California Public Employees Retirement System Boosts Position in Lockheed Martin Corporation $LMT

California Public Employees Retirement System grew its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 7.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 550,545 shares of the aerospace company’s stock after buying an additional 35,813 shares during the period. California Public Employees Retirement System’s holdings in Lockheed Martin were worth $332,744,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Diamant Asset Management Inc. lifted its stake in Lockheed Martin by 60,339.0% during the first quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock worth $531,493,000 after purchasing an additional 877,932 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Lockheed Martin by 107.3% in the 4th quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock valued at $625,784,000 after purchasing an additional 669,604 shares in the last quarter. Morgan Stanley grew its holdings in shares of Lockheed Martin by 10.1% during the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after purchasing an additional 527,523 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Lockheed Martin by 203.3% during the 4th quarter. Corient Private Wealth LLC now owns 560,363 shares of the aerospace company’s stock valued at $271,031,000 after purchasing an additional 375,622 shares during the last quarter. Finally, Canoe Financial LP purchased a new position in Lockheed Martin in the 4th quarter worth $166,403,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LMT has been the subject of several recent research reports. Citigroup raised shares of Lockheed Martin from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $571.00 to $582.00 in a research note on Wednesday, July 1st. Wall Street Zen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Bank of America dropped their target price on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Morgan Stanley reduced their price target on Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Finally, DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and an average price target of $607.58.

Key Lockheed Martin News

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

• Positive Sentiment: Lockheed Martin won a major U.S. Special Operations Command logistics and sustainment contract, adding to its defense backlog and improving revenue visibility. Lockheed Martin to Provide Next-Generation Logistics and Sustainment Support for U.S. Special Operations Command Under New Contract
• Positive Sentiment: The company is expanding missile production under new U.S. agreements, benefiting from rising demand for air and missile defense systems. Can Lockheed Martin’s Missile Defense Business Power Long-Term Growth?
• Positive Sentiment: Lockheed Martin Ventures is opening a London office and earmarking at least $100 million for investments in U.K. and European defense technologies, which could strengthen its long-term innovation pipeline. Lockheed Martin Earmarks $100 Million for Venture Capital Investments in U.K., Europe

Lockheed Martin Stock Down 0.9%

NYSE LMT opened at $508.93 on Friday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $692.00. The stock has a market capitalization of $117.34 billion, a PE ratio of 24.65, a PEG ratio of 0.92 and a beta of 0.11. 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 business’s 50-day moving average is $521.95 and its 200 day moving average is $571.52.

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). 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 period in the previous year, the company earned $7.28 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Sell-side analysts forecast that Lockheed Martin Corporation will post 29.94 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 1st were paid a dividend of $3.45 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. Lockheed Martin’s payout ratio is 66.83%.

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.