Westpac Banking Corp Makes New Investment in Lockheed Martin Corporation $LMT

Westpac Banking Corp acquired a new stake in Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,642 shares of the aerospace company’s stock, valued at approximately $837,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Lockheed Martin by 5.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock valued at $451,000 after purchasing an additional 50 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in Lockheed Martin by 17.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock valued at $676,000 after purchasing an additional 215 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in Lockheed Martin by 36.0% during the second quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock worth $1,042,000 after buying an additional 595 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Lockheed Martin by 18.2% during the second quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company’s stock worth $40,092,000 after buying an additional 13,300 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 1.2%

NYSE LMT opened at $564.61 on Friday. The stock has a market capitalization of $130.31 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a one year low of $437.25 and a one year high of $692.00. 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 business’s fifty day moving average is $547.80 and its 200-day moving average is $575.73.

Lockheed Martin (NYSE:LMT) last posted its quarterly 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 analyst estimates of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities research analysts predict that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s payout ratio is presently 50.87%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LMT. Morgan Stanley lifted their price objective on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Wells Fargo & Company set a $600.00 target price on shares of Lockheed Martin in a report on Monday, July 27th. JPMorgan Chase & Co. dropped their price target on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a report on Sunday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $632.39.

Lockheed Martin Company 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.