Concurrent Investment Advisors LLC Boosts Stock Holdings in Lockheed Martin Corporation $LMT

Concurrent Investment Advisors LLC grew its holdings in Lockheed Martin Corporation (NYSE:LMT) by 41.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 29,733 shares of the aerospace company’s stock after buying an additional 8,726 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Lockheed Martin were worth $15,148,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. United Financial Planning Group LLC bought a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $25,000. Basso Capital Management L.P. acquired a new stake in shares of Lockheed Martin in the fourth quarter worth $25,000. Burnham & Co LLC purchased a new position in shares of Lockheed Martin during the second quarter worth $25,000. Triumph Capital Management raised its holdings in shares of Lockheed Martin by 66.7% during the fourth 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 last quarter. Finally, Clarity Asset Management Inc. acquired a new position in Lockheed Martin during the fourth quarter valued at $26,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $524.58 on Friday. The company has a market capitalization of $121.07 billion, a P/E ratio of 19.34, a P/E/G ratio of 1.16 and a beta of 0.10. The business’s 50 day moving average is $555.58 and its two-hundred day moving average is $570.30. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. Lockheed Martin Corporation has a 12-month low of $437.25 and a 12-month high of $692.00.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results 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 firm had revenue of $20.06 billion for 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 quarter last year, the company earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. Lockheed Martin’s payout ratio is currently 50.87%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LMT shares. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Wall Street Zen upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 29th. Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a research note on Monday, July 27th. Finally, Citigroup raised their target price on Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $632.39.

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.