Principle Wealth Partners LLC Invests $3.78 Million in Lockheed Martin Corporation $LMT

Principle Wealth Partners LLC acquired a new stake in Lockheed Martin Corporation (NYSE:LMT) in the second quarter, HoldingsChannel reports. The firm acquired 7,412 shares of the aerospace company’s stock, valued at approximately $3,776,000.

Several other institutional investors and hedge funds have also modified their holdings of LMT. Charles Schwab Investment Management Inc. raised its holdings in Lockheed Martin by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock valued at $4,178,399,000 after acquiring an additional 114,900 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Lockheed Martin by 10.1% during the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock worth $2,770,729,000 after purchasing an additional 527,523 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Lockheed Martin by 0.6% during the fourth quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock worth $807,866,000 after purchasing an additional 10,349 shares during the last quarter. Deutsche Bank AG grew its position in shares of Lockheed Martin by 7.4% in the fourth quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company’s stock valued at $696,891,000 after purchasing an additional 99,403 shares during the period. Finally, AQR Capital Management LLC increased its stake in Lockheed Martin by 107.3% in the fourth quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock valued at $625,784,000 after purchasing an additional 669,604 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of a number of research analyst reports. UBS Group reissued a “neutral” rating and issued a $581.00 price target on shares of Lockheed Martin in a research note on Friday, July 24th. Citigroup boosted their target price on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a research note on Sunday, July 26th. Morgan Stanley boosted their price objective on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Finally, Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $632.39.

Lockheed Martin Stock Performance

NYSE:LMT opened at $594.26 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $137.15 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.04 and a beta of 0.10. The firm’s fifty day simple moving average is $544.00 and its 200 day simple moving average is $576.42. Lockheed Martin Corporation has a twelve month low of $437.25 and a twelve month high of $692.00.

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

Lockheed Martin Announces Dividend

The business 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 $3.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.3%. Lockheed Martin’s dividend payout ratio (DPR) 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.