Pinebridge Investments LLC Invests $10.68 Million in Lockheed Martin Corporation $LMT

Pinebridge Investments LLC acquired a new position in Lockheed Martin Corporation (NYSE:LMT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 22,079 shares of the aerospace company’s stock, valued at approximately $10,679,000.

Other hedge funds have also recently made changes to their positions in the company. United Financial Planning Group LLC bought a new position in shares of Lockheed Martin in the third quarter worth about $25,000. Tucker Asset Management LLC bought a new position in shares of Lockheed Martin in the fourth quarter worth about $32,000. Beacon Financial Strategies CORP bought a new position in shares of Lockheed Martin during the 4th quarter valued at about $34,000. Wexford Capital LP bought a new position in shares of Lockheed Martin during the 3rd quarter valued at about $36,000. Finally, Torren Management LLC bought a new position in shares of Lockheed Martin during the 4th quarter valued at about $38,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.0%

Shares of NYSE:LMT opened at $524.13 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $692.00. The company has a 50-day moving average price of $556.10 and a 200 day moving average price of $560.17. The company has a market cap of $120.84 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 0.95 and a beta of 0.10.

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

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be issued a $3.45 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. Lockheed Martin’s dividend payout ratio (DPR) is presently 66.83%.

Wall Street Analysts Forecast Growth

Several research firms have commented on LMT. Jefferies Financial Group reissued a “hold” rating and set a $595.00 price objective on shares of Lockheed Martin in a report on Sunday, April 26th. Wells Fargo & Company began coverage on shares of Lockheed Martin in a report on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Susquehanna dropped their price objective on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a report on Friday, April 24th. Finally, Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $620.68.

Lockheed Martin 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.