Kirtland Hills Capital Management LLC Makes New Investment in Lockheed Martin Corporation $LMT

Kirtland Hills Capital Management LLC bought a new position in Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, Holdings Channel.com reports. The fund bought 4,611 shares of the aerospace company’s stock, valued at approximately $2,349,000.

A number of other institutional investors have also modified their holdings of LMT. Basso Capital Management L.P. acquired a new position in Lockheed Martin in the fourth quarter worth about $25,000. Burnham & Co LLC bought a new position in Lockheed Martin during the 2nd quarter worth approximately $25,000. United Financial Planning Group LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter worth approximately $25,000. Clarity Asset Management Inc. acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $26,000. Finally, Triumph Capital Management increased 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 valued at $26,000 after acquiring an additional 22 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Down 1.2%

LMT stock opened at $564.61 on Friday. The stock has a market cap of $130.31 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10. The firm’s 50-day simple moving average is $547.80 and its 200 day simple moving average is $575.73. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00. 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 posted its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same period in the previous year, the business posted $1.46 EPS. Lockheed Martin’s revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LMT shares. Robert W. Baird set a $700.00 price target on Lockheed Martin in a research report on Friday, July 24th. JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. UBS Group reissued a “neutral” rating and set a $581.00 target price on shares of Lockheed Martin in a report on Friday, July 24th. Wells Fargo & Company set a $600.00 price target on shares of Lockheed Martin in a research report on Monday, July 27th. Finally, Jefferies Financial Group reaffirmed 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, eight have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and a consensus 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.