Lockheed Martin Corporation $LMT Stock Sold by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC lowered its position in Lockheed Martin Corporation (NYSE:LMT) by 35.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,659 shares of the aerospace company’s stock after selling 918 shares during the quarter. Eagle Rock Investment Company LLC’s holdings in Lockheed Martin were worth $845,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Lockheed Martin by 1.3% in the 2nd quarter. State Street Corp now owns 32,975,170 shares of the aerospace company’s stock valued at $16,799,530,000 after purchasing an additional 419,582 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at $9,617,574,000. Corient Private Wealth LP acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at $101,960,000. Bank of New York Mellon Corp purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth $645,258,000. Finally, Legal & General Group Plc purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth $497,469,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Robert W. Baird set a $700.00 target price on shares of Lockheed Martin in a research note on Friday, July 24th. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a report on Monday, July 27th. Morgan Stanley raised their price target 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. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a report on Wednesday, September 2nd. Finally, Royal Bank Of Canada decreased their price target on Lockheed Martin from $600.00 to $550.00 and set a “sector perform” rating for the company in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and an average price target of $627.10.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $551.76 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00. The firm’s 50 day moving average is $538.78 and its two-hundred day moving average is $542.10. The firm has a market capitalization of $127.34 billion, a P/E ratio of 19.08, a P/E/G ratio of 1.18 and a beta of 0.09.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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. The business had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.46 EPS. Research analysts forecast that Lockheed Martin Corporation will post 30.43 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be given a $3.60 dividend. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.45. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.6%. Lockheed Martin’s payout ratio is 50.87%.

Lockheed Martin News Summary

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

• Positive Sentiment: Lockheed’s role in missile-defense expansion was highlighted by a seven-year, $218 million agreement with Karman Space & Defense to supply THAAD missile shrouds. The contract supports production visibility across Lockheed’s supply chain and underscores sustained Pentagon demand for interceptors. Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
• Positive Sentiment: Lockheed is also expanding munitions manufacturing capacity with Hadrian, potentially helping address constrained production and replenish allied inventories. The broader defense sector is benefiting from increased government spending and multiyear procurement programs. Inside the Lockheed-Hadrian deal promising more munitions
• Positive Sentiment: Analysts expect quarterly earnings of approximately $7.52 per share on $20.46 billion in revenue. Investors are looking for another strong result, backlog commentary and confirmation of full-year guidance after Lockheed previously reported substantial earnings and revenue growth. Lockheed Martin Q3 Preview
• Neutral Sentiment: Lockheed’s free-cash-flow yield and dividend profile may attract income-oriented investors, particularly as the shares trade well below their highs. However, the market appears to be weighing that cash generation against concerns that growth could moderate. Why Is Everyone Ignoring Lockheed Martin Stock’s High Cash Yield?
• Negative Sentiment: Key risks include political uncertainty around defense budgets, rising competition and the possibility that a record backlog will take longer to convert into profitable cash flow. These concerns have contributed to LMT’s pullback from its 52-week high. Lockheed Martin stock flashes a risky pattern

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.