Van Hulzen Asset Management LLC Purchases New Shares in Lockheed Martin Corporation $LMT

Van Hulzen Asset Management LLC purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,013 shares of the aerospace company’s stock, valued at approximately $516,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IAG Wealth Partners LLC grew its holdings in shares of Lockheed Martin by 4,800.0% in the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 48 shares in the last quarter. United Financial Planning Group LLC bought a new stake in Lockheed Martin during the third quarter worth $25,000. Burnham & Co LLC bought a new stake in Lockheed Martin during the second quarter worth $25,000. Basso Capital Management L.P. purchased a new position in Lockheed Martin in the fourth quarter worth $25,000. Finally, Clarity Asset Management Inc. bought a new position in Lockheed Martin in the 4th quarter valued at $26,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LMT. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a research report on Monday, July 27th. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a report on Friday, July 24th. Citigroup increased their price target on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. UBS Group restated a “neutral” rating and set a $581.00 price objective on shares of Lockheed Martin in a report on Friday, July 24th. Finally, Morgan Stanley lifted their price objective on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and an average price target of $632.39.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $556.95 on Wednesday. The company has a 50 day moving average of $548.90 and a 200 day moving average of $574.52. 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 market cap 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 12 month low of $437.25 and a 12 month high of $692.00.

Lockheed Martin (NYSE:LMT) last posted its earnings results 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 business had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same period in the previous year, the business earned $1.46 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, sell-side analysts forecast that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be given a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date 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.