Varma Mutual Pension Insurance Co Purchases Shares of 36,600 Lockheed Martin Corporation $LMT

Varma Mutual Pension Insurance Co acquired a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 36,600 shares of the aerospace company’s stock, valued at approximately $18,646,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Basso Capital Management L.P. acquired a new position in Lockheed Martin in the fourth quarter valued at $25,000. Burnham & Co LLC purchased a new stake in Lockheed Martin during the second quarter valued at about $25,000. United Financial Planning Group LLC acquired a new stake in Lockheed Martin during the third quarter worth about $25,000. Clarity Asset Management Inc. acquired a new stake in Lockheed Martin during the fourth quarter worth about $26,000. Finally, Triumph Capital Management raised its holdings 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 purchasing an additional 22 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $564.61 on Friday. Lockheed Martin Corporation has a 12 month low of $437.25 and a 12 month high of $692.00. 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 firm has a market capitalization of $130.31 billion, a P/E ratio of 20.81, a P/E/G ratio of 0.97 and a beta of 0.10. The company’s fifty day moving average price is $547.80 and its two-hundred day moving average price is $575.73.

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

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is currently 50.87%.

Analyst Ratings Changes

Several research firms have recently weighed in on LMT. Robert W. Baird set a $700.00 price objective on Lockheed Martin in a research note on Friday, July 24th. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a research report on Sunday, July 26th. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. UBS Group reaffirmed a “neutral” rating and set a $581.00 price target on shares of Lockheed Martin in a research report on Friday, July 24th. Finally, Morgan Stanley boosted their price objective on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $632.39.

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.