Legato Capital Management LLC Takes $508,000 Position in Lockheed Martin Corporation $LMT

Legato Capital Management LLC acquired a new stake in Lockheed Martin Corporation (NYSE:LMT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,051 shares of the aerospace company’s stock, valued at approximately $508,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. United Financial Planning Group LLC acquired a new position in Lockheed Martin during the 3rd quarter worth approximately $25,000. Tucker Asset Management LLC bought a new stake in Lockheed Martin during the 4th quarter worth approximately $32,000. Beacon Financial Strategies CORP bought a new stake in Lockheed Martin during the 4th quarter worth approximately $34,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Lockheed Martin during the 3rd quarter worth approximately $35,000. Finally, Wexford Capital LP bought a new stake in Lockheed Martin during the 3rd quarter worth approximately $36,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on LMT. Jefferies Financial Group reaffirmed a “hold” rating and issued a $595.00 target price on shares of Lockheed Martin in a report on Sunday, April 26th. UBS Group increased their target price on Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Bank of America lowered their price objective on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Finally, Argus increased their price objective on Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. One 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, Lockheed Martin currently has a consensus rating of “Hold” and a consensus target price of $620.68.

Lockheed Martin Stock Performance

LMT opened at $534.37 on Wednesday. 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 has a market cap of $123.21 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 0.97 and a beta of 0.10. The company’s 50 day moving average is $573.09 and its 200 day moving average is $557.28. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $692.00.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $18.38 billion. During the same period in the previous year, the business posted $7.28 EPS. The business’s quarterly revenue was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, equities research analysts predict that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be given a $3.45 dividend. The ex-dividend date is Monday, June 1st. This represents a $13.80 annualized dividend and a yield of 2.6%. Lockheed Martin’s dividend payout ratio (DPR) is currently 66.83%.

Lockheed Martin Company 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.