1,061 Shares in Lockheed Martin Corporation $LMT Acquired by Cornerstone Capital Inc.

Cornerstone Capital Inc. purchased a new stake in Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,061 shares of the aerospace company’s stock, valued at approximately $541,000.

Several other large investors have also recently added to or reduced their stakes in LMT. Basso Capital Management L.P. bought a new stake in shares of Lockheed Martin in the fourth quarter valued at about $25,000. United Financial Planning Group LLC bought a new stake in Lockheed Martin in the 3rd quarter valued at about $25,000. Clarity Asset Management Inc. acquired a new position in shares of Lockheed Martin during the 4th quarter worth approximately $26,000. Triumph Capital Management increased its holdings in shares of Lockheed Martin by 66.7% during the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 22 shares during the period. Finally, Bard Associates Inc. acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $27,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $608.21 on Friday. The firm has a 50 day simple moving average of $542.51 and a 200 day simple moving average of $576.46. Lockheed Martin Corporation has a one year low of $436.46 and a one year high of $692.00. The company has a market cap of $140.37 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.03 and a beta of 0.10. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping the consensus estimate of $7.22 by $0.72. The business had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Research 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 declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be given a $3.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.3%. Lockheed Martin’s payout ratio is 50.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LMT shares. TD Cowen reduced their price target 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. Susquehanna reduced their target price on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a report on Friday, April 24th. Wall Street Zen cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Citigroup upped their price objective on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Royal Bank Of Canada raised their target price on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $632.39.

Lockheed Martin 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.