Kingdom Financial Group LLC. Acquires New Stake in Lockheed Martin Corporation $LMT

Kingdom Financial Group LLC. bought a new position in Lockheed Martin Corporation (NYSE:LMT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,205 shares of the aerospace company’s stock, valued at approximately $583,000.

Other large investors have also bought and sold shares of the company. United Financial Planning Group LLC purchased a new position in Lockheed Martin in the third quarter worth about $25,000. Grey Fox Wealth Advisors LLC purchased a new position in Lockheed Martin in the third quarter worth about $27,000. Tucker Asset Management LLC purchased a new position in Lockheed Martin in the fourth quarter worth about $32,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Lockheed Martin in the third quarter worth about $35,000. Finally, Beacon Financial Strategies CORP purchased a new position in Lockheed Martin in the fourth quarter worth about $34,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Trading Up 0.0%

Shares of LMT stock opened at $522.67 on Friday. The firm’s 50 day moving average is $580.03 and its 200 day moving average is $556.19. The stock has a market capitalization of $120.51 billion, a P/E ratio of 25.31, a P/E/G ratio of 0.95 and a beta of 0.10. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $692.00. 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 (NYSE:LMT) last released its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The firm had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Research analysts expect that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, June 1st. Lockheed Martin’s dividend payout ratio is 66.83%.

Wall Street Analysts Forecast Growth

LMT has been the subject of several recent analyst reports. Argus lifted their target price on shares of Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a report on Friday, March 6th. DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $595.00 price target on shares of Lockheed Martin in a report on Sunday, April 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and an average target price of $620.68.

About Lockheed Martin

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.