Texas Capital Bank Wealth Management Services Inc Buys Shares of 988 Lockheed Martin Corporation $LMT

Texas Capital Bank Wealth Management Services Inc bought a new stake in Lockheed Martin Corporation (NYSE:LMT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 988 shares of the aerospace company’s stock, valued at approximately $503,000.

Other institutional investors have also recently made changes to their positions in the company. World Investment Advisors grew its holdings in shares of Lockheed Martin by 54.7% during the fourth quarter. World Investment Advisors now owns 14,739 shares of the aerospace company’s stock worth $7,129,000 after buying an additional 5,214 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Lockheed Martin by 5.4% in the first quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company’s stock worth $167,043,000 after buying an additional 14,150 shares in the last quarter. Secured Retirement Advisors LLC lifted its stake in shares of Lockheed Martin by 288.6% in the fourth quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company’s stock worth $1,513,000 after buying an additional 2,323 shares in the last quarter. Norris Financial Group LLC purchased a new position in shares of Lockheed Martin in the first quarter worth about $2,321,000. Finally, Legal Advantage Investments Inc. acquired a new position in Lockheed Martin during the first quarter worth about $1,451,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Wall Street Zen cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a research report on Sunday, July 26th. Finally, UBS Group restated a “neutral” rating and issued a $581.00 price target on shares of Lockheed Martin in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $632.39.

Lockheed Martin Trading Down 2.4%

Shares of LMT stock opened at $594.26 on Tuesday. The company’s 50-day moving average price is $544.00 and its 200-day moving average price is $576.42. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The stock has a market cap of $137.15 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.04 and a beta of 0.10. Lockheed Martin Corporation has a twelve month low of $437.25 and a twelve month high of $692.00.

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. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the prior year, the firm posted $1.46 earnings per share. Lockheed Martin’s quarterly revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s payout ratio is presently 50.87%.

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.