Man Group plc Buys Shares of 6,709 Lockheed Martin Corporation $LMT

Man Group plc purchased a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, HoldingsChannel reports. The firm purchased 6,709 shares of the aerospace company’s stock, valued at approximately $3,418,000.

Several other large investors have also recently made changes to their positions in the stock. Basso Capital Management L.P. purchased a new stake in Lockheed Martin in the fourth quarter valued at approximately $25,000. Burnham & Co LLC acquired a new stake in shares of Lockheed Martin in the second quarter valued at $25,000. United Financial Planning Group LLC purchased a new stake in shares of Lockheed Martin in the 3rd quarter valued at $25,000. Clarity Asset Management Inc. acquired a new position in Lockheed Martin during the 4th quarter worth about $26,000. Finally, Triumph Capital Management boosted its holdings in 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 period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 0.4%

LMT stock opened at $561.83 on Tuesday. The company’s 50 day moving average price is $553.07 and its 200 day moving average price is $572.82. The firm has a market capitalization of $129.66 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week 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 issued 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. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the previous year, the firm earned $1.46 earnings per share. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities research analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors 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 2.5%. Lockheed Martin’s payout ratio is presently 50.87%.

Analysts Set New Price Targets

A number of brokerages have issued reports on LMT. Citigroup boosted their price target on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a report on Sunday, July 26th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. TD Cowen reduced their target price on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Finally, Wells Fargo & Company set a $600.00 price target on shares of Lockheed Martin in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.