Worth Asset Management LLC Purchases Shares of 2,843 Lockheed Martin Corporation $LMT

Worth Asset Management LLC acquired a new stake in Lockheed Martin Corporation (NYSE:LMT) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,843 shares of the aerospace company’s stock, valued at approximately $1,718,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Basso Capital Management L.P. purchased a new position in Lockheed Martin in the fourth quarter worth approximately $25,000. United Financial Planning Group LLC acquired a new position in Lockheed Martin during the 3rd quarter worth approximately $25,000. Clarity Asset Management Inc. purchased a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $26,000. Triumph Capital Management increased its position in shares of Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 22 shares during the last quarter. Finally, Bard Associates Inc. acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at $27,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LMT has been the subject of several recent analyst reports. TD Cowen decreased their price objective on shares of Lockheed Martin from $670.00 to $600.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Susquehanna dropped their target price on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a report on Friday, April 24th. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. JPMorgan Chase & Co. cut their price target on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $620.68.

Lockheed Martin Stock Down 3.4%

LMT stock opened at $493.68 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00. The company’s 50 day moving average is $535.17 and its two-hundred day moving average is $566.10. The stock has a market cap of $113.82 billion, a P/E ratio of 23.91, a PEG ratio of 0.93 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing the consensus estimate of $6.79 by ($0.35). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The company had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. During the same quarter in the prior year, the firm posted $7.28 EPS. The firm’s quarterly revenue was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Research analysts expect that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be given a $3.45 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. Lockheed Martin’s payout ratio is 66.83%.

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.