J.Safra Asset Management Corp Invests $467,000 in Lockheed Martin Corporation $LMT

J.Safra Asset Management Corp purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 917 shares of the aerospace company’s stock, valued at approximately $467,000.

Several other institutional investors have also made changes to their positions in LMT. IAG Wealth Partners LLC lifted its stake in Lockheed Martin by 4,800.0% in the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 48 shares during the last quarter. United Financial Planning Group LLC bought a new stake in Lockheed Martin in the third quarter worth approximately $25,000. Basso Capital Management L.P. acquired a new position in shares of Lockheed Martin during the 4th quarter worth $25,000. Clarity Asset Management Inc. acquired a new position in shares of Lockheed Martin during the 4th quarter worth $26,000. Finally, TD Capital Management LLC increased its stake in shares of Lockheed Martin by 450.0% during the 4th quarter. TD Capital Management LLC now owns 55 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 45 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LMT shares. Susquehanna reduced their price objective on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research note on Friday, April 24th. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Royal Bank Of Canada boosted their price target on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Finally, UBS Group reaffirmed a “neutral” rating and set a $581.00 target price on shares of Lockheed Martin in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average target price of $632.39.

Lockheed Martin Price Performance

NYSE:LMT opened at $608.21 on Monday. The firm has a market cap of $140.37 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.04 and a beta of 0.10. Lockheed Martin Corporation has a 12 month low of $436.46 and a 12 month 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. The company’s 50-day moving average price is $542.51 and its two-hundred day moving average price is $576.42.

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. The company had revenue of $20.06 billion for the quarter, compared to analyst estimates 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 was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.3%. 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.