Lockheed Martin Corporation $LMT Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC grew its position in Lockheed Martin Corporation (NYSE:LMT) by 19.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,449 shares of the aerospace company’s stock after acquiring an additional 6,840 shares during the quarter. ProShare Advisors LLC’s holdings in Lockheed Martin were worth $20,048,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. HighTower Advisors LLC raised its position in shares of Lockheed Martin by 1.0% in the fourth quarter. HighTower Advisors LLC now owns 424,466 shares of the aerospace company’s stock valued at $205,301,000 after buying an additional 4,191 shares during the last quarter. Evergreen Wealth Management LLC raised its holdings in Lockheed Martin by 2.3% in the 4th quarter. Evergreen Wealth Management LLC now owns 6,485 shares of the aerospace company’s stock valued at $3,137,000 after acquiring an additional 145 shares during the last quarter. Ironwood Investment Counsel LLC raised its holdings in Lockheed Martin by 2.1% in the 4th quarter. Ironwood Investment Counsel LLC now owns 17,124 shares of the aerospace company’s stock valued at $8,283,000 after acquiring an additional 359 shares during the last quarter. Cascade Financial Partners LLC lifted its stake in Lockheed Martin by 35.9% in the 4th quarter. Cascade Financial Partners LLC now owns 927 shares of the aerospace company’s stock worth $448,000 after purchasing an additional 245 shares in the last quarter. Finally, Duncan Williams Asset Management LLC lifted its stake in Lockheed Martin by 6.0% in the 4th quarter. Duncan Williams Asset Management LLC now owns 704 shares of the aerospace company’s stock worth $341,000 after purchasing an additional 40 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LMT. Citigroup dropped their price target on Lockheed Martin from $675.00 to $571.00 and set a “neutral” rating for the company in a research report on Monday. Wells Fargo & Company began coverage on Lockheed Martin in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 price objective on the stock. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. TD Cowen cut their target price on Lockheed Martin from $670.00 to $600.00 and set a “hold” rating for the company in a research note on Friday, April 24th. Finally, Argus lifted their price target on Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $620.68.

Lockheed Martin Stock Down 0.8%

Shares of NYSE LMT opened at $522.32 on Thursday. The company has a market capitalization of $120.43 billion, a P/E ratio of 25.29, a P/E/G ratio of 0.95 and a beta of 0.10. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. The company has a 50 day simple moving average of $582.60 and a 200-day simple moving average of $555.98. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $692.00.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The business had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, equities research analysts predict that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be issued a dividend of $3.45 per share. The ex-dividend date is Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. Lockheed Martin’s dividend payout ratio is currently 66.83%.

Lockheed Martin Company 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.