Performance Wealth Partners LLC Takes Position in Lockheed Martin Corporation $LMT

Performance Wealth Partners LLC bought a new position in Lockheed Martin Corporation (NYSE:LMT) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,962 shares of the aerospace company’s stock, valued at approximately $2,528,000.

Several other institutional investors also recently modified their holdings of LMT. Basso Capital Management L.P. bought a new stake in Lockheed Martin during the fourth quarter worth about $25,000. United Financial Planning Group LLC bought a new position in shares of Lockheed Martin during the third quarter valued at approximately $25,000. Clarity Asset Management Inc. bought a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $26,000. Triumph Capital Management lifted its holdings in shares of Lockheed Martin by 66.7% during the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 22 shares during the last quarter. Finally, Bard Associates Inc. purchased a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $27,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Trading Down 2.4%

Shares of NYSE:LMT opened at $594.26 on Tuesday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00. The company has a market cap of $137.15 billion, a P/E ratio of 21.90, a PEG ratio of 1.04 and a beta of 0.10. The stock’s fifty day moving average price is $544.00 and its 200-day moving average price is $576.42.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The company had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same period last year, the company earned $1.46 EPS. Lockheed Martin’s revenue for the quarter was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Sell-side analysts expect that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be paid a $3.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.3%. Lockheed Martin’s payout ratio is currently 50.87%.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of analyst reports. TD Cowen dropped their price target on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research note on Friday, April 24th. DZ Bank upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Jefferies Financial Group reiterated a “hold” rating on shares of Lockheed Martin in a research note on Sunday, July 26th. Finally, Royal Bank Of Canada increased their price target on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $632.39.

About Lockheed Martin

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.