Geode Capital Management LLC Raises Stake in Lockheed Martin Corporation $LMT

Key Points

• Geode Capital Management increased its Lockheed Martin stake by 0.2% in the fourth quarter, ending with 4.89 million shares worth about $2.36 billion. Institutional ownership remains very high, with hedge funds and other investors holding 74.19% of the stock.
• Lockheed continues to benefit from strong defense demand, especially in missile defense, sustainment, autonomous systems, and F-35-related programs. The article also highlights recent U.S. military contracts and capacity expansion efforts that could support future revenue and backlog.
• Despite those positives, the stock faces valuation and earnings pressure: Lockheed recently missed quarterly EPS and revenue estimates, and Citi cut its price target to $571 from $675 while keeping a neutral rating. Analysts overall still rate the stock a “Hold,” with an average target price of $620.68.

Geode Capital Management LLC boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,894,549 shares of the aerospace company's stock after acquiring an additional 9,734 shares during the period. Geode Capital Management LLC owned 2.13% of Lockheed Martin worth $2,363,837,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LMT. Wellington Management Group LLP raised its holdings in shares of Lockheed Martin by 3.4% during the third quarter. Wellington Management Group LLP now owns 2,384,753 shares of the aerospace company's stock valued at $1,190,493,000 after purchasing an additional 79,491 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Lockheed Martin by 4.2% during the third quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company's stock valued at $1,096,294,000 after purchasing an additional 87,663 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Lockheed Martin by 6.6% during the third quarter. Legal & General Group Plc now owns 1,022,940 shares of the aerospace company's stock valued at $510,662,000 after purchasing an additional 63,430 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Lockheed Martin by 41.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 808,409 shares of the aerospace company's stock valued at $403,534,000 after purchasing an additional 236,137 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Lockheed Martin by 16.6% during the second quarter. Ameriprise Financial Inc. now owns 761,382 shares of the aerospace company's stock valued at $347,381,000 after purchasing an additional 108,553 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

More Lockheed Martin News

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

• Positive Sentiment: Lockheed is seeing strong demand in missile defense, sustainment, and autonomous systems, which supports the company’s long-term revenue outlook. Lockheed Martin sees rising demand for missile defense, sustainment, autonomous systems
• Positive Sentiment: The U.S. military awarded major defense contracts tied to F-35 and MLRS support, reinforcing Lockheed’s backlog and near-term defense spending tailwinds. LMT, RTX Win Big US Defense Contracts Worth Over $1.1B
• Positive Sentiment: Lockheed is expanding munitions capacity in Alabama, including work tied to missile defense programs such as THAAD, which points to stronger production capabilities and future revenue potential. Lockheed Martin Expands Alabama Munitions Capacity As Valuation Draws Investor Focus
• Positive Sentiment: Management commentary at Bernstein and other appearances highlighted continued demand for missile defense and F-35-related programs, which can reassure investors about the defense growth story. Lockheed Martin Corporation (LMT) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Neutral Sentiment: Gastops said its ChipCHECK debris-analysis technology was validated for the Pratt & Whitney F135 engine used in the F-35, a supportive development for the broader F-35 ecosystem but not a direct Lockheed earnings catalyst. Gastops Validates ChipCHECK® Debris Analysis Technology for Pratt & Whitney F135 Engine / Lockheed Martin F-35 Lightning II
• Neutral Sentiment: News that the F-35 PTMS analysis will be completed soon and that Block 4 is viewed as underfunded may keep attention on program execution and funding risk, but it also underscores the program’s strategic importance. F-35 Program And Lockheed Martin To Finish F-35 PTMS Analysis Soon, As HASC Argues Block 4 “Underfunded”
• Negative Sentiment: Some investor focus is being weighed by valuation concerns after Citi cut its price target on LMT to $571 from $675 while keeping a Neutral rating, which may limit upside enthusiasm. Is Lockheed Martin (LMT) One of the Best Blue Chip Stocks to Buy for Your Retirement Portfolio?

Lockheed Martin Stock Performance

LMT opened at $531.80 on Thursday. The firm has a market cap of $122.61 billion, a P/E ratio of 25.75, a PEG ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $692.00. The company has a 50 day simple moving average of $570.82 and a two-hundred day simple moving average of $557.72. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing analysts' consensus estimates of $6.79 by ($0.35). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The firm had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. During the same quarter in the previous year, the company earned $7.28 earnings per share. 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 analysts forecast that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin's payout ratio is 66.83%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Lockheed Martin from $580.00 to $663.00 and gave the company a "neutral" rating in a report on Monday, February 2nd. Truist Financial boosted their target price on shares of Lockheed Martin from $605.00 to $695.00 and gave the company a "buy" rating in a research report on Friday, January 30th. Susquehanna dropped their price target on shares of Lockheed Martin from $740.00 to $700.00 and set a "positive" rating for the company in a research report on Friday, April 24th. Citigroup dropped their price target 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, JPMorgan Chase & Co. dropped their price target on shares of Lockheed Martin from $680.00 to $605.00 and set a "neutral" rating for the company in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $620.68.

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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