Patriot Financial Group Insurance Agency LLC Acquires 1,098 Shares of Lockheed Martin Corporation $LMT

Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 109.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,098 shares of the aerospace company’s stock after purchasing an additional 1,098 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Lockheed Martin were worth $1,269,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LMT. Basso Capital Management L.P. bought a new stake in Lockheed Martin during the 4th quarter worth about $25,000. United Financial Planning Group LLC bought a new position in shares of Lockheed Martin in the 3rd quarter valued at about $25,000. Clarity Asset Management Inc. acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at about $26,000. Triumph Capital Management increased its position in shares of Lockheed Martin by 66.7% in the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 22 shares during the last quarter. Finally, Bard Associates Inc. bought a new stake in Lockheed Martin during the fourth quarter worth about $27,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Citigroup reduced their price target on Lockheed Martin from $675.00 to $571.00 and set a “neutral” rating for the company in a research report on Monday, May 18th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Royal Bank Of Canada decreased their target price on shares of Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating for the company in a research note on Friday, April 24th. Finally, Weiss Ratings downgraded shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and an average target price of $619.63.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $502.53 on Tuesday. The business’s 50 day moving average price is $524.08 and its two-hundred day moving average price is $567.73. The company has a market cap of $115.86 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 0.92 and a beta of 0.10. The company has a quick ratio of 0.94, a current ratio of 1.14 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.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. During the same period in the previous year, the business earned $7.28 earnings per share. The business’s quarterly revenue was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, analysts predict that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 1st were issued a dividend of $3.45 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $13.80 annualized dividend and a yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is currently 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.