Maridea Wealth Management LLC Invests $817,000 in Lockheed Martin Corporation $LMT

Maridea Wealth Management LLC bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,603 shares of the aerospace company’s stock, valued at approximately $817,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of LMT. Cerro Pacific Wealth Advisors LLC lifted its position in shares of Lockheed Martin by 1.2% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock worth $665,000 after buying an additional 16 shares in the last quarter. Garner Asset Management Corp raised its holdings in shares of Lockheed Martin by 0.9% during the 4th quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock worth $839,000 after acquiring an additional 16 shares in the last quarter. Davis R M Inc. boosted its position in shares of Lockheed Martin by 1.3% during the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock valued at $612,000 after acquiring an additional 16 shares during the last quarter. Broadway Wealth Solutions Inc. boosted its position in shares of Lockheed Martin by 3.6% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock valued at $234,000 after acquiring an additional 17 shares during the last quarter. Finally, Aspire Growth Partners LLC grew its holdings in shares of Lockheed Martin by 0.7% in 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 in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LMT has been the subject of several research reports. Citigroup increased their price objective on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research report on Thursday. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a report on Friday, July 24th. Royal Bank Of Canada lifted 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. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Finally, JPMorgan Chase & Co. cut their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $632.39.

Lockheed Martin Stock Up 1.7%

Shares of LMT stock opened at $608.21 on Friday. The stock’s fifty day moving average price is $542.51 and its 200 day moving average price is $576.46. Lockheed Martin Corporation has a 1-year low of $436.46 and a 1-year high of $692.00. The company has a market cap of $140.37 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.04 and a beta of 0.10. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. The company had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, research analysts expect that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 50.87%.

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.