Perigon Wealth Management LLC Acquires Shares of 19,089 Lockheed Martin Corporation $LMT

Perigon Wealth Management LLC acquired a new stake in Lockheed Martin Corporation (NYSE:LMT) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 19,089 shares of the aerospace company’s stock, valued at approximately $9,725,000.

Several other institutional investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new position in shares of Lockheed Martin in the second quarter worth $645,258,000. Diamant Asset Management Inc. boosted its position in shares of Lockheed Martin by 60,339.0% during the first quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock valued at $531,493,000 after buying an additional 877,932 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Lockheed Martin by 107.3% during 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 buying an additional 669,604 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Lockheed Martin in the 2nd quarter worth about $268,757,000. Finally, Morgan Stanley increased its holdings in Lockheed Martin by 10.1% in the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock worth $2,770,729,000 after buying an additional 527,523 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Down 2.4%

LMT stock opened at $594.26 on Tuesday. The business’s 50-day moving average is $544.00 and its two-hundred day moving average is $576.42. The company has a market cap 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. 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 quick ratio of 1.01 and a current ratio of 1.19.

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

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be paid a $3.45 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.3%. Lockheed Martin’s dividend payout ratio is 50.87%.

Analysts Set New Price Targets

Several research firms have issued reports on LMT. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research note on Friday, April 24th. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Robert W. Baird set a $700.00 price objective on shares of Lockheed Martin in a research report on Friday, July 24th. Finally, Citigroup raised their target price on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus 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.