Keebeck Wealth Management Makes New $588,000 Investment in Lockheed Martin Corporation $LMT

Keebeck Wealth Management purchased a new position in Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,154 shares of the aerospace company’s stock, valued at approximately $588,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LMT. IAG Wealth Partners LLC grew its position in Lockheed Martin by 4,800.0% in the 1st quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 48 shares during the period. United Financial Planning Group LLC purchased a new stake in Lockheed Martin during the 3rd quarter valued at $25,000. Basso Capital Management L.P. bought a new position in shares of Lockheed Martin during the 4th quarter valued at $25,000. Clarity Asset Management Inc. bought a new position in shares of Lockheed Martin during the 4th quarter valued at $26,000. Finally, Triumph Capital Management boosted its stake 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 worth $26,000 after buying an additional 22 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on LMT. Wall Street Zen lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Susquehanna lowered 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. Morgan Stanley raised their target price on Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Finally, Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $632.39.

Lockheed Martin Trading Down 1.2%

Shares of LMT stock opened at $564.61 on Friday. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00. The firm has a fifty day moving average price of $547.80 and a 200-day moving average price of $575.73. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The company has a market cap of $130.31 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 0.98 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last announced its earnings results 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 analysts’ expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.Lockheed Martin’s revenue for the quarter was up 10.5% compared to the same quarter last year. 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. As a group, equities analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Announces Dividend

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