SteelPeak Wealth LLC Purchases 1,152 Shares of Lockheed Martin Corporation $LMT

SteelPeak Wealth LLC raised its position in Lockheed Martin Corporation (NYSE:LMT) by 128.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 2,051 shares of the aerospace company’s stock after purchasing an additional 1,152 shares during the period. SteelPeak Wealth LLC’s holdings in Lockheed Martin were worth $1,239,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LMT. Brighton Jones LLC grew its holdings in shares of Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after buying an additional 191 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Lockheed Martin by 5.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock valued at $451,000 after acquiring an additional 50 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in Lockheed Martin by 17.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock valued at $676,000 after acquiring an additional 215 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in Lockheed Martin by 36.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock worth $1,042,000 after acquiring an additional 595 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Lockheed Martin by 18.2% during the 2nd quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company’s stock worth $40,092,000 after acquiring an additional 13,300 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Down 0.9%

NYSE:LMT opened at $508.93 on Friday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00. The firm has a market capitalization of $117.34 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 0.92 and a beta of 0.11. 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’s 50 day moving average price is $521.95 and its two-hundred day moving average price is $571.52.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing the consensus estimate of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The company 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 posted $7.28 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities research analysts expect that Lockheed Martin Corporation will post 29.94 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 1st were paid a $3.45 dividend. The ex-dividend date was Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is currently 66.83%.

Trending Headlines about Lockheed Martin

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Lockheed Martin won a major U.S. Special Operations Command logistics and sustainment contract, adding to its defense backlog and improving revenue visibility. Lockheed Martin to Provide Next-Generation Logistics and Sustainment Support for U.S. Special Operations Command Under New Contract
• Positive Sentiment: The company is expanding missile production under new U.S. agreements, benefiting from rising demand for air and missile defense systems. Can Lockheed Martin’s Missile Defense Business Power Long-Term Growth?
• Positive Sentiment: Lockheed Martin Ventures is opening a London office and earmarking at least $100 million for investments in U.K. and European defense technologies, which could strengthen its long-term innovation pipeline. Lockheed Martin Earmarks $100 Million for Venture Capital Investments in U.K., Europe

Analysts Set New Price Targets

A number of analysts have recently issued reports on LMT shares. Bank of America lowered their price objective on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Citigroup upgraded shares of Lockheed Martin from a “neutral” rating to a “buy” rating and increased their target price for the stock from $571.00 to $582.00 in a report on Wednesday, July 1st. TD Cowen decreased their target price on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Morgan Stanley lowered their price target on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Finally, Royal Bank Of Canada cut their price target on shares of Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Lockheed Martin has an average rating of “Hold” and a consensus price target of $607.58.

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.