58,931 Shares in Lockheed Martin Corporation $LMT Purchased by Glenview Trust Co

Glenview Trust Co bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, HoldingsChannel reports. The fund bought 58,931 shares of the aerospace company’s stock, valued at approximately $35,617,000.

A number of other hedge funds have also recently made changes to their positions in LMT. IAG Wealth Partners LLC boosted its position in shares of Lockheed Martin by 4,800.0% during the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock worth $30,000 after buying an additional 48 shares during the period. Burnham & Co LLC purchased a new position in shares of Lockheed Martin in the second quarter valued at approximately $25,000. United Financial Planning Group LLC purchased a new stake in Lockheed Martin during the 3rd quarter worth approximately $25,000. Basso Capital Management L.P. purchased a new position in Lockheed Martin in the 4th quarter valued at approximately $25,000. Finally, Clarity Asset Management Inc. purchased a new stake in shares of Lockheed Martin during the fourth quarter worth $26,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on LMT. UBS Group reaffirmed a “neutral” rating and issued a $581.00 target price on shares of Lockheed Martin in a report on Friday, July 24th. Royal Bank Of Canada boosted their target price on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. Citigroup upped their target price on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a report on Thursday, August 13th. JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. One 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 stock. According to MarketBeat, Lockheed Martin presently has an average rating of “Hold” and an average target price of $632.39.

Lockheed Martin Stock Up 0.0%

LMT opened at $565.81 on Friday. The business has a 50 day simple moving average of $550.67 and a 200-day simple moving average of $573.82. The stock has a market capitalization of $130.58 billion, a P/E ratio of 20.86, a P/E/G ratio of 0.97 and a beta of 0.10. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. Lockheed Martin Corporation has a 12 month low of $437.25 and a 12 month high of $692.00.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating 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 net margin of 8.16% and a return on equity of 91.42%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities analysts anticipate that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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