Legal & General Group Plc Has $444.39 Million Holdings in Lockheed Martin Corporation $LMT

Legal & General Group Plc lifted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 0.6% during the second quarter, Holdings Channel reports. The fund owned 959,510 shares of the aerospace company’s stock after buying an additional 6,073 shares during the quarter. Legal & General Group Plc’s holdings in Lockheed Martin were worth $444,387,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tyler Stone Wealth Management raised its holdings in shares of Lockheed Martin by 3.3% during the first quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock valued at $306,000 after purchasing an additional 22 shares during the period. Investment Advisory Services Inc. TX ADV increased its position in Lockheed Martin by 4.7% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock valued at $225,000 after buying an additional 22 shares in the last quarter. Broadway Wealth Solutions Inc. raised its stake in Lockheed Martin by 4.5% during the 2nd quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock worth $237,000 after buying an additional 22 shares during the period. Gilbert & Cook Inc. raised its stake in Lockheed Martin by 2.0% during the 1st quarter. Gilbert & Cook Inc. now owns 1,198 shares of the aerospace company’s stock worth $535,000 after buying an additional 23 shares during the period. Finally, Davis Investment Partners LLC boosted its holdings in Lockheed Martin by 2.0% in the second quarter. Davis Investment Partners LLC now owns 1,168 shares of the aerospace company’s stock worth $544,000 after acquiring an additional 23 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $460.15 on Friday. The business’s fifty day simple moving average is $484.68 and its 200 day simple moving average is $466.89. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $106.48 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 1.69 and a beta of 0.25. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $546.00.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. The firm had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a $3.45 dividend. The ex-dividend date is Monday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a dividend yield of 3.0%. Lockheed Martin’s dividend payout ratio is presently 77.05%.

Analysts Set New Price Targets

Several research firms have recently commented on LMT. Susquehanna boosted their price objective on Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a report on Thursday, October 9th. Bank of America lowered their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. The Goldman Sachs Group boosted their target price on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Royal Bank Of Canada lifted their price target on Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 7th. Finally, UBS Group lowered their price objective on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $513.47.

Insider Activity at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the transaction, the chief operating officer owned 1 shares of the company’s stock, valued at $491.04. This represents a 99.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by corporate insiders.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.