M3 Wealth Management LLC Purchases New Position in Lockheed Martin Corporation $LMT

M3 Wealth Management LLC purchased a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,980 shares of the aerospace company’s stock, valued at approximately $3,047,000. Lockheed Martin makes up approximately 2.0% of M3 Wealth Management LLC’s holdings, making the stock its 24th biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Bank of New York Mellon Corp purchased a new position in Lockheed Martin in the 2nd quarter valued at approximately $645,258,000. Sandro Wealth Management LLC purchased a new stake in shares of Lockheed Martin during the second quarter worth $518,000. PTM Wealth Management LLC purchased a new stake in shares of Lockheed Martin during the second quarter worth $512,000. Centric Wealth Management bought a new position in shares of Lockheed Martin in the second quarter worth $3,217,000. Finally, Focus Partners Advisor Solutions LLC bought a new position in shares of Lockheed Martin in the second quarter worth $8,446,000. 74.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on LMT. Wells Fargo & Company set a $600.00 price target on Lockheed Martin in a research report on Monday, July 27th. Royal Bank Of Canada increased their price objective on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. TD Cowen cut their target price 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. JPMorgan Chase & Co. reduced their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Finally, DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $632.39.

Lockheed Martin Stock Up 1.7%

LMT opened at $608.21 on Friday. The company has a fifty day moving average price of $542.51 and a 200-day moving average price of $576.46. The firm has a market capitalization of $140.37 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 1.04 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 Corporation has a one year low of $436.46 and a one year high of $692.00.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. During the same quarter in the prior year, the firm posted $1.46 earnings per share. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities research analysts expect that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s payout ratio is presently 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.