Prosperitas Financial LLC Raises Stake in Lockheed Martin Corporation $LMT

Prosperitas Financial LLC lifted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 20.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,546 shares of the aerospace company’s stock after purchasing an additional 1,652 shares during the quarter. Lockheed Martin comprises about 1.6% of Prosperitas Financial LLC’s investment portfolio, making the stock its 23rd largest position. Prosperitas Financial LLC’s holdings in Lockheed Martin were worth $4,864,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Basso Capital Management L.P. purchased a new position in Lockheed Martin in the fourth quarter valued at about $25,000. Burnham & Co LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $25,000. United Financial Planning Group LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $25,000. Clarity Asset Management Inc. acquired a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $26,000. Finally, Triumph Capital Management grew its holdings in shares of Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 22 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE LMT opened at $563.82 on Friday. 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 Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00. The business has a fifty day moving average of $551.70 and a 200-day moving average of $573.75. The stock has a market cap of $130.12 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $19.34 billion. During the same quarter last year, the business posted $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, analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

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

Analyst Ratings Changes

LMT has been the subject of several research reports. TD Cowen reduced their price objective on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a report on Monday, July 13th. Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Morgan Stanley raised their price target on Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Robert W. Baird set a $700.00 price target on Lockheed Martin in a research note on Friday, July 24th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Lockheed Martin in a research report on Sunday, July 26th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $632.39.

About Lockheed Martin

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.