Cookson Peirce & Co. Inc. Takes $1.27 Million Position in Lockheed Martin Corporation $LMT

Cookson Peirce & Co. Inc. acquired a new position in Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, Holdings Channel reports. The firm acquired 2,495 shares of the aerospace company’s stock, valued at approximately $1,271,000.

Other hedge funds also recently made changes to their positions in the company. Wedbush Securities Inc. raised its holdings in Lockheed Martin by 5.6% in the second quarter. Wedbush Securities Inc. now owns 8,961 shares of the aerospace company’s stock worth $4,565,000 after purchasing an additional 477 shares in the last quarter. Spinnaker Trust boosted its stake in Lockheed Martin by 14.2% during the 2nd quarter. Spinnaker Trust now owns 602 shares of the aerospace company’s stock valued at $307,000 after purchasing an additional 75 shares during the last quarter. Greenwood Capital Associates LLC increased 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 worth $1,794,000 after buying an additional 459 shares in the last quarter. Capital Advisors Inc. OK lifted its position in Lockheed Martin by 21.6% during the second quarter. Capital Advisors Inc. OK now owns 80,792 shares of the aerospace company’s stock valued at $41,160,000 after purchasing an additional 14,340 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Lockheed Martin by 5.7% in 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 buying an additional 23,953 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LMT has been the topic of several recent research reports. Jefferies Financial Group reiterated a “hold” rating on shares of Lockheed Martin in a research note on Sunday, July 26th. JPMorgan Chase & Co. dropped their price target on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Robert W. Baird set a $700.00 price objective on shares of Lockheed Martin in a research report on Friday, July 24th. Wells Fargo & Company set a $600.00 price objective on Lockheed Martin in a research note on Monday, July 27th. Finally, Wall Street Zen raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $632.39.

Lockheed Martin Stock Down 0.0%

LMT opened at $563.82 on Monday. The company has a market capitalization of $130.12 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10. The firm has a 50-day simple moving average of $551.70 and a two-hundred day simple moving average of $573.30. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00.

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 business had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the company posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Analysts forecast that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.4%. 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.