Bessemer Group Inc. Acquires 2,058 Shares of Lockheed Martin Corporation $LMT

Bessemer Group Inc. boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 21.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 11,462 shares of the aerospace company’s stock after acquiring an additional 2,058 shares during the period. Bessemer Group Inc.’s holdings in Lockheed Martin were worth $6,927,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IAG Wealth Partners LLC boosted its position in shares of Lockheed Martin by 4,800.0% in the 1st quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 48 shares during the last quarter. United Financial Planning Group LLC acquired a new stake in shares of Lockheed Martin during the third quarter worth $25,000. Basso Capital Management L.P. bought a new stake in Lockheed Martin in the fourth quarter valued at about $25,000. Clarity Asset Management Inc. bought a new stake in Lockheed Martin in the fourth quarter valued at about $26,000. Finally, TD Capital Management LLC lifted its stake in Lockheed Martin by 450.0% in the fourth quarter. TD Capital Management LLC now owns 55 shares of the aerospace company’s stock valued at $27,000 after buying an additional 45 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.0%

Shares of LMT stock opened at $508.93 on Monday. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $692.00. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The firm has a fifty day moving average of $521.95 and a 200-day moving average of $572.11. The company has a market capitalization of $117.34 billion, a price-to-earnings ratio of 24.65, a P/E/G ratio of 0.91 and a beta of 0.11.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 EPS 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 the consensus estimate of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The company’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, equities research analysts predict that Lockheed Martin Corporation will post 29.94 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 1st were paid a $3.45 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is currently 66.83%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wells Fargo & Company set a $575.00 target price on Lockheed Martin in a report on Wednesday, July 8th. BNP Paribas Exane lowered their price target on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Weiss Ratings downgraded shares of Lockheed Martin from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday. Citigroup raised shares of Lockheed Martin from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $571.00 to $582.00 in a research note on Wednesday, July 1st. Finally, Morgan Stanley decreased their price objective on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $607.58.

More Lockheed Martin News

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Lockheed Martin won a major U.S. Special Operations Command logistics and sustainment contract, adding to its defense backlog and improving revenue visibility. Lockheed Martin to Provide Next-Generation Logistics and Sustainment Support for U.S. Special Operations Command Under New Contract
• Positive Sentiment: The company is expanding missile production under new U.S. agreements, benefiting from rising demand for air and missile defense systems. Can Lockheed Martin’s Missile Defense Business Power Long-Term Growth?
• Positive Sentiment: Lockheed Martin Ventures is opening a London office and earmarking at least $100 million for investments in U.K. and European defense technologies, which could strengthen its long-term innovation pipeline. Lockheed Martin Earmarks $100 Million for Venture Capital Investments in U.K., Europe

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.