Ieq Capital LLC Acquires Shares of 66,452 Lockheed Martin Corporation $LMT

Ieq Capital LLC acquired a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, HoldingsChannel reports. The firm acquired 66,452 shares of the aerospace company’s stock, valued at approximately $33,855,000.

Other large investors have also recently made changes to their positions in the company. Burnham & Co LLC purchased a new stake in shares of Lockheed Martin in the second quarter worth about $25,000. Callan Family Office LLC purchased a new position in Lockheed Martin during the 2nd quarter valued at approximately $5,808,000. Manhattan West Asset Management LLC bought a new stake in Lockheed Martin in the 2nd quarter worth approximately $431,000. Keebeck Wealth Management bought a new stake in Lockheed Martin in the 2nd quarter worth approximately $588,000. Finally, Blue Capital Inc. purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $316,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Down 1.2%

Shares of LMT opened at $564.61 on Friday. The business has a fifty day moving average of $547.80 and a 200 day moving average of $575.73. The company has a market cap of $130.31 billion, a PE ratio of 20.81, a P/E/G ratio of 0.98 and a beta of 0.10. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. The firm had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, sell-side analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be given a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s payout ratio is 50.87%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LMT shares. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a report on Sunday, July 26th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a report on Friday, May 29th. Finally, BNP Paribas Exane decreased their target price on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $632.39.

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.