Mackenzie Financial Corp Acquires 10,927 Shares of Lockheed Martin Corporation $LMT

Mackenzie Financial Corp grew its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 7.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 151,299 shares of the aerospace company’s stock after acquiring an additional 10,927 shares during the period. Mackenzie Financial Corp’s holdings in Lockheed Martin were worth $75,530,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC grew its stake in shares of Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after acquiring an additional 191 shares during the last quarter. Sivia Capital Partners LLC raised its position in shares of Lockheed Martin by 5.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after purchasing an additional 50 shares during the last quarter. Schnieders Capital Management LLC. raised its position in shares of Lockheed Martin by 17.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock worth $676,000 after purchasing an additional 215 shares during the last quarter. Profund Advisors LLC boosted its stake in Lockheed Martin by 10.4% in the 2nd quarter. Profund Advisors LLC now owns 2,341 shares of the aerospace company’s stock worth $1,084,000 after purchasing an additional 220 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Lockheed Martin by 12.7% in the 2nd quarter. ProShare Advisors LLC now owns 35,805 shares of the aerospace company’s stock worth $16,583,000 after purchasing an additional 4,030 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Key Lockheed Martin News

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

• Positive Sentiment: Large contract wins and program awards — Lockheed reported multiple contract awards that expand near-term backlog and cash flow, including recent U.S. defense contracts worth roughly $761 million. Lockheed Martin wins $761 million in U.S. defense contracts
• Positive Sentiment: Munitions production ramp — Management is working with U.S. partners to substantially increase munitions output (expanded facilities and higher lines) to meet demand from the Middle East, which should boost revenues and near-term government orders. Lockheed Martin Ramps Munitions Output
• Positive Sentiment: Sikorsky autonomy and new product pipeline — Sikorsky (a Lockheed business) and Robinson unveiled the autonomous R66 TURBINETRUCK for cargo/resupply missions; product launches and S-92A+ production increases strengthen growth optionality in rotary platforms. Sikorsky Collaborates with Robinson – R66 TURBINETRUCK Benzinga: Sikorsky, Robinson launch autonomous cargo helicopter
• Positive Sentiment: S-92A+ output and contract renewals — Sikorsky is expanding output and operators are renewing support contracts, supporting aftermarket and recurring revenue. Sikorsky advances S-92A+ output, renewals
• Neutral Sentiment: Sector inflows could help over time — analysts note defense ETFs are attracting flows as conflict-driven budgets rise, which can support longer-term demand for prime contractors like LMT. Why This Defense ETF Could Keep Rallying
• Neutral Sentiment: Supply-chain and supplier awards — A metals supplier won large govt contracts including programs that will supply aluminum plate across Lockheed platforms; could improve parts availability but also reflect procurement complexity. Reliance AMI Metals awarded contracts (mentions Lockheed platforms)
• Negative Sentiment: Sector weakness / sentiment headwinds — Coverage notes that despite geopolitical tensions, defense stocks recently haven’t rallied broadly; macro and political factors (e.g., uncertainty about escalation) are keeping valuations under pressure. Barron’s: Defense Stocks Are Down
• Negative Sentiment: Valuation/expectations concerns — Some analysts argue much of Lockheed’s near-term upside is already priced in, limiting upside if execution or order timing slips. Seeking Alpha: The Upside Is Already Priced In

Lockheed Martin Trading Down 0.3%

Lockheed Martin stock opened at $649.28 on Thursday. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $692.00. The company has a market cap of $149.39 billion, a P/E ratio of 30.21, a P/E/G ratio of 1.17 and a beta of 0.22. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. The business has a 50-day simple moving average of $610.16 and a two-hundred day simple moving average of $522.53.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing the consensus estimate of $6.33 by ($0.53). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter last year, the company earned $7.67 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 2nd will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, March 2nd. Lockheed Martin’s dividend payout ratio is presently 64.22%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Lockheed Martin from $515.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Morgan Stanley set a $675.00 target price on shares of Lockheed Martin in a research note on Wednesday, February 4th. Weiss Ratings cut shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 6th. DZ Bank downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price target for the company. in a research report on Tuesday, February 3rd. Finally, Royal Bank Of Canada boosted their price objective on shares of Lockheed Martin from $615.00 to $650.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $618.95.

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.