Capital World Investors Sells 1,035,763 Shares of Lockheed Martin Corporation $LMT

Capital World Investors decreased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 36.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,817,586 shares of the aerospace company’s stock after selling 1,035,763 shares during the period. Capital World Investors’ holdings in Lockheed Martin were worth $879,112,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Sanders Capital LLC purchased a new position in shares of Lockheed Martin during the third quarter valued at approximately $252,699,000. First Trust Advisors LP boosted its holdings in Lockheed Martin by 286.1% in the third quarter. First Trust Advisors LP now owns 503,428 shares of the aerospace company’s stock worth $251,316,000 after purchasing an additional 373,027 shares during the last quarter. Canoe Financial LP purchased a new stake in Lockheed Martin in the fourth quarter worth approximately $166,403,000. SG Americas Securities LLC grew its position in Lockheed Martin by 7,309.8% in the 4th quarter. SG Americas Securities LLC now owns 262,233 shares of the aerospace company’s stock worth $126,834,000 after purchasing an additional 258,694 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Lockheed Martin by 41.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 808,409 shares of the aerospace company’s stock valued at $403,534,000 after buying an additional 236,137 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $524.13 on Monday. The stock has a market cap of $120.85 billion, a P/E ratio of 25.38, a P/E/G ratio of 0.95 and a beta of 0.10. 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 stock’s fifty day moving average is $556.10 and its 200 day moving average is $560.80. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $692.00.

Lockheed Martin (NYSE:LMT) last released 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 company 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 business’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the firm posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Sell-side analysts anticipate that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be paid a dividend of $3.45 per share. The ex-dividend date is Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. Lockheed Martin’s payout ratio is 66.83%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LMT shares. Argus raised their price target on Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Bank of America cut their price target on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Finally, Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $620.68.

About Lockheed Martin

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.