Tudor Financial Inc. Decreases Stock Holdings in Lockheed Martin Corporation $LMT

Tudor Financial Inc. lowered its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 89.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 986 shares of the aerospace company’s stock after selling 8,080 shares during the quarter. Tudor Financial Inc.’s holdings in Lockheed Martin were worth $503,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Basso Capital Management L.P. purchased a new position in Lockheed Martin in the fourth quarter worth about $25,000. Burnham & Co LLC purchased a new stake in Lockheed Martin during the second quarter valued at approximately $25,000. United Financial Planning Group LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $25,000. Clarity Asset Management Inc. bought a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $26,000. Finally, Field & Main Bank purchased a new position in shares of Lockheed Martin in the 2nd quarter worth approximately $26,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Citigroup boosted their target price on Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Morgan Stanley raised their price target on Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a research note on Wednesday. Robert W. Baird set a $700.00 price objective on shares of Lockheed Martin in a research report on Friday, July 24th. Finally, Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. One equities 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $632.39.

Lockheed Martin Price Performance

LMT opened at $532.45 on Friday. The business has a fifty day moving average of $555.22 and a 200 day moving average of $570.63. The stock has a market cap of $122.88 billion, a P/E ratio of 19.63, a PEG ratio of 1.16 and a beta of 0.10. 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.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be given a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. Lockheed Martin’s dividend payout ratio (DPR) is 50.87%.

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.