Lockheed Martin Corporation $LMT Stock Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 5.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 114,802 shares of the aerospace company’s stock after purchasing an additional 5,480 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Lockheed Martin were worth $58,463,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LMT. Burnham & Co LLC bought a new position in Lockheed Martin during the second quarter valued at approximately $25,000. Field & Main Bank purchased a new position in shares of Lockheed Martin during the second quarter worth approximately $26,000. Kelleher Financial Advisors purchased a new position in shares of Lockheed Martin during the second quarter worth approximately $29,000. Highland Investment Advisors LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter worth approximately $29,000. Finally, IAG Wealth Partners LLC lifted its holdings in shares of Lockheed Martin by 4,800.0% in the 1st quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 48 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Key Lockheed Martin News

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

• Positive Sentiment: The U.S. State Department approved a possible $2.1 billion Patriot missile package for Ukraine, naming Lockheed Martin as the principal contractor. The package includes 500 PAC-3 MSE interceptors, spare parts, logistics and support, and will be financed by allied and Ukrainian funds rather than direct U.S. funding. The sale could add to LMT’s missile backlog, although no delivery schedule was provided. U.S. approves $2.1 billion Patriot missile sale to Ukraine
• Positive Sentiment: Recent coverage highlights Lockheed Martin’s record $292 billion backlog, continued F-35 production at 156 aircraft annually and a 10-year F-35 agreement with the Pentagon. These developments improve long-term revenue visibility and support the case for sustained military demand. Lockheed Martin long-term investor takeaways
• Positive Sentiment: Analysts and investors are also encouraged by potentially better Department of Defense contract terms, with higher-margin Missiles and Fire Control activities expected to improve profitability and reduce development and execution risk. Lockheed Martin backlog analysis
• Neutral Sentiment: Analysts remain divided on LMT versus faster-growing defense companies such as Kratos Defense. While the backlog and F-35 progress are favorable, valuation, cash generation and uncertainty over future U.S. defense budgets remain key considerations. Kratos Defense versus Lockheed Martin analysis
• Negative Sentiment: After a roughly 27% October rally, some investors may be taking profits. Coverage also flags gradually weakening margins and warns that management’s January update on profitability and execution could determine whether the recent advance is sustainable. Lockheed Martin October rally analysis

Lockheed Martin Price Performance

LMT opened at $637.60 on Friday. The stock’s 50 day simple moving average is $544.17 and its 200 day simple moving average is $568.87. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.26 and a quick ratio of 1.10. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00. The firm has a market cap of $147.29 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 1.37 and a beta of 0.09.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, October 22nd. The aerospace company reported $7.97 EPS for the quarter, topping analysts’ consensus estimates of $7.52 by $0.45. Lockheed Martin had a return on equity of 83.41% and a net margin of 8.23%. The business had revenue of $20.71 billion for the quarter, compared to analysts’ expectations of $20.48 billion. During the same period in the previous year, the firm earned $6.95 EPS. The business’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, analysts predict that Lockheed Martin Corporation will post 30.59 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be issued a $3.60 dividend. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.45. This represents a $14.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, December 1st. Lockheed Martin’s dividend payout ratio (DPR) is 49.02%.

Wall Street Analyst Weigh In

LMT has been the subject of a number of research reports. Barclays upped their price objective on shares of Lockheed Martin from $554.00 to $560.00 and gave the company an “equal weight” rating in a research note on Friday, October 23rd. Bank of America reiterated a “neutral” rating and issued a $620.00 target price on shares of Lockheed Martin in a research report on Monday. Vertical Research upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $600.00 target price on the stock in a research report on Wednesday, October 14th. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a research note on Friday, July 24th. Finally, UBS Group upped their price target on shares of Lockheed Martin from $653.00 to $692.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $638.05.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.