State Street Corp Acquires 419,582 Shares of Lockheed Martin Corporation $LMT

State Street Corp increased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 1.3% during the second quarter, HoldingsChannel reports. The fund owned 32,975,170 shares of the aerospace company’s stock after acquiring an additional 419,582 shares during the quarter. State Street Corp owned 0.14% of Lockheed Martin worth $16,799,530,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Lockheed Martin during the 2nd quarter worth approximately $9,617,574,000. Corient Private Wealth LP purchased a new position in shares of Lockheed Martin during the second quarter valued at approximately $101,960,000. Bank of New York Mellon Corp purchased a new position in shares of Lockheed Martin during the second quarter valued at approximately $645,258,000. Legal & General Group Plc bought a new stake in Lockheed Martin during the second quarter worth $497,469,000. Finally, Diamant Asset Management Inc. grew its holdings in Lockheed Martin by 60,339.0% during the first quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock worth $531,493,000 after buying an additional 877,932 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded down $15.87 during midday trading on Tuesday, reaching $519.53. The company had a trading volume of 733,659 shares, compared to its average volume of 1,471,585. The company’s 50 day moving average price is $556.84 and its 200 day moving average price is $559.90. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The stock has a market cap of $119.90 billion, a P/E ratio of 19.18, a P/E/G ratio of 1.16 and a beta of 0.10. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00.

Lockheed Martin (NYSE:LMT) last released its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. During the same period in the previous year, the company earned $1.46 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, sell-side analysts anticipate that Lockheed Martin Corporation will post 30.44 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be given a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is currently 50.87%.

Analysts Set New Price Targets

Several brokerages have weighed in on LMT. Morgan Stanley raised their price objective on Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. TD Cowen lowered their target price on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a report on Monday, July 13th. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a report on Wednesday, September 2nd. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Finally, Robert W. Baird set a $700.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $637.56.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: The U.S. Army awarded Lockheed Martin an indefinite-delivery, indefinite-quantity contract worth up to $1.2 billion to produce Precision Strike Missile (PrSM) Increment 2. A successful test demonstrated the missile’s ability to strike moving maritime targets, expanding its potential mission set and supporting future revenue and backlog. Lockheed wins US Army missile contract worth up to $1.2 billion
• Positive Sentiment: Germany’s presentation of its first F-35A highlights the continued international expansion of Lockheed’s F-35 program, which has now been selected by 20 nations. Broader adoption strengthens the company’s long-term production, sustainment and services opportunity. How Does This F-35A Rollout Strengthen NATO Deterrence for Lockheed Martin
• Positive Sentiment: Lockheed is advancing the classified AIM-260 Joint Advanced Tactical Missile for integration with the F-22 and F-35. The program could benefit from rising global weapons demand and ongoing U.S. investment in advanced air-defense capabilities. Lockheed Martin Fast-Tracks Secret Missile as Global Weapons Demand Rises
• Neutral Sentiment: Lockheed Martin is scheduled to pay its quarterly dividend this week. The payout supports the stock’s income appeal, although dividend news is generally recurring and may have limited impact on the share price.
• Negative Sentiment: Investor concerns include reports that the Air Force does not currently want Lockheed’s new stealth drone, leaving the company building five aircraft without a confirmed customer or clear procurement path. This raises the risk of speculative research-and-development spending.
• Negative Sentiment: A reported U.S. House probe into the diversion of F-35 components shipped from Australia to Hong Kong creates potential regulatory, compliance and reputational risk, though the financial impact remains unclear.

About Lockheed Martin

Lockheed Martin Corporation is a global aerospace, defense and technology company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense serving as its largest customer. Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

The company’s products and services include military aircraft such as the F-35 Lightning II, F-16 and C-130; air and missile defense systems; precision weapons; helicopters and maritime systems; radar, sensors and command-and-control technologies; satellites; space exploration systems; and missile-warning and strategic defense capabilities.

Lockheed Martin was created in 1995 through the merger of Lockheed Corporation and Martin Marietta.