Logan Capital Management Inc. Has $4.62 Million Position in Lockheed Martin Corporation $LMT

Logan Capital Management Inc. lowered its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,555 shares of the aerospace company’s stock after selling 1,250 shares during the quarter. Logan Capital Management Inc.’s holdings in Lockheed Martin were worth $4,622,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Welch Group LLC boosted its stake in shares of Lockheed Martin by 1.5% during the 4th quarter. Welch Group LLC now owns 132,684 shares of the aerospace company’s stock worth $64,175,000 after acquiring an additional 1,999 shares during the period. Jain Global LLC bought a new stake in Lockheed Martin in the 3rd quarter valued at $38,064,000. Clough Capital Partners L P bought a new stake in Lockheed Martin in the 3rd quarter valued at $31,018,000. Secured Retirement Advisors LLC boosted its stake in Lockheed Martin by 288.6% in the 4th quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company’s stock valued at $1,513,000 after purchasing an additional 2,323 shares during the period. Finally, World Investment Advisors boosted its stake in Lockheed Martin by 54.7% in the 4th quarter. World Investment Advisors now owns 14,739 shares of the aerospace company’s stock valued at $7,129,000 after purchasing an additional 5,214 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Jefferies Financial Group restated a “hold” rating and issued a $595.00 price target on shares of Lockheed Martin in a research note on Sunday, April 26th. TD Cowen reduced their price target on Lockheed Martin from $670.00 to $600.00 and set a “hold” rating for the company in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft cut their target price on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Bank of America cut their target price on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Finally, Royal Bank Of Canada lowered their price target on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating for the company in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and an average target price of $620.68.

Lockheed Martin Price Performance

Shares of LMT opened at $548.92 on Friday. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $692.00. The business has a 50-day simple moving average of $549.70 and a two-hundred day simple moving average of $562.57. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The stock has a market cap of $126.56 billion, a PE ratio of 26.58, a PEG ratio of 0.95 and a beta of 0.10.

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

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be given a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, June 1st. Lockheed Martin’s payout ratio is 66.83%.

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.