Old West Investment Management LLC Makes New $24.68 Million Investment in Lockheed Martin Corporation $LMT

Old West Investment Management LLC purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 48,441 shares of the aerospace company’s stock, valued at approximately $24,679,000. Lockheed Martin makes up 2.6% of Old West Investment Management LLC’s investment portfolio, making the stock its 4th largest position.

Several other institutional investors have also made changes to their positions in the company. IAG Wealth Partners LLC increased its holdings in Lockheed Martin by 4,800.0% in the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock worth $30,000 after buying an additional 48 shares during the last quarter. United Financial Planning Group LLC bought a new position in Lockheed Martin during the third quarter valued at approximately $25,000. Basso Capital Management L.P. acquired a new stake in Lockheed Martin in the fourth quarter valued at approximately $25,000. Clarity Asset Management Inc. acquired a new stake in Lockheed Martin in the fourth quarter valued at approximately $26,000. Finally, TD Capital Management LLC grew its position in Lockheed Martin by 450.0% in the fourth quarter. TD Capital Management LLC now owns 55 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 45 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LMT. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a research note on Friday, July 24th. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Wells Fargo & Company set a $600.00 price objective on shares of Lockheed Martin in a report on Monday, July 27th. BNP Paribas Exane lowered their target price on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $632.39.

Lockheed Martin Stock Down 0.1%

Shares of Lockheed Martin stock opened at $608.21 on Monday. The stock has a market capitalization of $140.37 billion, a P/E ratio of 22.42, a PEG ratio of 1.04 and a beta of 0.10. 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 stock has a 50 day moving average price of $542.51 and a two-hundred day moving average price of $576.42. Lockheed Martin Corporation has a 12-month low of $436.46 and a 12-month high of $692.00.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating 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 company had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter last year, the company posted $1.46 earnings per share. The company’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. Equities 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 announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be paid a $3.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.3%. Lockheed Martin’s dividend payout ratio (DPR) is presently 50.87%.

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.