QRG Capital Management Inc. Raises Position in Lockheed Martin Corporation $LMT

QRG Capital Management Inc. boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 23.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,941 shares of the aerospace company’s stock after buying an additional 2,428 shares during the period. QRG Capital Management Inc.’s holdings in Lockheed Martin were worth $7,821,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LMT. Cerro Pacific Wealth Advisors LLC grew its holdings in shares of Lockheed Martin by 1.2% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock worth $665,000 after purchasing an additional 16 shares in the last quarter. Garner Asset Management Corp increased its position in shares of Lockheed Martin by 0.9% in the fourth quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock worth $839,000 after purchasing an additional 16 shares during the last quarter. Davis R M Inc. raised its stake in Lockheed Martin by 1.3% in the fourth quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock valued at $612,000 after purchasing an additional 16 shares in the last quarter. Broadway Wealth Solutions Inc. raised its stake in Lockheed Martin by 3.6% in the fourth quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock valued at $234,000 after purchasing an additional 17 shares in the last quarter. Finally, Aspire Growth Partners LLC lifted its position in Lockheed Martin by 0.7% during the fourth quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock valued at $1,217,000 after purchasing an additional 17 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $544.75 on Friday. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $692.00. The company has a fifty day moving average of $520.46 and a 200-day moving average of $568.63. The stock has a market capitalization of $125.60 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 0.99 and a beta of 0.11.

Lockheed Martin (NYSE:LMT) last issued its earnings results 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 analysts’ expectations of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.Lockheed Martin’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities research analysts expect that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 1st were issued a dividend of $3.45 per share. The ex-dividend date was Monday, June 1st. This represents a $13.80 annualized dividend and a yield of 2.5%. Lockheed Martin’s dividend payout ratio is currently 66.83%.

Key Stories Impacting Lockheed Martin

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Lockheed Martin is reportedly close to winning the race for Ultra Maritime, a naval defense specialist, in a deal that could value the business at roughly $3.5 billion and may be announced as soon as next week. Lockheed Closes In on $3.5 Billion Ultra Maritime Deal
• Positive Sentiment: Lockheed continues to benefit from major defense contract wins, including a large THAAD interceptor production award and a Sentinel A4 radar contract, which support revenue visibility and underscore strong demand for missile-defense systems. Why Lockheed Martin (LMT) Is Up 6.1% After Massive Missile-Defense Contracts And Index Shift
• Neutral Sentiment: Analysts are looking ahead to Lockheed Martin’s Q2 earnings report on July 23, with expectations calling for a slight decline in earnings, so investors may stay cautious until results are released. What to Expect From Lockheed Martin’s Next Quarterly Earnings Report
• Negative Sentiment: Some commentary remains focused on Lockheed’s recent uneven quarter, with program charges and weaker cash flow still seen as a risk even after the stock’s rebound. General Dynamics Vs. Lockheed Martin: Buy General Dynamics for Deep Marine Backlogs

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of research reports. Weiss Ratings cut shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Citigroup raised Lockheed Martin from a “neutral” rating to a “buy” rating and increased their target price for the company from $571.00 to $582.00 in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price target on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Finally, TD Cowen cut their price objective on Lockheed Martin from $670.00 to $600.00 and set a “hold” rating for the company in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $613.63.

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.