Visionary Wealth Advisors Takes $10.36 Million Position in Lockheed Martin Corporation $LMT

Visionary Wealth Advisors bought a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,332 shares of the aerospace company’s stock, valued at approximately $10,358,000.

Several other large investors have also added to or reduced their stakes in the business. Dearborn Partners LLC bought a new stake in Lockheed Martin in the second quarter worth approximately $1,119,000. D.B. Root & Company LLC bought a new position in shares of Lockheed Martin during the 2nd quarter worth approximately $872,000. Flavin Financial Services Inc. acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $2,987,000. Asset One Wealth Management LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter valued at $407,000. Finally, Investor s Fiduciary Advisor Network LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter valued at $902,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Ratings Changes

LMT has been the topic of several research analyst reports. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. JPMorgan Chase & Co. cut their price objective 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. Finally, Royal Bank Of Canada raised their target price on Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $632.39.

Lockheed Martin Stock Performance

NYSE LMT opened at $563.65 on Tuesday. The company has a fifty day simple moving average of $548.48 and a 200 day simple moving average of $574.85. Lockheed Martin Corporation has a 12-month low of $437.25 and a 12-month high of $692.00. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The company has a market cap of $130.08 billion, a P/E ratio of 20.78, a PEG ratio of 0.97 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the prior year, the company posted $1.46 earnings per share. The business’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. Sell-side analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced 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 dividend yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is currently 50.87%.

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.