Pallas Capital Advisors LLC Buys New Shares in Lockheed Martin Corporation $LMT

Pallas Capital Advisors LLC bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,313 shares of the aerospace company’s stock, valued at approximately $2,197,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. World Investment Advisors grew its stake in shares of Lockheed Martin by 54.7% during the 4th quarter. World Investment Advisors now owns 14,739 shares of the aerospace company’s stock valued at $7,129,000 after buying an additional 5,214 shares during the period. SG Americas Securities LLC raised its position in shares of Lockheed Martin by 5.4% in the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company’s stock worth $167,043,000 after buying an additional 14,150 shares during the period. Secured Retirement Advisors LLC raised its position in shares of Lockheed Martin by 288.6% in the 4th quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company’s stock worth $1,513,000 after buying an additional 2,323 shares during the period. Norris Financial Group LLC acquired a new position in Lockheed Martin in the first quarter valued at $2,321,000. Finally, Legal Advantage Investments Inc. acquired a new position in Lockheed Martin in the first quarter valued at $1,451,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on LMT shares. Susquehanna dropped their price target on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research note on Friday, April 24th. Wells Fargo & Company set a $600.00 price target on Lockheed Martin in a report on Monday, July 27th. Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Finally, Royal Bank Of Canada upped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $632.39.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $594.26 on Tuesday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The company’s fifty day moving average price is $544.00 and its two-hundred day moving average price is $576.42. The firm has a market capitalization of $137.15 billion, a P/E ratio of 21.90, a P/E/G ratio of 1.04 and a beta of 0.10. Lockheed Martin Corporation has a 12 month low of $437.25 and a 12 month high of $692.00.

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

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is 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.