CIBC Asset Management Inc Has $25.84 Million Position in Lockheed Martin Corporation $LMT

Key Points

• CIBC Asset Management boosted its Lockheed Martin stake by 54.6% in the fourth quarter, bringing its holdings to 53,419 shares worth about $25.84 million.
• Several other institutional investors also increased or initiated positions, and hedge funds and institutions now own 74.19% of Lockheed Martin’s stock.
• Recent business updates were mostly positive: Canada confirmed a purchase of 26 HIMARS launchers, Lockheed demonstrated a container-launched drone intercept, and it opened a new facility for next-generation interceptor production.

CIBC Asset Management Inc raised its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 54.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,419 shares of the aerospace company's stock after buying an additional 18,855 shares during the period. CIBC Asset Management Inc's holdings in Lockheed Martin were worth $25,837,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Oppenheimer & Co. Inc. raised its holdings in shares of Lockheed Martin by 9.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 39,410 shares of the aerospace company's stock valued at $19,674,000 after purchasing an additional 3,352 shares in the last quarter. Welch Group LLC raised its holdings in shares of Lockheed Martin by 1.5% during the 4th quarter. Welch Group LLC now owns 132,684 shares of the aerospace company's stock valued at $64,175,000 after purchasing an additional 1,999 shares in the last quarter. Jain Global LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at $38,064,000. Clough Capital Partners L P bought a new position in shares of Lockheed Martin during the 3rd quarter valued at $31,018,000. Finally, Secured Retirement Advisors LLC raised its holdings in shares of Lockheed Martin by 288.6% during the 4th quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company's stock valued at $1,513,000 after purchasing an additional 2,323 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin News Roundup

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Canada confirmed a purchase of 26 HIMARS rocket launchers from Lockheed Martin, reinforcing international demand for the company’s missile systems and adding visibility to future sales. Canada confirms purchase of 26 HIMARS rocket launchers from Lockheed Martin
• Positive Sentiment: Lockheed Martin successfully demonstrated a container-launched drone intercept using its Sanctum counter-UAS system, underscoring growing demand for low-cost air defense solutions. Lockheed shoots down test drone using container-launched missile
• Positive Sentiment: The company also reported a successful propulsion demo for the next iteration of its PrSM missile, with flight testing planned for this fall, supporting its long-term missile growth pipeline. Lockheed Details Successful Propulsion Demo For PrSM Inc. 4 Design, Flight Test To Begin This Fall
• Positive Sentiment: Lockheed opened a new Alabama facility for next-generation interceptor production, which could improve capacity and support future homeland defense contracts. Lockheed Martin opens Alabama facility for next generation interceptor production

Lockheed Martin Stock Performance

NYSE:LMT opened at $513.31 on Thursday. The firm's 50-day moving average is $559.90 and its 200-day moving average is $560.05. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $692.00. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. The company has a market cap of $118.35 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 0.93 and a beta of 0.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.79 by ($0.35). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The company had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. During the same quarter in the previous year, the firm posted $7.28 EPS. The business's revenue for the quarter was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities research analysts anticipate that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be issued a dividend of $3.45 per share. The ex-dividend date is Monday, June 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. Lockheed Martin's payout ratio is presently 66.83%.

Analyst Ratings Changes

A number of research firms have recently weighed in on LMT. Susquehanna cut their price target on shares of Lockheed Martin from $740.00 to $700.00 and set a "positive" rating on the stock in a report on Friday, April 24th. JPMorgan Chase & Co. cut their price target on shares of Lockheed Martin from $680.00 to $605.00 and set a "neutral" rating on the stock in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Lockheed Martin from $615.00 to $575.00 and set a "hold" rating for the company in a research report on Friday, April 24th. Citigroup cut their target price on shares of Lockheed Martin from $675.00 to $571.00 and set a "neutral" rating for the company in a research report on Monday, May 18th. Finally, DZ Bank raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lockheed Martin presently has an average rating of "Hold" and an average price target of $620.68.

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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