Sumitomo Mitsui Trust Group Inc. Sells 6,121 Shares of Lockheed Martin Corporation $LMT

Sumitomo Mitsui Trust Group Inc. lessened its stake in Lockheed Martin Corporation (NYSE:LMT) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 495,332 shares of the aerospace company’s stock after selling 6,121 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Lockheed Martin were worth $252,248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Lockheed Martin in the 3rd quarter valued at about $134,704,000. Aviance Capital Partners LLC raised its stake in Lockheed Martin by 0.9% in the 3rd quarter. Aviance Capital Partners LLC now owns 16,723 shares of the aerospace company’s stock valued at $8,516,000 after purchasing an additional 146 shares during the last quarter. ProShare Advisors LLC raised its stake in Lockheed Martin by 4.2% in the 3rd quarter. ProShare Advisors LLC now owns 34,012 shares of the aerospace company’s stock valued at $17,321,000 after purchasing an additional 1,356 shares during the last quarter. Investment Partners LTD. lifted its holdings in Lockheed Martin by 18.1% in the 3rd quarter. Investment Partners LTD. now owns 1,741 shares of the aerospace company’s stock valued at $886,000 after purchasing an additional 267 shares in the last quarter. Finally, Intrua Financial LLC lifted its holdings in Lockheed Martin by 6.1% in the 3rd quarter. Intrua Financial LLC now owns 2,898 shares of the aerospace company’s stock valued at $1,476,000 after purchasing an additional 166 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: The U.S. State Department approved a possible $2.1 billion Patriot missile package for Ukraine, naming Lockheed Martin as the principal contractor. The package includes 500 PAC-3 MSE interceptors, spare parts, logistics and support, and will be financed by allied and Ukrainian funds rather than direct U.S. funding. The sale could add to LMT’s missile backlog, although no delivery schedule was provided. U.S. approves $2.1 billion Patriot missile sale to Ukraine
• Positive Sentiment: Recent coverage highlights Lockheed Martin’s record $292 billion backlog, continued F-35 production at 156 aircraft annually and a 10-year F-35 agreement with the Pentagon. These developments improve long-term revenue visibility and support the case for sustained military demand. Lockheed Martin long-term investor takeaways
• Positive Sentiment: Analysts and investors are also encouraged by potentially better Department of Defense contract terms, with higher-margin Missiles and Fire Control activities expected to improve profitability and reduce development and execution risk. Lockheed Martin backlog analysis
• Neutral Sentiment: Analysts remain divided on LMT versus faster-growing defense companies such as Kratos Defense. While the backlog and F-35 progress are favorable, valuation, cash generation and uncertainty over future U.S. defense budgets remain key considerations. Kratos Defense versus Lockheed Martin analysis
• Negative Sentiment: After a roughly 27% October rally, some investors may be taking profits. Coverage also flags gradually weakening margins and warns that management’s January update on profitability and execution could determine whether the recent advance is sustainable. Lockheed Martin October rally analysis

Lockheed Martin Trading Up 0.1%

Shares of Lockheed Martin stock opened at $637.60 on Monday. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.10 and a current ratio of 1.26. The company has a market capitalization of $147.29 billion, a P/E ratio of 22.65, a PEG ratio of 1.35 and a beta of 0.09. The company’s fifty day moving average is $544.17 and its two-hundred day moving average is $568.87.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, October 22nd. The aerospace company reported $7.97 EPS for the quarter, beating analysts’ consensus estimates of $7.52 by $0.45. Lockheed Martin had a net margin of 8.23% and a return on equity of 83.41%. The business had revenue of $20.71 billion during the quarter, compared to analysts’ expectations of $20.48 billion. During the same period in the prior year, the company earned $6.95 earnings per share. The business’s revenue was up 11.3% compared to the same quarter last year. Analysts forecast that Lockheed Martin Corporation will post 30.66 earnings per share for the current year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be given a $3.60 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.45. The ex-dividend date is Tuesday, December 1st. This represents a $14.40 annualized dividend and a yield of 2.3%. Lockheed Martin’s payout ratio is presently 51.15%.

Analyst Ratings Changes

LMT has been the topic of several recent research reports. UBS Group lifted their target price on shares of Lockheed Martin from $653.00 to $692.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. Barclays raised their target price on Lockheed Martin from $554.00 to $560.00 and gave the stock an “equal weight” rating in a research note on Friday, October 23rd. Wall Street Zen lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 17th. Robert W. Baird set a $700.00 price objective on Lockheed Martin in a research report on Friday, July 24th. Finally, Sanford C. Bernstein lowered their price objective on Lockheed Martin from $629.00 to $564.00 and set a “market perform” rating for the company in a research report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $638.05.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.