Corient Private Wealth LP Makes New $101.96 Million Investment in Lockheed Martin Corporation $LMT

Corient Private Wealth LP bought a new position in Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 7,116,411 shares of the aerospace company’s stock, valued at approximately $101,960,000. Corient Private Wealth LP owned approximately 3.08% of Lockheed Martin as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. World Investment Advisors lifted its holdings in shares of Lockheed Martin by 54.7% during the fourth quarter. World Investment Advisors now owns 14,739 shares of the aerospace company’s stock valued at $7,129,000 after purchasing an additional 5,214 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Lockheed Martin by 5.4% in the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company’s stock worth $167,043,000 after purchasing an additional 14,150 shares in the last quarter. Secured Retirement Advisors LLC grew its stake in shares of Lockheed Martin by 288.6% in the 4th quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company’s stock worth $1,513,000 after buying an additional 2,323 shares during the last quarter. Norris Financial Group LLC purchased a new stake in shares of Lockheed Martin in the 1st quarter worth approximately $2,321,000. Finally, Legal Advantage Investments Inc. bought a new position in Lockheed Martin during the 1st quarter valued at approximately $1,451,000. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Citigroup lifted their price objective on Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. reduced their price target on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Wells Fargo & Company set a $600.00 price target on Lockheed Martin in a report on Monday, July 27th. Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Finally, TD Cowen dropped 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 note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $632.39.

Lockheed Martin Stock Performance

Shares of LMT opened at $565.68 on Thursday. The company has a market cap of $130.55 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 0.95 and a beta of 0.10. The business’s fifty day simple moving average is $549.59 and its two-hundred day simple moving average is $574.23. Lockheed Martin Corporation has a 12 month low of $437.25 and a 12 month high of $692.00. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34.

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

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors 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 is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 50.87%.

Lockheed Martin 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.