3,180 Shares in Lockheed Martin Corporation $LMT Bought by Kerrisdale Advisers LLC

Kerrisdale Advisers LLC purchased a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 3,180 shares of the aerospace company’s stock, valued at approximately $1,620,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Lockheed Martin during the 2nd quarter worth about $9,617,574,000. Corient Private Wealth LP acquired a new stake in Lockheed Martin in the 2nd quarter valued at approximately $101,960,000. Bank of New York Mellon Corp bought a new position in Lockheed Martin in the 2nd quarter worth approximately $645,258,000. Legal & General Group Plc bought a new position in Lockheed Martin in the 2nd quarter worth approximately $497,469,000. Finally, Diamant Asset Management Inc. lifted its holdings in shares of Lockheed Martin by 60,339.0% during the first quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock worth $531,493,000 after buying an additional 877,932 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $563.82 on Monday. The firm has a market cap of $130.12 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10. The firm’s 50-day simple moving average is $551.70 and its 200-day simple moving average is $573.30. Lockheed Martin Corporation has a twelve month low of $437.25 and a twelve month high of $692.00. 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 earnings per share (EPS) 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 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 prior year, the business posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, research analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently weighed in on LMT. TD Cowen reduced their price objective on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Morgan Stanley upped their target price on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. UBS Group reissued a “neutral” rating and issued a $581.00 price target on shares of Lockheed Martin in a report on Friday, July 24th. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a report on Sunday, July 26th. Finally, Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus 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.