Northwestern Mutual Wealth Management Co. Buys New Stake in Lockheed Martin Corporation $LMT

Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 44,726 shares of the aerospace company’s stock, valued at approximately $22,786,000.

Other large investors have also recently made changes to their positions in the company. Basso Capital Management L.P. purchased a new position in Lockheed Martin during the 4th quarter valued at approximately $25,000. Burnham & Co LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $25,000. United Financial Planning Group LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $25,000. Clarity Asset Management Inc. bought a new position in shares of Lockheed Martin during the 4th quarter valued at approximately $26,000. Finally, Triumph Capital Management boosted 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 acquiring an additional 22 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LMT has been the topic of several research reports. UBS Group restated a “neutral” rating and issued a $581.00 price target on shares of Lockheed Martin in a research report on Friday, July 24th. TD Cowen decreased their target price 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. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a report on Friday, May 29th. Wells Fargo & Company set a $600.00 price objective on Lockheed Martin in a research note on Monday, July 27th. Finally, Robert W. Baird set a $700.00 price objective on Lockheed Martin in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and a consensus price target of $632.39.

Lockheed Martin Stock Down 1.2%

Shares of NYSE LMT opened at $564.61 on Friday. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00. The firm has a market capitalization of $130.31 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 0.97 and a beta of 0.10. The stock has a 50 day moving average price of $547.80 and a 200 day moving average price of $575.73. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating the consensus estimate of $7.22 by $0.72. The business had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Sell-side analysts expect that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is currently 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.