HighTower Advisors LLC Has $210.16 Million Stock Holdings in Lockheed Martin Corporation $LMT

HighTower Advisors LLC grew its stake in Lockheed Martin Corporation (NYSE:LMT) by 4.8% during the second quarter, HoldingsChannel.com reports. The firm owned 412,521 shares of the aerospace company’s stock after buying an additional 18,971 shares during the period. HighTower Advisors LLC’s holdings in Lockheed Martin were worth $210,163,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. California State Teachers Retirement System lifted its stake in Lockheed Martin by 49,985.5% in the second quarter. California State Teachers Retirement System now owns 163,027,709 shares of the aerospace company’s stock valued at $83,056,097,000 after buying an additional 162,702,210 shares during the period. BlackRock Inc. bought a new position in Lockheed Martin during the second quarter worth about $9,617,574,000. Corient Private Wealth LP acquired a new position in shares of Lockheed Martin during the 2nd quarter worth about $101,960,000. Bank of New York Mellon Corp acquired a new position in shares of Lockheed Martin during the 2nd quarter worth about $645,258,000. Finally, Legal & General Group Plc bought a new stake in shares of Lockheed Martin in the 2nd quarter valued at about $497,469,000. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on LMT shares. Jefferies Financial Group reiterated a “hold” rating on shares of Lockheed Martin in a research report on Wednesday. Royal Bank Of Canada upped their target price on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. Wells Fargo & Company set a $600.00 target price on shares of Lockheed Martin in a report on Monday, July 27th. UBS Group reissued a “neutral” rating and set a $581.00 price target on shares of Lockheed Martin in a research report on Friday, July 24th. Finally, TD Cowen decreased their price target on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $632.39.

Lockheed Martin Price Performance

Shares of LMT opened at $524.58 on Monday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The firm has a market capitalization of $121.07 billion, a PE ratio of 19.34, a P/E/G ratio of 1.14 and a beta of 0.10. The stock has a 50 day simple moving average of $555.58 and a 200 day simple moving average of $569.73. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00.

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

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s payout ratio is currently 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.