Kentucky Farm Bureau Mutual Insurance Co Invests $3.57 Million in Lockheed Martin Corporation $LMT

Kentucky Farm Bureau Mutual Insurance Co bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, Holdings Channel.com reports. The firm bought 7,000 shares of the aerospace company’s stock, valued at approximately $3,566,000. Lockheed Martin accounts for approximately 1.0% of Kentucky Farm Bureau Mutual Insurance Co’s portfolio, making the stock its 28th largest holding.

A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Lockheed Martin in the 2nd quarter valued at $9,617,574,000. Charles Schwab Investment Management Inc. increased its position in shares of Lockheed Martin by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock valued at $4,178,399,000 after purchasing an additional 114,900 shares during the last quarter. Morgan Stanley grew its holdings in Lockheed Martin by 10.1% during the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after purchasing an additional 527,523 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Lockheed Martin by 0.6% during the fourth quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock valued at $807,866,000 after buying an additional 10,349 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Lockheed Martin by 7.4% in the fourth quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company’s stock worth $696,891,000 after purchasing an additional 99,403 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Trading Down 2.9%

NYSE LMT opened at $589.47 on Thursday. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00. The company has a 50 day moving average price of $546.85 and a 200 day moving average price of $576.25. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. The firm has a market cap of $136.04 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 1.04 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same quarter last year, the firm earned $1.46 EPS. The business’s quarterly 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, sell-side analysts forecast that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s payout ratio is presently 50.87%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LMT shares. Susquehanna decreased their price objective on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a report on Friday, April 24th. Royal Bank Of Canada lifted their price target on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. UBS Group reissued a “neutral” rating and issued a $581.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. Bank of America reduced their price objective on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Finally, DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.