D.B. Root & Company LLC Makes New Investment in Lockheed Martin Corporation $LMT

D.B. Root & Company LLC 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 Securities and Exchange Commission. The fund bought 1,712 shares of the aerospace company’s stock, valued at approximately $872,000.

A number of other institutional investors have also modified their holdings of the stock. Basso Capital Management L.P. acquired a new position in Lockheed Martin in the fourth quarter worth about $25,000. Burnham & Co LLC bought a new position in Lockheed Martin during the 2nd quarter worth approximately $25,000. United Financial Planning Group LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter worth approximately $25,000. Clarity Asset Management Inc. acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $26,000. Finally, Triumph Capital Management increased its holdings in shares of Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 22 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of several research reports. Sanford C. Bernstein reissued a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. TD Cowen lowered their target price on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a report on Sunday, July 26th. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $632.39.

Lockheed Martin Trading Up 0.2%

Shares of NYSE LMT opened at $564.61 on Monday. The company has a market cap of $130.31 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a 12-month low of $437.25 and a 12-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’s 50 day simple moving average is $547.80 and its 200 day simple moving average is $575.31.

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

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s payout ratio is presently 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.