Ieq Capital LLC Has $36.92 Million Stock Position in Lockheed Martin Corporation $LMT

Ieq Capital LLC raised its holdings in Lockheed Martin Corporation (NYSE:LMT) by 239.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 76,327 shares of the aerospace company’s stock after acquiring an additional 53,827 shares during the period. Ieq Capital LLC’s holdings in Lockheed Martin were worth $36,918,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LMT. United Financial Planning Group LLC acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $25,000. Triumph Capital Management grew its holdings in shares of Lockheed Martin by 66.7% during the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 22 shares in the last quarter. Tucker Asset Management LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $32,000. Beacon Financial Strategies CORP acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $34,000. Finally, Wexford Capital LP acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT stock opened at $539.94 on Friday. The stock’s fifty day simple moving average is $548.13 and its 200 day simple moving average is $562.41. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. The firm has a market cap of $124.49 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 0.99 and a beta of 0.10. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $692.00.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results 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%. Lockheed Martin’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, analysts expect 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. Investors of record on Monday, June 1st will be paid a $3.45 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $13.80 annualized dividend and a yield of 2.6%. Lockheed Martin’s payout ratio is currently 66.83%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Jefferies Financial Group reissued a “hold” rating and set a $595.00 price objective on shares of Lockheed Martin in a report on Sunday, April 26th. BNP Paribas Exane decreased their price objective on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. Susquehanna decreased their price objective on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a report on Friday, April 24th. Sanford C. Bernstein reissued a “market perform” rating on shares of Lockheed Martin in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. decreased their price objective on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $620.68.

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.