Royal London Asset Management Ltd. Purchases 69,900 Shares of Lockheed Martin Corporation $LMT

Royal London Asset Management Ltd. raised its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 36.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,615 shares of the aerospace company’s stock after purchasing an additional 69,900 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Lockheed Martin were worth $134,301,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LMT. Basso Capital Management L.P. acquired a new position in Lockheed Martin during the 4th quarter valued at about $25,000. Burnham & Co LLC purchased a new position in Lockheed Martin during the 2nd quarter worth $25,000. United Financial Planning Group LLC purchased a new stake in shares of Lockheed Martin in the third quarter valued at about $25,000. Clarity Asset Management Inc. bought a new position in shares of Lockheed Martin during the fourth quarter valued at about $26,000. Finally, Field & Main Bank purchased a new position in Lockheed Martin during the second quarter worth about $26,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 0.4%

Shares of Lockheed Martin stock opened at $563.82 on Friday. The stock has a market capitalization of $130.12 billion, a P/E ratio of 20.78, a P/E/G ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The stock’s 50-day simple moving average is $551.70 and its 200 day simple moving average is $573.75.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter last year, the company 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. As a group, research analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on LMT shares. Wall Street Zen upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Morgan Stanley upped their price objective on Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a research note on Monday, July 27th. Finally, TD Cowen cut their price target on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and a consensus price target of $632.39.

Lockheed Martin Company 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.