Shepherd Financial Partners LLC Invests $4.66 Million in Lockheed Martin Corporation $LMT

Shepherd Financial Partners LLC purchased a new stake in Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,146 shares of the aerospace company’s stock, valued at approximately $4,659,000.

Other large investors have also made changes to their positions in the company. Basso Capital Management L.P. acquired a new stake in Lockheed Martin during the 4th quarter worth $25,000. United Financial Planning Group LLC acquired a new position in Lockheed Martin in the third quarter valued at about $25,000. Clarity Asset Management Inc. bought a new stake in shares of Lockheed Martin in the fourth quarter worth about $26,000. Triumph Capital Management increased its holdings in shares of Lockheed Martin by 66.7% in the fourth 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, Bard Associates Inc. bought a new stake in shares of Lockheed Martin in the fourth quarter worth about $27,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 2.9%

Lockheed Martin stock opened at $589.47 on Thursday. The company has a market cap of $136.04 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 1.04 and a beta of 0.10. Lockheed Martin Corporation has a 1-year low of $437.25 and a 1-year high of $692.00. The company has a fifty day simple moving average of $546.85 and a 200 day simple moving average of $576.25. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same period in the previous year, the business earned $1.46 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Research analysts anticipate that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is presently 50.87%.

Analysts Set New Price Targets

LMT has been the topic of several recent analyst reports. Wall Street Zen cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. JPMorgan Chase & Co. lowered their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Robert W. Baird set a $700.00 target price on shares of Lockheed Martin in a report on Friday, July 24th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a research note on Sunday, July 26th. Finally, Wells Fargo & Company set a $600.00 price target on shares of Lockheed Martin in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $632.39.

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.