Stoneridge Investment Partners LLC Makes New Investment in Lockheed Martin Corporation $LMT

Stoneridge Investment Partners LLC purchased a new position in Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,657 shares of the aerospace company’s stock, valued at approximately $966,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. TFR Capital LLC. acquired a new position in shares of Lockheed Martin during the second quarter valued at approximately $246,000. Family Legacy Inc. bought a new stake in Lockheed Martin during the second quarter worth approximately $4,368,000. Clearstead Trust LLC acquired a new stake in Lockheed Martin in the second quarter worth approximately $376,000. Maridea Wealth Management LLC acquired a new stake in Lockheed Martin in the second quarter worth approximately $817,000. Finally, Bridgewater Advisors Inc. acquired a new stake in Lockheed Martin in the second quarter worth approximately $896,000. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on LMT. Jefferies Financial Group reiterated a “hold” rating on shares of Lockheed Martin in a research report on Sunday, July 26th. UBS Group restated a “neutral” rating and issued a $581.00 price objective on shares of Lockheed Martin in a report on Friday, July 24th. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a report on Friday, July 24th. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Morgan Stanley boosted their target price on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Lockheed Martin has an average rating of “Hold” and an average target price of $632.39.

Lockheed Martin Stock Up 1.7%

Shares of Lockheed Martin stock opened at $608.21 on Friday. The stock’s fifty day moving average is $542.51 and its 200-day moving average is $576.46. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $140.37 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.04 and a beta of 0.10. Lockheed Martin Corporation has a 12-month low of $436.46 and a 12-month high of $692.00.

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

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be given 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 payout ratio is presently 50.87%.

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.