Pinnacle West Asset Management Inc. Makes New Investment in Lockheed Martin Corporation $LMT

Pinnacle West Asset Management Inc. bought a new position in Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,278 shares of the aerospace company’s stock, valued at approximately $651,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in LMT. Brighton Jones LLC grew its stake in Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares during the period. Sivia Capital Partners LLC lifted its position in Lockheed Martin by 5.4% during the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock valued at $451,000 after buying an additional 50 shares during the period. Schnieders Capital Management LLC. boosted its holdings in shares of Lockheed Martin by 17.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock valued at $676,000 after buying an additional 215 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Lockheed Martin by 36.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock valued at $1,042,000 after buying an additional 595 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Lockheed Martin by 18.2% in the 2nd quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company’s stock worth $40,092,000 after buying an additional 13,300 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. BNP Paribas Exane decreased their price target on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. TD Cowen cut their price objective on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a research note on Sunday, July 26th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a report on Friday, April 24th. Finally, Bank of America dropped their price target 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $632.39.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $564.61 on Friday. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00. The firm’s 50-day moving average is $547.80 and its 200 day moving average is $575.73. The stock has a market cap of $130.31 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 0.98 and a beta of 0.10. 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 (NYSE:LMT) last released its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Lockheed Martin’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Sell-side analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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

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.