd. Finally, BNP Paribas Exane cut their price target on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $620.68.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $528.13 on Tuesday. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $692.00. The firm has a fifty day moving average of $588.35 and a 200-day moving average of $555.45. The firm has a market capitalization of $121.77 billion, a P/E ratio of 25.58, a PEG ratio of 0.93 and a beta of 0.10. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data 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 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 company earned $7.28 EPS. Lockheed Martin’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, analysts predict that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be issued a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 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.