California State Teachers Retirement System Trims Holdings in Lockheed Martin Corporation $LMT

California State Teachers Retirement System decreased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 3.2% in the first quarter, HoldingsChannel reports. The firm owned 325,499 shares of the aerospace company’s stock after selling 10,802 shares during the quarter. California State Teachers Retirement System’s holdings in Lockheed Martin were worth $196,728,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of LMT. Brighton Jones LLC increased 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 period. Sivia Capital Partners LLC lifted its position in Lockheed Martin by 5.4% during the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock valued at $451,000 after purchasing an additional 50 shares during the period. Schnieders Capital Management LLC. lifted its position in Lockheed Martin by 17.3% during the second quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock valued at $676,000 after purchasing an additional 215 shares during the period. Gamco Investors INC. ET AL boosted its holdings in Lockheed Martin by 36.0% in the second quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock valued at $1,042,000 after purchasing an additional 595 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Lockheed Martin by 18.2% in the second quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company’s stock valued at $40,092,000 after purchasing an additional 13,300 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LMT has been the subject of a number of recent research reports. Weiss Ratings lowered Lockheed Martin from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 17th. TD Cowen lowered their target price on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. Citigroup raised Lockheed Martin from a “neutral” rating to a “buy” rating and raised their target price for the stock from $571.00 to $582.00 in a report on Wednesday, July 1st. Wells Fargo & Company set a $600.00 price target on Lockheed Martin in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $626.33.

Lockheed Martin News Summary

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

• Positive Sentiment: Lockheed Martin’s second-quarter performance remains a key catalyst: revenue increased 11% to approximately $20.1 billion, free cash flow recovered to $2.9 billion, backlog reached a record $230 billion and management raised its full-year outlook. The Missiles and Fire Control segment was particularly strong, with revenue up 19% and profit up 24%. Lockheed Martin: Missiles Make Valuation Attractive Again
• Positive Sentiment: Analysts see missile-production expansion for PAC-3 MSE, THAAD and PrSM as major growth drivers. L3Harris announced frameworks with the Department of War and Lockheed Martin to support a substantial increase in PAC-3 production and quadruple THAAD propulsion capacity, potentially improving future order visibility. L3Harris Signs Transformational Agreement to Drastically Increase Production for PAC-3 MSE
• Positive Sentiment: Heightened defense budgets, geopolitical tensions and NATO members’ efforts to increase military spending are strengthening the demand outlook for Lockheed Martin’s aircraft, missile and defense systems. The company is also reportedly building weapons ahead of Pentagon orders, positioning it to respond more quickly to replenishment needs. Lockheed Martin: Flying High On Heightened Defense Spending
• Positive Sentiment: At the Farnborough Airshow, Lockheed unveiled MORFIUS X-Rotor, a reusable airborne counter-drone system that uses high-power microwaves to disable groups of small unmanned aircraft. The technology addresses growing military demand for lower-cost defenses against drone swarms. Tech Weekly: Tesla under strain, Lockheed innovates drone fighter
• Neutral Sentiment: Zacks highlighted strong investor attention and favorable value-oriented characteristics, while other analysis upgraded LMT to Buy. However, the stock’s valuation and the need for significant capital investment to expand production remain considerations for investors.
• Neutral Sentiment: Western defense companies are seeking production lessons and partnerships with Ukrainian firms, potentially benefiting Lockheed Martin’s manufacturing agility, although the financial impact is not yet quantified. Western defense companies are looking to Ukrainian firms for lessons on how to build in wartime conditions

Lockheed Martin Trading Up 0.3%

LMT stock opened at $581.63 on Wednesday. The company’s 50-day simple moving average is $525.93 and its 200-day simple moving average is $574.65. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. Lockheed Martin Corporation has a 52-week low of $412.55 and a 52-week high of $692.00. The firm has a market cap of $134.24 billion, a P/E ratio of 21.44, a PEG ratio of 1.01 and a beta of 0.11.

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 the consensus estimate of $7.22 by $0.72. The firm had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.Lockheed Martin’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities analysts forecast that Lockheed Martin Corporation will post 30.23 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is presently 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.