Havemeyer Place LP Purchases New Holdings in Lockheed Martin Corporation $LMT

Havemeyer Place LP purchased a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) in the fourth quarter, Holdings Channel reports. The firm purchased 11,931 shares of the aerospace company’s stock, valued at approximately $5,771,000. Lockheed Martin comprises about 1.1% of Havemeyer Place LP’s portfolio, making the stock its 3rd largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of LMT. Wellington Management Group LLP increased its position in Lockheed Martin by 3.4% in the third quarter. Wellington Management Group LLP now owns 2,384,753 shares of the aerospace company’s stock worth $1,190,493,000 after buying an additional 79,491 shares during the last quarter. Invesco Ltd. increased its position in Lockheed Martin by 4.2% in the third quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock worth $1,096,294,000 after buying an additional 87,663 shares during the last quarter. Legal & General Group Plc increased its position in Lockheed Martin by 6.6% in the third quarter. Legal & General Group Plc now owns 1,022,940 shares of the aerospace company’s stock worth $510,662,000 after buying an additional 63,430 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Lockheed Martin by 41.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 808,409 shares of the aerospace company’s stock worth $403,534,000 after buying an additional 236,137 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Lockheed Martin by 16.6% in the second quarter. Ameriprise Financial Inc. now owns 761,382 shares of the aerospace company’s stock worth $347,381,000 after buying an additional 108,553 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Citigroup decreased their target price on Lockheed Martin from $675.00 to $571.00 and set a “neutral” rating for the company in a research report on Monday, May 18th. JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Morgan Stanley decreased their target price on Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. Susquehanna decreased their target price on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research report on Friday, April 24th. Finally, DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $620.68.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $524.13 on Friday. The stock has a market cap of $120.84 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 0.95 and a beta of 0.10. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $692.00. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. The stock has a fifty day moving average of $556.10 and a 200-day moving average of $560.17.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing the consensus estimate of $6.79 by ($0.35). The company had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. Lockheed Martin’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the firm posted $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities research analysts anticipate that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be given a $3.45 dividend. The ex-dividend date is Monday, June 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. Lockheed Martin’s payout ratio is 66.83%.

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.