Fox Run Management L.L.C. Makes New Investment in Lockheed Martin Corporation $LMT

Fox Run Management L.L.C. purchased a new position in Lockheed Martin Corporation (NYSE:LMT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,369 shares of the aerospace company’s stock, valued at approximately $2,113,000. Lockheed Martin accounts for approximately 0.3% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 25th biggest position.

Other large investors have also bought and sold shares of the company. United Financial Planning Group LLC acquired a new stake in Lockheed Martin in the third quarter worth $25,000. Tucker Asset Management LLC acquired a new stake in Lockheed Martin in the fourth quarter worth $32,000. Beacon Financial Strategies CORP acquired a new stake in Lockheed Martin in the fourth quarter worth $34,000. Wexford Capital LP acquired a new stake in Lockheed Martin in the third quarter worth $36,000. Finally, Torren Management LLC acquired a new stake in Lockheed Martin in the fourth quarter worth $38,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 0.7%

LMT opened at $519.92 on Tuesday. 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’s 50-day moving average is $553.96 and its 200 day moving average is $561.12. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $692.00. The firm has a market capitalization of $119.87 billion, a P/E ratio of 25.18, a PEG ratio of 0.95 and a beta of 0.10.

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

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be given a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 66.83%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Jefferies Financial Group restated a “hold” rating and issued a $595.00 price target on shares of Lockheed Martin in a report on Sunday, April 26th. JPMorgan Chase & Co. reduced their price objective on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Bank of America reduced their price objective on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Wells Fargo & Company assumed coverage on shares of Lockheed Martin in a report on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 price objective for the company. Finally, Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $620.68.

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.