Sumitomo Mitsui Trust Group Inc. Sells 26,509 Shares of Lockheed Martin Corporation $LMT

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 5.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 505,807 shares of the aerospace company’s stock after selling 26,509 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Lockheed Martin were worth $305,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Lockheed Martin by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock valued at $4,178,399,000 after purchasing an additional 114,900 shares during the period. Morgan Stanley increased its stake in shares of Lockheed Martin by 10.1% in the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock worth $2,770,729,000 after buying an additional 527,523 shares during the period. Wellington Management Group LLP raised its holdings in Lockheed Martin by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,384,753 shares of the aerospace company’s stock valued at $1,190,493,000 after buying an additional 79,491 shares during the last quarter. Invesco Ltd. raised its holdings in Lockheed Martin by 4.2% during the 3rd quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock valued at $1,096,294,000 after buying an additional 87,663 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Lockheed Martin by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock valued at $807,866,000 after buying an additional 10,349 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Trading Down 1.4%

NYSE LMT opened at $527.65 on Thursday. The firm has a market capitalization of $121.65 billion, a PE ratio of 25.55, a P/E/G ratio of 0.97 and a beta of 0.11. The stock’s 50 day moving average is $521.34 and its 200 day moving average is $570.48. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The firm had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.Lockheed Martin’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the company posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Research analysts forecast that Lockheed Martin Corporation will post 29.93 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 1st were paid a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 66.83%.

More Lockheed Martin News

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

• Positive Sentiment: Lockheed Martin won two U.S. defense contracts worth more than $607 million, adding to its backlog and reinforcing steady demand across its defense programs. Lockheed Martin wins two U.S. defense contracts worth over $607M
• Positive Sentiment: Lockheed Martin and Rheinmetall advanced a plan to co-produce ATACMS missiles in Germany, while NATO allies also accelerated PAC-3 sustainment efforts in Europe, signaling expanding international demand for Lockheed’s missile systems. Reuters article on ATACMS co-production in Germany
• Positive Sentiment: Reports from the NATO summit highlighted billions in defense deals and rising European spending, which could support future orders for Lockheed Martin’s missiles, F-35s and other systems. Reuters article on NATO arms deals
• Neutral Sentiment: Lockheed Martin was also mentioned in a story about a White House helipad funded by its Sikorsky unit; this is more of a headline item than a meaningful earnings driver. Business Insider helipad article
• Negative Sentiment: Despite the contract wins, recent coverage says Lockheed Martin continues to face program execution challenges, and the stock has lagged its industry over the past month, which may be weighing on sentiment. Zacks article on pullback and execution challenges

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their price target on shares of Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a report on Friday, April 24th. Jefferies Financial Group set a $575.00 price objective on shares of Lockheed Martin in a research note on Thursday, June 25th. Weiss Ratings lowered shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Bank of America cut their target price on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Finally, UBS Group reduced their price target on Lockheed Martin from $683.00 to $538.00 in a report on Tuesday, June 30th. One research 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 given a Sell rating to the company. According to MarketBeat.com, Lockheed Martin has an average rating of “Hold” and a consensus price target of $609.68.

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.