Cibc World Market Inc. Takes $22.88 Million Position in Lockheed Martin Corporation $LMT

Cibc World Market Inc. bought a new stake in Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 44,904 shares of the aerospace company’s stock, valued at approximately $22,877,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Basso Capital Management L.P. purchased a new stake in Lockheed Martin during the 4th quarter valued at about $25,000. Burnham & Co LLC acquired a new stake in Lockheed Martin in the 2nd quarter valued at about $25,000. United Financial Planning Group LLC purchased a new position in Lockheed Martin in the 3rd quarter worth approximately $25,000. Clarity Asset Management Inc. purchased a new position in Lockheed Martin in the 4th quarter worth approximately $26,000. Finally, Triumph Capital Management boosted its holdings in shares of Lockheed Martin by 66.7% during the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 22 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LMT. JPMorgan Chase & Co. dropped their price target 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. Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Royal Bank Of Canada boosted their price objective on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a research note on Sunday, July 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $632.39.

Lockheed Martin Price Performance

LMT stock opened at $564.61 on Monday. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week 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 stock has a market cap of $130.31 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10. The business has a fifty day moving average of $547.80 and a two-hundred day moving average of $575.31.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating the consensus estimate of $7.22 by $0.72. The business 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 company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, research analysts anticipate that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is 50.87%.

Lockheed Martin 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.