Perryman Financial Advisory Inc. AD Takes $6.49 Million Position in Lockheed Martin Corporation $LMT

Perryman Financial Advisory Inc. AD bought a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 13,410 shares of the aerospace company’s stock, valued at approximately $6,486,000.

A number of other institutional investors have also recently made changes to their positions in LMT. Morgan Stanley boosted its stake in shares of Lockheed Martin by 10.1% in the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock worth $2,770,729,000 after acquiring an additional 527,523 shares during the last quarter. Sanders Capital LLC acquired a new stake in shares of Lockheed Martin in the third quarter worth approximately $252,699,000. First Trust Advisors LP boosted its stake in shares of Lockheed Martin by 286.1% in the third quarter. First Trust Advisors LP now owns 503,428 shares of the aerospace company’s stock worth $251,316,000 after acquiring an additional 373,027 shares during the last quarter. Canoe Financial LP acquired a new stake in shares of Lockheed Martin in the fourth quarter worth approximately $166,403,000. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Lockheed Martin by 261.8% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 454,354 shares of the aerospace company’s stock worth $219,757,000 after acquiring an additional 328,767 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. TD Cowen lowered their price target on Lockheed Martin from $670.00 to $600.00 and set a “hold” rating on the stock in a research note on Friday, April 24th. BNP Paribas Exane lowered their price target on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Royal Bank Of Canada lowered their price target on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a research note on Friday, April 24th. Susquehanna lowered their price target on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a research note on Friday, April 24th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $620.68.

Lockheed Martin Stock Performance

NYSE LMT opened at $539.94 on Monday. The stock’s fifty day moving average is $548.13 and its two-hundred day moving average is $563.19. The firm has a market capitalization of $124.49 billion, a P/E ratio of 26.15, a price-to-earnings-growth ratio of 0.98 and a beta of 0.10. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week 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). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. During the same period last year, the company earned $7.28 EPS. The business’s revenue for the quarter was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, research analysts anticipate that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared 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 of this dividend is Monday, June 1st. Lockheed Martin’s dividend payout ratio is 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.