Korea Investment CORP Purchases 25,656 Shares of Lockheed Martin Corporation $LMT

Korea Investment CORP lifted its position in Lockheed Martin Corporation (NYSE:LMT) by 17.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,294 shares of the aerospace company’s stock after acquiring an additional 25,656 shares during the quarter. Korea Investment CORP’s holdings in Lockheed Martin were worth $84,784,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. United Financial Planning Group LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter worth $25,000. Triumph Capital Management grew its stake in shares of Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 22 shares in the last quarter. Tucker Asset Management LLC bought a new stake in shares of Lockheed Martin in the 4th quarter worth $32,000. Beacon Financial Strategies CORP purchased a new position in shares of Lockheed Martin in the 4th quarter worth about $34,000. Finally, Wexford Capital LP purchased a new position in shares of Lockheed Martin in the 3rd quarter worth about $36,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 1.6%

Shares of NYSE LMT opened at $539.94 on Friday. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $692.00. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. The firm’s 50 day simple moving average is $548.13 and its two-hundred day simple moving average is $562.41. The stock has a market capitalization of $124.49 billion, a P/E ratio of 26.15, a PEG ratio of 0.99 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $18.38 billion. During the same quarter in the previous year, the business earned $7.28 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, analysts expect that Lockheed Martin Corporation will post 29.88 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be issued 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 dividend payout ratio (DPR) is currently 66.83%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LMT shares. 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. Bank of America cut their price target on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Wells Fargo & Company initiated coverage on shares of Lockheed Martin in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 price target on the stock. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Finally, Morgan Stanley cut their target price on shares of 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 research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and a consensus price target of $620.68.

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.