MassMutual Private Wealth & Trust FSB Grows Stake in Lockheed Martin Corporation $LMT

MassMutual Private Wealth & Trust FSB lifted its stake in Lockheed Martin Corporation (NYSE:LMT) by 6.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,248 shares of the aerospace company’s stock after purchasing an additional 1,375 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Lockheed Martin were worth $10,825,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Basso Capital Management L.P. bought a new position in Lockheed Martin during the fourth quarter valued at $25,000. United Financial Planning Group LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter worth about $25,000. Clarity Asset Management Inc. bought a new stake in shares of Lockheed Martin in the 4th quarter worth about $26,000. Triumph Capital Management boosted its stake in shares of Lockheed Martin by 66.7% during the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 22 shares during the period. Finally, Bard Associates Inc. purchased a new position in shares of Lockheed Martin during the 4th quarter worth about $27,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT stock opened at $586.28 on Tuesday. Lockheed Martin Corporation has a twelve month low of $419.00 and a twelve month high of $692.00. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The stock has a fifty day simple moving average of $529.97 and a two-hundred day simple moving average of $575.66. The stock has a market capitalization of $135.31 billion, a price-to-earnings ratio of 21.61, a P/E/G ratio of 1.00 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating the consensus estimate of $7.22 by $0.72. The business had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, analysts predict that Lockheed Martin Corporation will post 30.31 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is currently 50.87%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LMT. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a research report on Sunday, July 26th. Royal Bank Of Canada increased their price target on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. Sanford C. Bernstein reissued a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Bank of America dropped their price objective on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Lockheed Martin has a consensus rating of “Hold” and an average target price of $626.33.

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.