PTM Wealth Management LLC Buys Shares of 879 Lockheed Martin Corporation $LMT

PTM Wealth Management LLC bought a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 879 shares of the aerospace company’s stock, valued at approximately $512,000. Lockheed Martin accounts for about 0.2% of PTM Wealth Management LLC’s portfolio, making the stock its 21st largest holding.

A number of other hedge funds also recently modified their holdings of LMT. Basso Capital Management L.P. bought a new position in Lockheed Martin during the fourth quarter valued at $25,000. United Financial Planning Group LLC bought a new stake in shares of Lockheed Martin in the third quarter valued at $25,000. Clarity Asset Management Inc. purchased a new position in shares of Lockheed Martin during the 4th quarter valued at $26,000. Triumph Capital Management lifted its position in shares of Lockheed Martin by 66.7% during the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after buying an additional 22 shares during the last quarter. Finally, Bard Associates Inc. bought a new position in shares of Lockheed Martin during the 4th quarter worth $27,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 1.7%

LMT opened at $608.21 on Friday. The business has a 50 day simple moving average of $542.51 and a two-hundred day simple moving average of $576.46. The firm has a market capitalization of $140.37 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.04 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. Lockheed Martin Corporation has a one year low of $436.46 and a one year high of $692.00.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $19.34 billion. During the same period last year, the company earned $1.46 EPS. The business’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. Analysts predict that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be given a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is currently 50.87%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LMT. TD Cowen lowered their price target on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. JPMorgan Chase & Co. lowered their target price 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. Susquehanna cut their target price on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research report on Friday, April 24th. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a research report on Monday, July 27th. Finally, Bank of America reduced their price target on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.