HighTower Advisors LLC Has $210.16 Million Stock Holdings in Lockheed Martin Corporation $LMT

HighTower Advisors LLC lifted its position in Lockheed Martin Corporation (NYSE:LMT) by 4.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 412,521 shares of the aerospace company’s stock after purchasing an additional 18,971 shares during the quarter. HighTower Advisors LLC owned 0.18% of Lockheed Martin worth $210,163,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LMT. United Financial Planning Group LLC bought a new stake in Lockheed Martin during the third quarter worth about $25,000. Basso Capital Management L.P. bought a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $25,000. Burnham & Co LLC bought a new position in shares of Lockheed Martin in the second quarter valued at approximately $25,000. Triumph Capital Management boosted its holdings in shares of Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 22 shares in the last quarter. Finally, Clarity Asset Management Inc. acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $26,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT stock opened at $524.58 on Monday. The company has a 50 day moving average price of $555.58 and a 200 day moving average price of $569.73. 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 current ratio of 1.19 and a quick ratio of 1.01. The stock has a market capitalization of $121.07 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 1.14 and a beta of 0.10.

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 analysts’ consensus estimates of $7.22 by $0.72. The firm had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Analysts forecast that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 50.87%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Morgan Stanley raised their price target on Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. UBS Group reissued a “neutral” rating and issued a $581.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. Wall Street Zen upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.