BlackRock Inc. Invests $9.62 Billion in Lockheed Martin Corporation $LMT

BlackRock Inc. bought 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 fund bought 18,877,978 shares of the aerospace company's stock, valued at approximately $9,617,574,000. BlackRock Inc. owned approximately 8.18% of Lockheed Martin as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in shares of Lockheed Martin by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company's stock worth $4,178,399,000 after acquiring an additional 114,900 shares in the last quarter. Morgan Stanley raised its position in shares of Lockheed Martin by 10.1% in 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. lifted 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 worth $807,866,000 after buying an additional 10,349 shares during the period. Deutsche Bank AG lifted its position in Lockheed Martin by 7.4% during the 4th quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company's stock worth $696,891,000 after acquiring an additional 99,403 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Lockheed Martin by 107.3% during the fourth quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company's stock worth $625,784,000 after purchasing an additional 669,604 shares during the period. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Down 2.4%

LMT opened at $594.26 on Tuesday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The company's 50 day simple moving average is $544.00 and its two-hundred day simple moving average is $576.42. Lockheed Martin Corporation has a 1-year low of $437.25 and a 1-year high of $692.00. The firm has a market capitalization of $137.15 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 1.04 and a beta of 0.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping the consensus estimate of $7.22 by $0.72. The business had revenue of $20.06 billion for the quarter, compared to analysts' expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The business's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LMT shares. TD Cowen lowered their price target on shares of Lockheed Martin from $600.00 to $560.00 and set a "hold" rating on the stock in a report on Monday, July 13th. Bank of America cut their price target on shares of Lockheed Martin from $660.00 to $600.00 and set a "neutral" rating for the company in a report on Friday, April 24th. Robert W. Baird set a $700.00 price objective on Lockheed Martin in a research note on Friday, July 24th. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Lockheed Martin from $615.00 to $575.00 and set a "hold" rating on the stock in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $632.39.

Lockheed Martin 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.

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