Lee Johnson Capital Management LLC Makes New $592,000 Investment in Lockheed Martin Corporation $LMT

Lee Johnson Capital Management LLC purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,162 shares of the aerospace company’s stock, valued at approximately $592,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LMT. BlackRock Inc. bought a new stake in shares of Lockheed Martin in the 2nd quarter valued at $9,617,574,000. Bank of New York Mellon Corp bought a new position in Lockheed Martin during the second quarter worth about $645,258,000. Diamant Asset Management Inc. grew its stake in Lockheed Martin by 60,339.0% in the first quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock valued at $531,493,000 after acquiring an additional 877,932 shares during the period. AQR Capital Management LLC grew its stake in Lockheed Martin by 107.3% in the fourth quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock valued at $625,784,000 after acquiring an additional 669,604 shares during the period. Finally, Deutsche Bank AG acquired a new position in Lockheed Martin in the second quarter valued at about $274,558,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT opened at $594.26 on Tuesday. The company has a market capitalization of $137.15 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 1.04 and a beta of 0.10. The business’s 50-day moving average price is $544.00 and its two-hundred day moving average price is $576.42. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00. 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 (NYSE:LMT) last posted its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping the consensus estimate of $7.22 by $0.72. The company had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.Lockheed Martin’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.3%. Lockheed Martin’s dividend payout ratio is 50.87%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LMT shares. JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Robert W. Baird set a $700.00 price objective on Lockheed Martin in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft lowered their target price on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research note on Friday, April 24th. TD Cowen dropped 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, Citigroup lifted their price target on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and a consensus target price of $632.39.

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.