Lockheed Martin Corporation $LMT Shares Purchased by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 1,058.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 9,291 shares of the aerospace company’s stock after purchasing an additional 8,489 shares during the period. Sax Wealth Advisors LLC’s holdings in Lockheed Martin were worth $4,731,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Lockheed Martin in the second quarter worth approximately $9,617,574,000. Corient Private Wealth LP bought a new position in shares of Lockheed Martin during the 2nd quarter valued at $101,960,000. Bank of New York Mellon Corp bought a new position in shares of Lockheed Martin during the 2nd quarter valued at $645,258,000. Legal & General Group Plc bought a new position in shares of Lockheed Martin during the 2nd quarter valued at $497,469,000. Finally, Diamant Asset Management Inc. lifted its stake in shares of Lockheed Martin by 60,339.0% in the 1st quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock valued at $531,493,000 after purchasing an additional 877,932 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of recent research reports. Barclays initiated coverage on shares of Lockheed Martin in a report on Friday. They issued an “equal weight” rating and a $554.00 price objective for the company. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a report on Monday, July 27th. Royal Bank Of Canada boosted their price target on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Finally, Rothschild & Co Redburn assumed coverage on Lockheed Martin in a research report on Tuesday, October 6th. They issued a “buy” rating and a $650.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $634.50.

Lockheed Martin Stock Performance

LMT stock traded down $7.38 during mid-day trading on Tuesday, reaching $504.50. 388,378 shares of the stock traded hands, compared to its average volume of 1,438,360. The firm has a market capitalization of $116.43 billion, a PE ratio of 18.60, a P/E/G ratio of 1.11 and a beta of 0.09. The business has a 50-day moving average of $546.39 and a two-hundred day moving average of $545.96. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00. 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 (NYSE:LMT) last posted its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%. The business had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same period in the previous year, the company posted $1.46 earnings per share. The firm’s revenue for the quarter 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 30.44 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 1st will be issued a $3.60 dividend. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.45. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $14.40 dividend on an annualized basis and a yield of 2.9%. Lockheed Martin’s payout ratio is 50.87%.

About Lockheed Martin

Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.

Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.