IFP Advisors Inc Acquires 1,448 Shares of Lockheed Martin Corporation $LMT

IFP Advisors Inc increased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,188 shares of the aerospace company’s stock after purchasing an additional 1,448 shares during the quarter. IFP Advisors Inc’s holdings in Lockheed Martin were worth $5,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of LMT. Midwest Professional Planners LTD. boosted its position in Lockheed Martin by 10.3% during the 4th quarter. Midwest Professional Planners LTD. now owns 9,850 shares of the aerospace company’s stock valued at $4,764,000 after acquiring an additional 917 shares in the last quarter. Providence Wealth Advisors LLC bought a new stake in Lockheed Martin during the 4th quarter valued at approximately $203,000. Creative Financial Designs Inc. ADV boosted its position in Lockheed Martin by 80.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 4,413 shares of the aerospace company’s stock valued at $2,134,000 after acquiring an additional 1,962 shares in the last quarter. Harvest Portfolios Group Inc. boosted its position in Lockheed Martin by 21.2% during the 4th quarter. Harvest Portfolios Group Inc. now owns 5,362 shares of the aerospace company’s stock valued at $2,593,000 after acquiring an additional 938 shares in the last quarter. Finally, Gables Capital Management Inc. boosted its position in Lockheed Martin by 3.9% during the 4th quarter. Gables Capital Management Inc. now owns 1,976 shares of the aerospace company’s stock valued at $956,000 after acquiring an additional 75 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on LMT shares. Susquehanna cut their price objective on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a research report on Friday, April 24th. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Jefferies Financial Group reaffirmed a “hold” rating and set a $595.00 price objective on shares of Lockheed Martin in a research report on Sunday, April 26th. The Goldman Sachs Group lifted their price objective on Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a research report on Monday, February 2nd. Finally, BNP Paribas Exane cut their price objective on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $620.68.

Lockheed Martin Stock Performance

Shares of LMT opened at $522.32 on Thursday. 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 business’s 50 day moving average price is $582.60 and its 200-day moving average price is $555.98. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The stock has a market cap of $120.43 billion, a P/E ratio of 25.29, a P/E/G ratio of 0.95 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The company had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. During the same period in the prior year, the firm earned $7.28 earnings per share. The business’s revenue for the quarter 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 anticipate that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be given a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin’s payout ratio is currently 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.