Lockheed Martin Corporation $LMT Shares Acquired by Simmons Bank

Simmons Bank increased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 6.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,751 shares of the aerospace company’s stock after purchasing an additional 999 shares during the period. Simmons Bank’s holdings in Lockheed Martin were worth $9,520,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Catalina Capital Group LLC purchased a new position in Lockheed Martin during the first quarter worth about $248,000. Ameliora Wealth Management Ltd. acquired a new stake in Lockheed Martin in the 1st quarter worth about $91,000. Next Level Private LLC purchased a new stake in Lockheed Martin in the 1st quarter valued at about $222,000. 3Chopt Investment Partners LLC grew its holdings in Lockheed Martin by 15.1% in the 1st quarter. 3Chopt Investment Partners LLC now owns 1,978 shares of the aerospace company’s stock valued at $1,196,000 after buying an additional 259 shares during the period. Finally, Tred Avon Family Wealth LLC increased its stake in shares of Lockheed Martin by 17.4% during the 1st quarter. Tred Avon Family Wealth LLC now owns 925 shares of the aerospace company’s stock valued at $559,000 after acquiring an additional 137 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 1.0%

LMT opened at $502.53 on Tuesday. The company has a market cap of $115.86 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 0.92 and a beta of 0.10. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $692.00. The firm has a 50 day moving average price of $524.08 and a 200 day moving average price of $567.73.

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 for the quarter, compared to analysts’ expectations of $18.38 billion. During the same quarter in the prior year, the firm earned $7.28 earnings per share. Lockheed Martin’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. Sell-side analysts expect that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 1st were issued a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.7%. The ex-dividend date was Monday, June 1st. Lockheed Martin’s dividend payout ratio is currently 66.83%.

Analysts Set New Price Targets

LMT has been the topic of several research analyst reports. Citigroup decreased their target price on shares of Lockheed Martin from $675.00 to $571.00 and set a “neutral” rating on the stock in a research report on Monday, May 18th. Weiss Ratings lowered shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. JPMorgan Chase & Co. cut their price target on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Wells Fargo & Company started coverage on shares of Lockheed Martin in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 price target on the stock. Finally, Argus boosted their price objective on shares of Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $619.63.

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.