Oppenheimer Asset Management Inc. Makes New Investment in Lockheed Martin Corporation $LMT

Oppenheimer Asset Management Inc. bought a new position in Lockheed Martin Corporation (NYSE:LMT) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 25,823 shares of the aerospace company’s stock, valued at approximately $13,156,000.

Several other institutional investors also recently modified their holdings of the business. Basso Capital Management L.P. bought a new position in Lockheed Martin in the 4th quarter valued at $25,000. United Financial Planning Group LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter valued at $25,000. Clarity Asset Management Inc. bought a new stake in shares of Lockheed Martin during the 4th quarter worth $26,000. Triumph Capital Management raised its stake 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 during the period. Finally, Bard Associates Inc. purchased a new position in shares of Lockheed Martin in the 4th quarter worth about $27,000. 74.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on LMT. Citigroup increased their price target on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. TD Cowen dropped their target price on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. Sanford C. Bernstein reissued a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $632.39.

Lockheed Martin Stock Up 1.7%

LMT stock opened at $608.21 on Friday. The stock has a fifty day moving average of $542.51 and a 200-day moving average of $576.46. Lockheed Martin Corporation has a fifty-two week low of $436.46 and a fifty-two week high of $692.00. The company has a market capitalization of $140.37 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.03 and a beta of 0.10. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. The business had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities research analysts predict that Lockheed Martin Corporation will post 30.39 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, September 25th. Stockholders of record on Tuesday, September 1st will be given a $3.45 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. Lockheed Martin’s payout ratio is 50.87%.

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.