Sumitomo Mitsui Trust Group Inc. Reduces Stock Position in Lockheed Martin Corporation $LMT

Sumitomo Mitsui Trust Group Inc. cut its position in Lockheed Martin Corporation (NYSE:LMT) by 0.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 548,567 shares of the aerospace company’s stock after selling 3,792 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Lockheed Martin worth $273,850,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LMT. Vanguard Group Inc. increased its holdings in Lockheed Martin by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock worth $10,048,993,000 after buying an additional 214,565 shares during the period. Geode Capital Management LLC lifted its stake in 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 acquiring an additional 19,459 shares during the period. Legal & General Group Plc lifted its stake in 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 acquiring an additional 6,073 shares during the period. AQR Capital Management LLC boosted its holdings 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 valued at $400,079,000 after acquiring an additional 55,607 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake 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 worth $347,381,000 after acquiring an additional 108,553 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Activity at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the completion of the sale, the chief operating officer owned 1 shares of the company’s stock, valued at $491.04. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on LMT. UBS Group restated a “neutral” rating on shares of Lockheed Martin in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $515.00 price objective (up previously from $465.00) on shares of Lockheed Martin in a report on Friday, December 19th. Jefferies Financial Group raised their target price on Lockheed Martin from $500.00 to $540.00 and gave the stock a “hold” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Lockheed Martin from $517.00 to $492.00 and set a “hold” rating for the company in a research report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $517.12.

Lockheed Martin Price Performance

NYSE:LMT opened at $551.25 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $554.27. The stock’s 50-day moving average price is $475.10 and its 200-day moving average price is $468.79. The stock has a market capitalization of $127.56 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 1.55 and a beta of 0.24.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The company had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. During the same quarter in the prior year, the business posted $6.84 earnings per share. Lockheed Martin’s revenue for the quarter was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

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.