109,322 Shares in Lockheed Martin Corporation $LMT Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems acquired 109,322 Lockheed Martin shares worth approximately $55.7 million in the second quarter, while institutional investors collectively own 74.19% of the company.
• Lockheed Martin reported stronger-than-expected quarterly results, with earnings of $7.94 per share and revenue of $20.06 billion, up 10.5% year over year. The company set fiscal 2026 EPS guidance at $29.95–$30.65.
• Shares opened at $524.58, below their 50-day and 200-day moving averages. Analysts maintain a consensus “Hold” rating with an average price target of $632.39, while the company declared a quarterly dividend of $3.45 per share.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 109,322 shares of the aerospace company's stock, valued at approximately $55,695,000.

Other institutional investors have also recently bought and sold shares of the company. California State Teachers Retirement System raised its holdings in shares of Lockheed Martin by 49,985.5% in the second quarter. California State Teachers Retirement System now owns 163,027,709 shares of the aerospace company's stock valued at $83,056,097,000 after buying an additional 162,702,210 shares during the last quarter. Ameritas Advisory Services LLC grew its holdings in Lockheed Martin by 271.2% during the 2nd quarter. Ameritas Advisory Services LLC now owns 11,384 shares of the aerospace company's stock worth $5,800,000 after acquiring an additional 8,317 shares during the last quarter. Kintra Wealth LLC increased its position in Lockheed Martin by 46.2% in the 2nd quarter. Kintra Wealth LLC now owns 1,114 shares of the aerospace company's stock valued at $568,000 after acquiring an additional 352 shares in the last quarter. Mid American Wealth Advisory Group Inc. acquired a new stake in Lockheed Martin in the 2nd quarter valued at about $246,000. Finally, Angeles Wealth Management LLC increased its position in Lockheed Martin by 8.9% in the 2nd quarter. Angeles Wealth Management LLC now owns 2,272 shares of the aerospace company's stock valued at $1,157,000 after acquiring an additional 186 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Down 0.1%

Shares of NYSE LMT opened at $524.58 on Monday. The firm has a market capitalization of $121.07 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 1.14 and a beta of 0.10. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00. The firm's 50-day moving average is $555.58 and its 200-day moving average is $569.73.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results 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 net margin of 8.16% and a return on equity of 91.42%. The business had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the previous year, the firm posted $1.46 earnings per share. Lockheed Martin's revenue for the quarter was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be given a dividend of $3.45 per share. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. Lockheed Martin's payout ratio is presently 50.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LMT shares. TD Cowen reduced their target price on shares of Lockheed Martin from $600.00 to $560.00 and set a "hold" rating on the stock in a research report on Monday, July 13th. Citigroup raised their price target on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Weiss Ratings upgraded shares of Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 13th. Wells Fargo & Company set a $600.00 price objective on Lockheed Martin in a report on Monday, July 27th. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of Lockheed Martin in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently 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.

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Corporation (NYSE:LMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.