ING Groep NV Sells 2,539 Shares of Lockheed Martin Corporation $LMT

ING Groep NV reduced its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 9.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,021 shares of the aerospace company’s stock after selling 2,539 shares during the quarter. ING Groep NV’s holdings in Lockheed Martin were worth $11,618,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. United Financial Planning Group LLC bought a new stake in Lockheed Martin during the 3rd quarter worth about $25,000. Tucker Asset Management LLC bought a new stake in Lockheed Martin during the 4th quarter worth about $32,000. Beacon Financial Strategies CORP bought a new stake in Lockheed Martin during the 4th quarter worth about $34,000. Wexford Capital LP bought a new stake in Lockheed Martin during the 3rd quarter worth about $36,000. Finally, Torren Management LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth about $38,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

Shares of LMT opened at $524.13 on Monday. 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 has a 50 day simple moving average of $556.10 and a 200 day simple moving average of $560.80. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $692.00. The firm has a market capitalization of $120.85 billion, a PE ratio of 25.38, a P/E/G ratio of 0.95 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. During the same quarter in the prior year, the firm posted $7.28 earnings per share. Lockheed Martin’s revenue for the quarter was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Sell-side analysts predict that Lockheed Martin Corporation will post 29.88 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be given a $3.45 dividend. The ex-dividend date is Monday, June 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. Lockheed Martin’s payout ratio is currently 66.83%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company assumed coverage on Lockheed Martin in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 target price for the company. Royal Bank Of Canada decreased their target price on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating for the company in a research report on Friday, April 24th. Jefferies Financial Group restated a “hold” rating and set a $595.00 target price on shares of Lockheed Martin in a research report on Sunday, April 26th. Citigroup decreased their target price on Lockheed Martin from $675.00 to $571.00 and set a “neutral” rating for the company in a research report on Monday, May 18th. Finally, Morgan Stanley decreased their target price on Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $620.68.

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.