VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Lockheed Martin Corporation $LMT

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Lockheed Martin Corporation (NYSE:LMT) during the second quarter, according to its most recent filing with the SEC. The firm purchased 109,322 shares of the aerospace company’s stock, valued at approximately $55,695,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IAG Wealth Partners LLC boosted its position in shares of Lockheed Martin by 4,800.0% during the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 48 shares in the last quarter. Burnham & Co LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter valued at $25,000. United Financial Planning Group LLC acquired a new stake in Lockheed Martin during the 3rd quarter worth $25,000. Basso Capital Management L.P. acquired a new stake in Lockheed Martin during the 4th quarter worth $25,000. Finally, Field & Main Bank bought a new position in Lockheed Martin during the second quarter worth about $26,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.1%

LMT stock opened at $524.58 on Monday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The stock has a market capitalization of $121.07 billion, a P/E ratio of 19.34, a P/E/G ratio of 1.14 and a beta of 0.10. The business has a 50-day moving average of $555.58 and a 200-day moving average of $569.73. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. The business had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.Lockheed Martin’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, sell-side analysts anticipate that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be issued a $3.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. Lockheed Martin’s dividend payout ratio (DPR) is 50.87%.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of research analyst reports. Citigroup boosted their target price on Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Wall Street Zen upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 29th. Morgan Stanley increased their target price on Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Finally, UBS Group restated a “neutral” rating and set a $581.00 target price on shares of Lockheed Martin in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $632.39.

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.