Van ECK Associates Corp Sells 511,358 Shares of Lockheed Martin Corporation $LMT

Van ECK Associates Corp cut its stake in Lockheed Martin Corporation (NYSE:LMT) by 93.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,574 shares of the aerospace company’s stock after selling 511,358 shares during the quarter. Van ECK Associates Corp’s holdings in Lockheed Martin were worth $18,124,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of Lockheed Martin by 5.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after buying an additional 50 shares during the last quarter. Schnieders Capital Management LLC. grew its position in shares of Lockheed Martin by 17.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock worth $676,000 after buying an additional 215 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Lockheed Martin by 36.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock worth $1,042,000 after acquiring an additional 595 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Lockheed Martin by 18.2% during the 2nd quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company’s stock worth $40,092,000 after acquiring an additional 13,300 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Down 0.0%

Lockheed Martin stock opened at $563.82 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00. The company has a market capitalization of $130.12 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10. The stock has a 50-day moving average price of $551.70 and a 200 day moving average price of $573.30.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. The company 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%. Lockheed Martin’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the firm posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Sell-side analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.4%. Lockheed Martin’s dividend payout ratio (DPR) is presently 50.87%.

Wall Street Analyst Weigh In

LMT has been the subject of several recent analyst reports. Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Jefferies Financial Group reiterated a “hold” rating on shares of Lockheed Martin in a research note on Sunday, July 26th. Citigroup boosted their price target on Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, Wells Fargo & Company set a $600.00 price objective on shares of Lockheed Martin in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $632.39.

About Lockheed Martin

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.