California State Teachers Retirement System Buys 162,702,210 Shares of Lockheed Martin Corporation $LMT

Key Points

• California State Teachers Retirement System dramatically increased its Lockheed Martin stake by 162.7 million shares in the second quarter, bringing its holdings to 163 million shares, or 70.64% of the company according to the filing.
• Analysts remain mixed, with a consensus “Hold” rating and a $632.39 price target. Recent targets range from $560 to $690, while some firms upgraded the stock to “Buy” or “Strong Buy.”
• Lockheed Martin exceeded quarterly earnings and revenue expectations, reporting $7.94 EPS and $20.06 billion in revenue, while declaring a quarterly dividend of $3.45, equivalent to a 2.6% annualized yield.

California State Teachers Retirement System increased its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 49,985.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 163,027,709 shares of the aerospace company's stock after purchasing an additional 162,702,210 shares during the quarter. California State Teachers Retirement System owned 70.64% of Lockheed Martin worth $83,056,097,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. IAG Wealth Partners LLC lifted its holdings in shares of Lockheed Martin by 4,800.0% in the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company's stock worth $30,000 after acquiring an additional 48 shares during the last quarter. Burnham & Co LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter valued at approximately $25,000. United Financial Planning Group LLC acquired a new position in Lockheed Martin during the 3rd quarter worth approximately $25,000. Basso Capital Management L.P. acquired a new position in Lockheed Martin during the 4th quarter worth approximately $25,000. Finally, Field & Main Bank bought a new position in Lockheed Martin in the 2nd quarter valued at approximately $26,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on LMT. TD Cowen dropped their price target on Lockheed Martin from $600.00 to $560.00 and set a "hold" rating for the company in a research note on Monday, July 13th. Morgan Stanley upped their target price on Lockheed Martin from $653.00 to $690.00 and gave the stock an "equal weight" rating in a report on Friday, July 24th. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a research report on Monday, July 27th. Wall Street Zen raised Lockheed Martin from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 29th. Finally, Weiss Ratings upgraded Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $632.39.

Lockheed Martin Trading Down 0.1%

Shares of LMT stock opened at $524.58 on Monday. The company has a market cap of $121.07 billion, a P/E ratio of 19.34, a PEG ratio of 1.14 and a beta of 0.10. The stock has a 50 day simple moving average of $555.58 and a two-hundred day simple moving average of $569.73. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating 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 company had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the previous year, the company earned $1.46 EPS. Lockheed Martin's quarterly revenue 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. Research analysts forecast that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin's dividend payout ratio (DPR) is currently 50.87%.

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.

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