Allen Investment Management LLC purchased a new stake in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,280 shares of the aerospace company’s stock, valued at approximately $619,000.
A number of other large investors have also recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in Lockheed Martin by 3.4% during the third quarter. Wellington Management Group LLP now owns 2,384,753 shares of the aerospace company’s stock worth $1,190,493,000 after buying an additional 79,491 shares during the period. Invesco Ltd. increased its holdings in shares of Lockheed Martin by 4.2% in the 3rd quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock valued at $1,096,294,000 after acquiring an additional 87,663 shares during the period. Legal & General Group Plc raised its position in shares of Lockheed Martin by 6.6% in the 3rd quarter. Legal & General Group Plc now owns 1,022,940 shares of the aerospace company’s stock worth $510,662,000 after acquiring an additional 63,430 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Lockheed Martin by 41.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 808,409 shares of the aerospace company’s stock worth $403,534,000 after acquiring an additional 236,137 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Lockheed Martin by 16.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 761,382 shares of the aerospace company’s stock worth $347,381,000 after purchasing an additional 108,553 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut their target price on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research note on Friday, April 24th. Wall Street Zen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Argus raised their price target on shares of Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a report on Friday, March 6th. BNP Paribas Exane reduced their price objective on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $595.00 target price on shares of Lockheed Martin in a research report on Sunday, April 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $620.68.
Lockheed Martin Price Performance
Shares of LMT stock opened at $513.03 on Wednesday. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $692.00. The firm has a market capitalization of $118.28 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 0.94 and a beta of 0.10. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. The stock’s 50-day simple moving average is $564.23 and its 200-day simple moving average is $559.25.
Lockheed Martin (NYSE:LMT – Get Free Report) last announced 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 analysts’ expectations of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the business earned $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, equities analysts forecast that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.
Lockheed Martin Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be issued a $3.45 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is currently 66.83%.
Key Lockheed Martin News
Here are the key news stories impacting Lockheed Martin this week:
- Positive Sentiment: Lockheed Martin opened a new 88,000-square-foot Alabama facility to produce the Next Generation Interceptor, signaling expanding manufacturing capacity and stronger positioning in missile defense programs. Lockheed Martin Opens Next Generation Interceptor Facility in Courtland, Alabama
- Positive Sentiment: The company’s Aegis Combat System is reportedly gaining traction as global naval defense spending rises, which supports the outlook for Lockheed Martin’s naval combat business. Is Aegis Driving Lockheed Martin’s Growth in the Naval Combat Market?
- Positive Sentiment: Lockheed also began production-related expansion for NGI and THAAD programs in Alabama, reinforcing long-term demand tied to homeland missile defense. Lockheed’s New NGI Digital Missile Factories Could Be A Game Changer For Lockheed Martin (LMT)
- Neutral Sentiment: Lockheed delivered the first Integrated Combat System-enabled baseline to the U.S. Navy, a steady execution update that supports the company’s backlog and modernization narrative. Lockheed Martin (LMT) Makes its First Delivery of ICS Baseline
- Negative Sentiment: Goldman Sachs reiterated a Sell rating and a $511 price target, citing higher contract risk and slower aeronautics growth, which may be pressuring the shares. Lockheed Martin Downgraded to Sell on Higher Contract Risk and Slower Aeronautics Growth Despite Strong Defense Demand
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.
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