L2 Asset Management LLC Buys Shares of 1,243 Lockheed Martin Corporation $LMT

L2 Asset Management LLC purchased a new position in Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,243 shares of the aerospace company’s stock, valued at approximately $633,000.

Several other hedge funds have also recently made changes to their positions in LMT. BlackRock Inc. purchased a new position in shares of Lockheed Martin in the second quarter worth approximately $9,617,574,000. Charles Schwab Investment Management Inc. grew its position in Lockheed Martin by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock valued at $4,178,399,000 after buying an additional 114,900 shares during the period. Morgan Stanley increased its holdings in Lockheed Martin by 10.1% during the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after buying an additional 527,523 shares during the last quarter. Franklin Resources Inc. increased its holdings in Lockheed Martin by 0.6% during the fourth quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock valued at $807,866,000 after buying an additional 10,349 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Lockheed Martin by 7.4% in the fourth quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company’s stock worth $696,891,000 after acquiring an additional 99,403 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LMT has been the topic of several analyst reports. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a research note on Friday, July 24th. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Citigroup raised their target price on Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. UBS Group reiterated a “neutral” rating and set a $581.00 target price on shares of Lockheed Martin in a research report on Friday, July 24th. Finally, Morgan Stanley boosted their price target on Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. One investment 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 stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and an average target price of $632.39.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $556.95 on Wednesday. The company has a market capitalization of $128.54 billion, a P/E ratio of 20.53, a P/E/G ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a 1-year low of $437.25 and a 1-year high of $692.00. The firm’s 50 day simple moving average is $548.90 and its two-hundred day simple moving average is $574.52. 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, topping analysts’ consensus estimates of $7.22 by $0.72. The firm had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Research analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed 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. This represents a $13.80 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 50.87%.

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.