Cornerstone Capital Inc. Buys New Position in Lockheed Martin Corporation $LMT

Cornerstone Capital Inc. bought a new stake in Lockheed Martin Corporation (NYSE:LMT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,061 shares of the aerospace company’s stock, valued at approximately $541,000.

A number of other large investors have also recently bought and sold shares of LMT. Basso Capital Management L.P. bought a new stake in shares of Lockheed Martin in the fourth quarter worth $25,000. United Financial Planning Group LLC bought a new position in Lockheed Martin in the third quarter valued at $25,000. Clarity Asset Management Inc. bought a new position in Lockheed Martin in the fourth quarter valued at $26,000. Triumph Capital Management increased its stake in Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after buying an additional 22 shares during the last quarter. Finally, Bard Associates Inc. acquired a new stake in Lockheed Martin in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Susquehanna dropped their target price on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a report on Friday, April 24th. Royal Bank Of Canada raised their price target on Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. UBS Group reiterated a “neutral” rating and set a $581.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $632.39.

Lockheed Martin Trading Up 1.7%

Lockheed Martin stock opened at $608.21 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The stock has a 50-day simple moving average of $542.51 and a 200 day simple moving average of $576.46. The stock has a market capitalization of $140.37 billion, a P/E ratio of 22.42, a PEG ratio of 1.03 and a beta of 0.10. Lockheed Martin Corporation has a 52 week low of $436.46 and a 52 week high of $692.00.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data 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. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The company had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same period last year, the firm posted $1.46 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Analysts expect that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s payout ratio is currently 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.