Prosperitas Financial LLC Buys 1,652 Shares of Lockheed Martin Corporation $LMT

Prosperitas Financial LLC boosted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 20.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 9,546 shares of the aerospace company’s stock after purchasing an additional 1,652 shares during the quarter. Lockheed Martin comprises 1.6% of Prosperitas Financial LLC’s holdings, making the stock its 27th largest position. Prosperitas Financial LLC’s holdings in Lockheed Martin were worth $4,864,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Basso Capital Management L.P. bought a new stake in shares of Lockheed Martin in the 4th quarter worth about $25,000. Burnham & Co LLC acquired a new position in Lockheed Martin in the second quarter valued at about $25,000. United Financial Planning Group LLC acquired a new position in Lockheed Martin in the third quarter valued at about $25,000. Clarity Asset Management Inc. bought a new stake in Lockheed Martin during the fourth quarter worth about $26,000. Finally, Field & Main Bank bought a new stake in Lockheed Martin during the second quarter worth about $26,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Up 0.2%

NYSE:LMT opened at $532.45 on Friday. The company has a market cap of $122.88 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 1.16 and a beta of 0.10. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The stock’s fifty day moving average price is $555.22 and its two-hundred day moving average price is $570.63. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00.

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

Lockheed Martin Dividend Announcement

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 given a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 50.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Royal Bank Of Canada raised their price target on Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. Wells Fargo & Company set a $600.00 price objective on Lockheed Martin in a research report on Monday, July 27th. Robert W. Baird set a $700.00 price objective on Lockheed Martin in a research note on Friday, July 24th. Finally, Wall Street Zen upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. One research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.