Cullinan Associates Inc. Decreases Stake in Lockheed Martin Corporation $LMT

Cullinan Associates Inc. cut its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 7.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,616 shares of the aerospace company’s stock after selling 1,358 shares during the quarter. Cullinan Associates Inc.’s holdings in Lockheed Martin were worth $8,465,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LMT. Greenwood Capital Associates LLC raised its holdings in Lockheed Martin by 15.0% in the 2nd quarter. Greenwood Capital Associates LLC now owns 3,522 shares of the aerospace company’s stock valued at $1,794,000 after acquiring an additional 459 shares during the last quarter. Capital Advisors Inc. OK lifted its stake in Lockheed Martin by 21.6% in the 2nd quarter. Capital Advisors Inc. OK now owns 80,792 shares of the aerospace company’s stock worth $41,160,000 after purchasing an additional 14,340 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Lockheed Martin by 5.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 442,917 shares of the aerospace company’s stock worth $225,648,000 after purchasing an additional 23,953 shares during the last quarter. New Mexico Educational Retirement Board boosted its holdings in shares of Lockheed Martin by 5.3% during the 2nd quarter. New Mexico Educational Retirement Board now owns 9,997 shares of the aerospace company’s stock worth $5,093,000 after purchasing an additional 500 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its position in shares of Lockheed Martin by 36.1% in the second quarter. Royal London Asset Management Ltd. now owns 263,615 shares of the aerospace company’s stock valued at $134,301,000 after purchasing an additional 69,900 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on LMT shares. Wall Street Zen raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Saturday. Robert W. Baird set a $700.00 target price on Lockheed Martin in a report on Friday, July 24th. Royal Bank Of Canada raised their target price on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Finally, Citigroup lifted their price target on Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and an average price target of $632.39.

Lockheed Martin Stock Down 0.4%

Shares of NYSE LMT opened at $563.82 on Friday. The company has a market capitalization of $130.12 billion, a P/E ratio of 20.78, a P/E/G ratio of 0.97 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. The company has a 50 day simple moving average of $551.70 and a 200-day simple moving average of $573.75. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00.

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

Lockheed Martin Dividend Announcement

The firm 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. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is 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.