IFP Advisors Inc Increases Stock Position in Lockheed Martin Corporation $LMT

IFP Advisors Inc increased its position in Lockheed Martin Corporation (NYSE:LMT) by 13.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,188 shares of the aerospace company’s stock after acquiring an additional 1,448 shares during the period. IFP Advisors Inc’s holdings in Lockheed Martin were worth $5,895,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. United Financial Planning Group LLC purchased a new position in Lockheed Martin in the 3rd quarter worth approximately $25,000. Grey Fox Wealth Advisors LLC purchased a new stake in Lockheed Martin during the 3rd quarter valued at $27,000. Tucker Asset Management LLC purchased a new stake in Lockheed Martin during the 4th quarter valued at $32,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Lockheed Martin during the 3rd quarter valued at $35,000. Finally, Beacon Financial Strategies CORP purchased a new stake in Lockheed Martin during the 4th quarter valued at $34,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Argus boosted their target price on shares of Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Wall Street Zen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Bank of America decreased their target price on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Truist Financial boosted their target price on shares of Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, UBS Group boosted their target price on shares of Lockheed Martin from $580.00 to $663.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $620.68.

Lockheed Martin Trading Down 0.8%

Shares of LMT stock opened at $522.32 on Thursday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $692.00. The firm has a fifty day moving average price of $582.60 and a 200-day moving average price of $555.98. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. The company has a market cap of $120.43 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 0.95 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The company had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. During the same period in the previous year, the firm earned $7.28 earnings per share. The firm’s quarterly revenue was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, equities analysts predict that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be given a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin’s payout ratio is presently 66.83%.

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.