Lockheed Martin Corporation $LMT Stock: Maryland State Retirement & Pension System Grows Position

Maryland State Retirement & Pension System increased its stake in Lockheed Martin Corporation (NYSE:LMT) by 11.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,327 shares of the aerospace company’s stock after acquiring an additional 1,302 shares during the period. Maryland State Retirement & Pension System’s holdings in Lockheed Martin were worth $6,278,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LMT. BlackRock Inc. bought a new position in Lockheed Martin during the 2nd quarter worth approximately $9,617,574,000. Corient Private Wealth LP bought a new stake in Lockheed Martin in the second quarter valued at approximately $101,960,000. Bank of New York Mellon Corp purchased a new stake in shares of Lockheed Martin during the second quarter valued at approximately $645,258,000. Legal & General Group Plc bought a new position in shares of Lockheed Martin in the second quarter worth approximately $497,469,000. Finally, Sanders Capital LLC grew its holdings in shares of Lockheed Martin by 44.8% in the third quarter. Sanders Capital LLC now owns 3,030,638 shares of the aerospace company’s stock worth $1,543,352,000 after purchasing an additional 937,105 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on LMT. Rothschild & Co Redburn began coverage on shares of Lockheed Martin in a research note on Tuesday, October 6th. They issued a “buy” rating and a $650.00 target price on the stock. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a research report on Friday, July 24th. Barclays raised their price target on shares of Lockheed Martin from $554.00 to $560.00 and gave the stock an “equal weight” rating in a report on Friday, October 23rd. UBS Group boosted their price objective on shares of Lockheed Martin from $653.00 to $692.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Finally, Jefferies Financial Group restated a “hold” rating and issued a $615.00 price objective on shares of Lockheed Martin in a research report on Sunday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average price target of $647.00.

Key Headlines Impacting Lockheed Martin

Here are a few of the latest headlines about LMT:

• Positive Sentiment: An investment commentary argues that LMT remains attractive despite budget debate, citing a reported record $292 billion backlog, ongoing production ramps, and an F-35 framework that may improve planning and investment visibility. Article: Lockheed Martin Stock Looks Attractive Despite the Budget Debate
• Neutral Sentiment: New market reports identify Lockheed Martin as a participant in UAV satellite communications and AI-enabled counter-drone systems, highlighting potential growth markets but offering no LMT-specific award or revenue update. Article: Global UAV Satellite Communication Market Report
• Negative Sentiment: The key risk remains uncertainty about next year’s Pentagon budget. Existing contracts and backlog provide visibility, but spending delays or cuts could weigh on future awards and growth. Article: Lockheed Martin Stock Looks Attractive Despite the Budget Debate

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $603.53 on Friday. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.26 and a quick ratio of 1.10. The company’s 50-day moving average is $552.34 and its 200 day moving average is $569.92. The stock has a market capitalization of $139.42 billion, a P/E ratio of 21.44, a P/E/G ratio of 1.29 and a beta of 0.07.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Thursday, October 22nd. The aerospace company reported $7.97 EPS for the quarter, topping the consensus estimate of $7.52 by $0.45. Lockheed Martin had a net margin of 8.23% and a return on equity of 83.41%. The business had revenue of $20.71 billion during the quarter, compared to analyst estimates of $20.48 billion. During the same period last year, the business posted $6.95 earnings per share. Lockheed Martin’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts expect that Lockheed Martin Corporation will post 30.66 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be paid a $3.60 dividend. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.45. Lockheed Martin’s dividend payout ratio (DPR) is 49.02%.

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.