Legal & General Group Plc Sells 28,464 Shares of Lockheed Martin Corporation $LMT

Legal & General Group Plc decreased its position in Lockheed Martin Corporation (NYSE:LMT) by 2.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 994,476 shares of the aerospace company’s stock after selling 28,464 shares during the period. Legal & General Group Plc’s holdings in Lockheed Martin were worth $480,998,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. United Financial Planning Group LLC bought a new position in shares of Lockheed Martin in the third quarter worth approximately $25,000. Tucker Asset Management LLC bought a new position in shares of Lockheed Martin in the fourth quarter worth approximately $32,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Lockheed Martin in the third quarter worth approximately $35,000. Beacon Financial Strategies CORP bought a new position in shares of Lockheed Martin in the fourth quarter worth approximately $34,000. Finally, Wexford Capital LP bought a new position in shares of Lockheed Martin in the third quarter worth approximately $36,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE:LMT opened at $533.57 on Tuesday. The stock has a market cap of $123.02 billion, a P/E ratio of 25.84, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10. The firm’s fifty day simple moving average is $575.32 and its 200 day simple moving average is $556.85. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing the consensus estimate of $6.79 by ($0.35). The company had revenue of $18.02 billion during 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 was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, research analysts predict that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be given a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $13.80 annualized dividend and a yield of 2.6%. Lockheed Martin’s dividend payout ratio (DPR) is currently 66.83%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a report on Friday, April 24th. Citigroup cut their price target on shares of Lockheed Martin from $675.00 to $571.00 and set a “neutral” rating on the stock in a report on Monday, May 18th. Wall Street Zen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Argus lifted their price target on shares of Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a report on Friday, March 6th. Finally, UBS Group lifted their price target on shares of Lockheed Martin from $580.00 to $663.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve 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 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.