Nykredit A S Invests $9.39 Million in Lockheed Martin Corporation $LMT

Nykredit A S bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the second quarter, Holdings Channel.com reports. The fund bought 18,442 shares of the aerospace company’s stock, valued at approximately $9,395,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. World Investment Advisors lifted its position in shares of Lockheed Martin by 54.7% during the 4th quarter. World Investment Advisors now owns 14,739 shares of the aerospace company’s stock worth $7,129,000 after buying an additional 5,214 shares during the last quarter. SG Americas Securities LLC raised its stake in Lockheed Martin by 5.4% during the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company’s stock worth $167,043,000 after acquiring an additional 14,150 shares in the last quarter. Norris Financial Group LLC acquired a new stake in Lockheed Martin during the 1st quarter worth $2,321,000. Legal Advantage Investments Inc. purchased a new stake in Lockheed Martin in the first quarter valued at $1,451,000. Finally, Versor Investments LP boosted its stake in Lockheed Martin by 220.4% in the fourth quarter. Versor Investments LP now owns 5,997 shares of the aerospace company’s stock valued at $2,901,000 after acquiring an additional 4,125 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $524.58 on Friday. The stock has a market capitalization of $121.07 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 1.14 and a beta of 0.10. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00. The stock’s 50-day moving average price is $555.58 and its 200 day moving average price is $570.30. 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 quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The company had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same period last year, the firm earned $1.46 EPS. The firm’s revenue for the quarter 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, equities research analysts forecast that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors 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 annualized dividend and a dividend yield of 2.6%. Lockheed Martin’s dividend payout ratio (DPR) is currently 50.87%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LMT. Wells Fargo & Company set a $600.00 price objective on Lockheed Martin in a report on Monday, July 27th. Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. TD Cowen reduced their price objective on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Citigroup increased their price objective on Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, Morgan Stanley lifted their target price on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and a consensus target price 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.