Strs Ohio Sells 2,725 Shares of Lockheed Martin Corporation $LMT

Strs Ohio trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 4.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 56,316 shares of the aerospace company’s stock after selling 2,725 shares during the period. Strs Ohio’s holdings in Lockheed Martin were worth $34,037,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Basso Capital Management L.P. purchased a new position in shares of Lockheed Martin in the 4th quarter worth approximately $25,000. United Financial Planning Group LLC acquired a new stake in Lockheed Martin in the third quarter valued at approximately $25,000. Clarity Asset Management Inc. acquired a new stake in Lockheed Martin in the fourth quarter valued at approximately $26,000. Triumph Capital Management grew its holdings in Lockheed Martin by 66.7% in the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 22 shares during the last quarter. Finally, Bard Associates Inc. purchased a new position in Lockheed Martin in the fourth quarter worth $27,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin News Roundup

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

• Positive Sentiment: Lockheed Martin is reportedly close to winning the race for Ultra Maritime, a naval defense specialist, in a deal that could value the business at roughly $3.5 billion and may be announced as soon as next week. Lockheed Closes In on $3.5 Billion Ultra Maritime Deal
• Positive Sentiment: Lockheed continues to benefit from major defense contract wins, including a large THAAD interceptor production award and a Sentinel A4 radar contract, which support revenue visibility and underscore strong demand for missile-defense systems. Why Lockheed Martin (LMT) Is Up 6.1% After Massive Missile-Defense Contracts And Index Shift
• Neutral Sentiment: Analysts are looking ahead to Lockheed Martin’s Q2 earnings report on July 23, with expectations calling for a slight decline in earnings, so investors may stay cautious until results are released. What to Expect From Lockheed Martin’s Next Quarterly Earnings Report
• Negative Sentiment: Some commentary remains focused on Lockheed’s recent uneven quarter, with program charges and weaker cash flow still seen as a risk even after the stock’s rebound. General Dynamics Vs. Lockheed Martin: Buy General Dynamics for Deep Marine Backlogs

Wall Street Analyst Weigh In

Several analysts have recently commented on LMT shares. Weiss Ratings lowered Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Susquehanna dropped their target price on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a research note on Friday, April 24th. Argus upped their target price on Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Bank of America decreased their price target on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Finally, Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $613.63.

Lockheed Martin Trading Down 0.2%

NYSE LMT opened at $544.75 on Friday. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $692.00. The company has a fifty day simple moving average of $520.46 and a two-hundred day simple moving average of $568.63. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The stock has a market cap of $125.60 billion, a P/E ratio of 26.38, a P/E/G ratio of 0.99 and a beta of 0.11.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The company had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. Lockheed Martin’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the firm earned $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, analysts forecast that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 1st were paid a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 66.83%.

Lockheed Martin Company 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.