Sandro Wealth Management LLC Takes $518,000 Position in Lockheed Martin Corporation $LMT

Sandro Wealth Management LLC acquired a new position in Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,017 shares of the aerospace company’s stock, valued at approximately $518,000.

Several other hedge funds have also recently added to or reduced their stakes in LMT. World Investment Advisors boosted its stake in Lockheed Martin by 54.7% during 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 in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Lockheed Martin by 5.4% in the first quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company’s stock valued at $167,043,000 after buying an additional 14,150 shares during the period. Secured Retirement Advisors LLC boosted its stake in Lockheed Martin by 288.6% during the fourth quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company’s stock valued at $1,513,000 after buying an additional 2,323 shares in the last quarter. Norris Financial Group LLC acquired a new position in Lockheed Martin during the first quarter worth about $2,321,000. Finally, Legal Advantage Investments Inc. acquired a new position in Lockheed Martin during the first quarter worth about $1,451,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 1.7%

Shares of LMT opened at $608.21 on Friday. The business’s 50-day moving average price is $542.51 and its 200 day moving average price is $576.46. The stock has a market capitalization of $140.37 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.04 and a beta of 0.10. Lockheed Martin Corporation has a 1-year low of $436.46 and a 1-year high of $692.00. 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 posted its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the previous year, the company earned $1.46 EPS. The business’s revenue for the quarter 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. Analysts expect that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LMT shares. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Susquehanna decreased their price target on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a research report on Friday, April 24th. Bank of America dropped their price target on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Finally, TD Cowen cut their price objective on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.