Lockheed Martin Corporation $LMT Shares Sold by State Street Corp

State Street Corp decreased its position in Lockheed Martin Corporation (NYSE:LMT) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,666,918 shares of the aerospace company’s stock after selling 522,916 shares during the quarter. Lockheed Martin accounts for approximately 0.5% of State Street Corp’s holdings, making the stock its 28th largest position. State Street Corp owned 14.63% of Lockheed Martin worth $16,283,678,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Welch Group LLC lifted its holdings in shares of Lockheed Martin by 1.5% in the 4th quarter. Welch Group LLC now owns 132,684 shares of the aerospace company’s stock worth $64,175,000 after purchasing an additional 1,999 shares during the last quarter. Jain Global LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter worth approximately $38,064,000. Clough Capital Partners L P bought a new stake in shares of Lockheed Martin in the 3rd quarter worth approximately $31,018,000. Secured Retirement Advisors LLC lifted its holdings in shares of Lockheed Martin by 288.6% in the 4th quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company’s stock worth $1,513,000 after purchasing an additional 2,323 shares during the last quarter. Finally, World Investment Advisors lifted its holdings in shares of Lockheed Martin by 54.7% in the 4th quarter. World Investment Advisors now owns 14,739 shares of the aerospace company’s stock worth $7,129,000 after purchasing an additional 5,214 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 1.6%

LMT stock opened at $539.94 on Friday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $692.00. The firm has a market cap of $124.49 billion, a P/E ratio of 26.15, a P/E/G ratio of 0.99 and a beta of 0.10. The business’s 50 day moving average is $548.13 and its 200-day moving average is $562.41. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74.

Lockheed Martin (NYSE:LMT) last released 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). The business had revenue of $18.02 billion for 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%.The firm’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the company earned $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities analysts anticipate that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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

Analyst Ratings Changes

LMT has been the topic of several recent analyst reports. DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Argus lifted their price target on Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a report on Friday, March 6th. Deutsche Bank Aktiengesellschaft lowered their price target on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a report on Friday, April 24th. Royal Bank Of Canada lowered their price target on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a report on Friday, April 24th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $595.00 target price on shares of Lockheed Martin in a research note on Sunday, April 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $620.68.

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.