Freestone Grove Partners LP Takes $27.25 Million Position in Lockheed Martin Corporation $LMT

Freestone Grove Partners LP purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, HoldingsChannel reports. The firm purchased 53,493 shares of the aerospace company’s stock, valued at approximately $27,253,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Lockheed Martin during the second quarter valued at about $9,617,574,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Lockheed Martin by 1.3% in the fourth 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 purchasing an additional 114,900 shares during the period. Morgan Stanley boosted its position in Lockheed Martin by 10.1% in the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after buying an additional 527,523 shares during the period. Franklin Resources Inc. boosted its holdings in Lockheed Martin by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock valued at $807,866,000 after purchasing an additional 10,349 shares during the period. Finally, Deutsche Bank AG grew its position in shares of Lockheed Martin by 7.4% during the fourth quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company’s stock worth $696,891,000 after buying an additional 99,403 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $565.81 on Friday. The firm has a market capitalization of $130.58 billion, a PE ratio of 20.86, a P/E/G ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00. The firm’s 50-day simple moving average is $550.67 and its 200 day simple moving average is $573.82. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same quarter in the previous year, the business posted $1.46 earnings per share. 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. On average, equities research analysts predict that Lockheed Martin Corporation will post 30.39 EPS 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. Investors of record on Tuesday, September 1st will be paid a $3.45 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.4%. Lockheed Martin’s dividend payout ratio is presently 50.87%.

Analysts Set New Price Targets

A number of brokerages recently commented on LMT. UBS Group reiterated a “neutral” rating and set a $581.00 target price on shares of Lockheed Martin in a research note on Friday, July 24th. Citigroup upped 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, August 13th. Morgan Stanley lifted their price target on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a research note on Sunday, July 26th. Finally, TD Cowen cut their target price on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Lockheed Martin presently 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.