Highland Capital Management LLC Buys 3,032 Shares of Lockheed Martin Corporation $LMT

Highland Capital Management LLC lifted its holdings in Lockheed Martin Corporation (NYSE:LMT) by 48.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,247 shares of the aerospace company’s stock after buying an additional 3,032 shares during the quarter. Highland Capital Management LLC’s holdings in Lockheed Martin were worth $4,472,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. United Financial Planning Group LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC grew its position in shares of Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 40 shares during the period. Grey Fox Wealth Advisors LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at approximately $27,000. Beacon Financial Strategies CORP acquired a new position in shares of Lockheed Martin in the 4th quarter valued at approximately $34,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at approximately $35,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LMT shares. Weiss Ratings lowered Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Sanford C. Bernstein upped their price target on Lockheed Martin from $654.00 to $661.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group upped their price target on Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a research report on Monday, February 2nd. UBS Group upped their price target on Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $632.58.

Lockheed Martin Trading Up 1.1%

NYSE LMT opened at $518.21 on Tuesday. The company has a market cap of $119.48 billion, a PE ratio of 25.09, a PEG ratio of 0.93 and a beta of 0.10. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $692.00. The stock has a 50 day moving average of $617.05 and a 200-day moving average of $553.72.

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). The company had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the company posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, equities research analysts anticipate that Lockheed Martin Corporation will post 29.91 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 2nd were issued a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, March 2nd. Lockheed Martin’s dividend payout ratio is presently 66.83%.

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.