Dimensional Fund Advisors LP Sells 31,655 Shares of Lockheed Martin Corporation $LMT

Dimensional Fund Advisors LP decreased its stake in Lockheed Martin Corporation (NYSE:LMT) by 2.5% during the 1st quarter, HoldingsChannel reports. The fund owned 1,211,613 shares of the aerospace company’s stock after selling 31,655 shares during the period. Dimensional Fund Advisors LP’s holdings in Lockheed Martin were worth $732,286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Scarborough Advisors LLC acquired a new position in Lockheed Martin during the 1st quarter valued at $4,002,000. Parallel Advisors LLC boosted its holdings in Lockheed Martin by 1.2% in the 1st quarter. Parallel Advisors LLC now owns 6,064 shares of the aerospace company’s stock valued at $3,665,000 after purchasing an additional 73 shares during the period. Resolute Wealth Strategies LLC acquired a new stake in Lockheed Martin in the 1st quarter worth $203,000. Ironwood Investment Counsel LLC grew its position in Lockheed Martin by 1.2% in the 1st quarter. Ironwood Investment Counsel LLC now owns 17,332 shares of the aerospace company’s stock worth $10,476,000 after purchasing an additional 208 shares during the last quarter. Finally, Decker Wealth Management LLC bought a new position in shares of Lockheed Martin during the 1st quarter worth about $1,075,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. UBS Group decreased their target price on Lockheed Martin from $683.00 to $538.00 in a research report on Tuesday, June 30th. Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Finally, Susquehanna cut their price target on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $607.58.

Key Stories Impacting Lockheed Martin

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 Up 0.0%

LMT opened at $508.93 on Monday. The firm has a market cap of $117.34 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 0.91 and a beta of 0.11. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. The firm’s 50-day simple moving average is $521.95 and its 200-day simple moving average is $572.11. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.79 by ($0.35). The firm had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the business earned $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities research analysts anticipate that Lockheed Martin Corporation will post 29.94 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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

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.