HORAN Wealth LLC Has $1.35 Million Stock Holdings in Lockheed Martin Corporation $LMT

HORAN Wealth LLC decreased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 49.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,647 shares of the aerospace company’s stock after selling 2,569 shares during the quarter. HORAN Wealth LLC’s holdings in Lockheed Martin were worth $1,348,000 at the end of the most recent quarter.

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

Lockheed Martin Stock Performance

LMT opened at $524.58 on Monday. The stock’s 50 day simple moving average is $555.58 and its 200-day simple moving average is $569.73. 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 $121.07 billion, a PE ratio of 19.34, a P/E/G ratio of 1.14 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.

Lockheed Martin (NYSE:LMT) last issued 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 firm had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same period last year, the business earned $1.46 earnings per share. Lockheed Martin’s quarterly revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Sell-side analysts forecast that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm 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. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. Lockheed Martin’s dividend payout ratio is currently 50.87%.

Wall Street Analyst Weigh In

LMT has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 29th. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a report on Wednesday. Finally, Robert W. Baird set a $700.00 price objective on shares of Lockheed Martin in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $632.39.

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.