Lockheed Martin Corporation $LMT Shares Sold by Payden & Rygel

Payden & Rygel trimmed its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 97.0% during the third quarter, Holdings Channel reports. The institutional investor owned 740 shares of the aerospace company’s stock after selling 23,600 shares during the period. Payden & Rygel’s holdings in Lockheed Martin were worth $369,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Lockheed Martin by 1.0% during the second quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock worth $10,048,993,000 after purchasing an additional 214,565 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Lockheed Martin by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 4,884,954 shares of the aerospace company’s stock valued at $2,256,147,000 after purchasing an additional 19,459 shares during the period. Legal & General Group Plc increased its position in shares of Lockheed Martin by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 959,510 shares of the aerospace company’s stock valued at $444,387,000 after purchasing an additional 6,073 shares during the period. AQR Capital Management LLC raised its stake in shares of Lockheed Martin by 6.9% in the 2nd quarter. AQR Capital Management LLC now owns 863,839 shares of the aerospace company’s stock worth $400,079,000 after buying an additional 55,607 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Lockheed Martin by 16.6% in the second quarter. Ameriprise Financial Inc. now owns 761,382 shares of the aerospace company’s stock valued at $347,381,000 after buying an additional 108,553 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on LMT. Morgan Stanley set a $675.00 target price on Lockheed Martin in a report on Wednesday, February 4th. Royal Bank Of Canada raised their price objective on shares of Lockheed Martin from $615.00 to $650.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. UBS Group boosted their target price on shares of Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. TD Cowen raised their target price on shares of Lockheed Martin from $600.00 to $670.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Finally, Truist Financial lifted their price target on shares of Lockheed Martin from $605.00 to $695.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $612.50.

Lockheed Martin Price Performance

LMT stock opened at $658.10 on Monday. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $669.75. The firm has a 50-day moving average of $563.88 and a two-hundred day moving average of $502.82. The firm has a market capitalization of $151.42 billion, a PE ratio of 30.62, a P/E/G ratio of 1.19 and a beta of 0.23. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.67 EPS. On average, analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 2nd will be issued a $3.45 dividend. The ex-dividend date is Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.1%. Lockheed Martin’s dividend payout ratio is presently 64.22%.

Key Lockheed Martin News

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

• Positive Sentiment: Reports that Germany was weighing buying more F‑35 jets drove an initial rally by suggesting a material follow‑on order and revenue upside for Lockheed’s F‑35 program. Germany weighs buying more Lockheed F‑35 fighter jets – Reuters
• Positive Sentiment: Market commentary and early movers noted LMT shares rising as headlines circulated that Germany might expand its F‑35 purchase, a near‑term demand catalyst for production and backlog. Lockheed Martin Stock (LMT) Rises as Germany Eyes More F‑35 Fighter Jets – TipRanks
• Positive Sentiment: Coverage noting Germany’s approval/interest in the F‑35 helped investor sentiment and trading momentum earlier in the session. Why Lockheed Martin Stock Took Off Today – The Motley Fool
• Positive Sentiment: Lockheed secured a contract to upgrade/transform C‑130J aircrew training with Australia, adding modest near‑term revenue and reinforcing defense‑services growth beyond fighter production. Lockheed Martin Partners With Australia To Transform C‑130J Aircrew Training – Benzinga
• Positive Sentiment: Longer‑term thematic coverage (Artemis/lunar economy) highlights structural aerospace tailwinds that support multi‑year growth narratives for Lockheed and peers. Fly Me To The Moon – TalkMarkets
• Neutral Sentiment: Zacks analysis positioning LMT as a momentum name underscores favorable style scores and may attract style‑focused flows, but it’s not an immediate earnings or contract catalyst. Why Lockheed Martin (LMT) is a Top Momentum Stock for the Long‑Term – Zacks
• Neutral Sentiment: A separate Zacks piece arguing LMT is a strong value stock provides supporting analyst context for buy‑and‑hold investors but doesn’t change near‑term order risk. Here’s Why Lockheed Martin (LMT) is a Strong Value Stock – Zacks
• Negative Sentiment: Germany’s government later denied reports that it has made political decisions or concrete plans to order additional F‑35 aircraft, removing the primary near‑term upside catalyst and pressuring the stock. Germany Denies Report of Additional F‑35 Orders Beyond 35 Aircraft – Yahoo Finance

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.