Legal & General Group Plc Boosts Stock Position in Lockheed Martin Corporation $LMT

Legal & General Group Plc lifted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 6.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,022,940 shares of the aerospace company’s stock after purchasing an additional 63,430 shares during the period. Legal & General Group Plc owned about 0.44% of Lockheed Martin worth $510,662,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Carnegie Investment Counsel boosted its position in shares of Lockheed Martin by 11.4% in the third quarter. Carnegie Investment Counsel now owns 29,639 shares of the aerospace company’s stock worth $14,796,000 after purchasing an additional 3,031 shares during the period. VCI Wealth Management LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $3,075,000. DAVENPORT & Co LLC lifted its stake in shares of Lockheed Martin by 22.4% during the 3rd quarter. DAVENPORT & Co LLC now owns 25,423 shares of the aerospace company’s stock valued at $12,688,000 after buying an additional 4,652 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Lockheed Martin by 29.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,036 shares of the aerospace company’s stock worth $5,010,000 after buying an additional 2,270 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in Lockheed Martin by 9.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 39,410 shares of the aerospace company’s stock worth $19,674,000 after buying an additional 3,352 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Key Headlines Impacting Lockheed Martin

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

• Positive Sentiment: Sikorsky (a Lockheed Martin company) and Robinson unveiled the R66 TURBINETRUCK — an autonomous, cargo-focused R66 equipped with Sikorsky’s MATRIX autonomy. This expands Sikorsky’s addressable market for unmanned logistics/resupply and showcases tech that could win commercial and defense programs. GlobeNewswire: MATRIX into R66 TURBINETRUCK
• Positive Sentiment: Company reports and coverage note a push to ramp munitions production and expand facilities to meet near-term Middle East allied demand — a direct revenue driver that can lift sales in the quarters ahead. Yahoo: Lockheed ramps munitions output
• Positive Sentiment: Lockheed won roughly $761 million in U.S. defense contracts, another near-term revenue/profits boost and evidence of continued program wins. Investing.com: $761M contracts
• Positive Sentiment: Sikorsky is rolling out an upgraded S‑92A+ with rising global demand and operator renewals — supports aftermarket, production and services revenue. TipRanks: S-92A+ rollout
• Positive Sentiment: Analyst sentiment includes a higher price target ($735) and coverage arguing LMT is a long-term value pick — supportive for investor confidence and potential buying interest. AmericanBankingNews: Price target raised
• Positive Sentiment: Macro flows into defense ETFs as conflict in the region continues can provide sustained buyer demand for prime contractors like LMT. MarketBeat: Defense ETF rally
• Neutral Sentiment: Fundamental coverage (Zacks, others) highlights LMT as a long-term value/momentum stock — useful context but not an immediate catalyst. Zacks: Top value stock
• Negative Sentiment: Industry sentiment is mixed: a Barron’s piece notes defense stocks are slipping and that the Iran conflict hasn’t uniformly boosted the sector — sector weakness can pressure LMT despite company-specific wins. Barron’s: Defense stocks are down
• Negative Sentiment: Valuation/positioning critiques (e.g., Seeking Alpha pieces) warn that much of LMT’s upside may already be priced in, which can limit further near-term gains and encourage profit-taking. Seeking Alpha: Upside priced in
• Negative Sentiment: Recent quarterly results showed an EPS miss (Jan 29) even as revenue grew — a reminder that execution, program losses and high leverage remain investor concerns.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LMT shares. UBS Group upped their price objective on Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. BNP Paribas Exane lifted their target price on Lockheed Martin from $550.00 to $570.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. The Goldman Sachs Group boosted their price target on shares of Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a research report on Monday, February 2nd. Jefferies Financial Group increased their price target on Lockheed Martin from $540.00 to $630.00 and gave the company a “hold” rating in a report on Sunday, February 1st. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $654.00 price objective on shares of Lockheed Martin in a research note on Friday, February 6th. Six investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $618.95.

Lockheed Martin Price Performance

NYSE:LMT opened at $651.52 on Wednesday. The firm has a market cap of $149.90 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 1.20 and a beta of 0.22. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $692.00. The firm’s fifty day moving average is $606.84 and its two-hundred day moving average is $521.64. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The firm had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same quarter last year, the company posted $7.67 EPS. The company’s revenue was up 9.1% on a year-over-year basis. Research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 2nd will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, March 2nd. Lockheed Martin’s payout ratio is presently 64.22%.

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.