Lockheed Martin Corporation $LMT Shares Bought by Teacher Retirement System of Texas

Key Points

• Teacher Retirement System of Texas boosted its stake in Lockheed Martin by 142.9% in Q4 to 79,039 shares (about $38.2M), and institutional investors now own roughly 74.19% of the company.
• Q1 results disappointed: EPS was $6.44 (vs. ~$6.79 consensus) and revenue $18.02B (vs. ~$18.38B), free cash flow swung to about ‑$291M, driving a ~4.5% share decline and mixed analyst reactions.
• Management reaffirmed FY2026 guidance (EPS $29.35–30.25; revenue $77.5B–$80.0B) and Lockheed has near‑term catalysts (e.g., Peru F‑16 order, strong backlog), but analysts’ consensus rating remains a Hold with an average target around $646.16.

Teacher Retirement System of Texas grew its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 142.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,039 shares of the aerospace company's stock after purchasing an additional 46,499 shares during the quarter. Teacher Retirement System of Texas' holdings in Lockheed Martin were worth $38,229,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Wellington Management Group LLP lifted its stake 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 worth $1,190,493,000 after purchasing an additional 79,491 shares in the last quarter. Invesco Ltd. lifted its stake 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 worth $1,096,294,000 after purchasing an additional 87,663 shares in the last quarter. Legal & General Group Plc lifted its stake 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 worth $510,662,000 after purchasing an additional 63,430 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 worth $403,534,000 after purchasing an additional 236,137 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake 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 worth $347,381,000 after purchasing an additional 108,553 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Key Headlines Impacting Lockheed Martin

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

• Positive Sentiment: Peru selected Lockheed to buy 12 F‑16 Block 70 fighters — a direct international order that supports near‑term aircraft production and backlog. Read More. Read More.
• Positive Sentiment: Defense spending tailwinds and Lockheed’s record backlog (especially missile and munitions demand) underpin revenue visibility over the medium term. Read More.
• Neutral Sentiment: Management reaffirmed FY2026 guidance (EPS range $29.35–30.25; revenue $77.5B–$80.0B), which roughly tracks consensus but slightly under some expectations — this leaves guidance intact but not a catalyst. Read More.
• Neutral Sentiment: CEO commentary framed a favorable policy backdrop (comments about the incoming Pentagon), signaling intent to pursue growth under higher U.S. defense budgets — strategic tone is positive but not immediate cash impact. Read More.
• Negative Sentiment: Q1 EPS of $6.44 missed consensus (~$6.79) and revenue of ~$18.0B missed estimates — the headline miss is the primary driver of the share decline. Read More.
• Negative Sentiment: Free cash flow turned negative (reported ~‑$291M) and cash from operations was weak; fixed‑price contract costs and production slowdowns on F‑16/C‑130 programs increased costs and pressured margins. Those operational issues are causing investor concern about near‑term execution. Read More. Read More.
• Negative Sentiment: Analyst reactions mixed: some premarket downgrades/price‑target adjustments and near‑term selling pressure as investors digest the miss; watch revisions to estimates and cash‑flow metrics. Read More.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LMT. Deutsche Bank Aktiengesellschaft lifted their target price on Lockheed Martin from $492.00 to $611.00 and gave the stock a "hold" rating in a research report on Friday, January 30th. UBS Group lifted their target price on Lockheed Martin from $580.00 to $663.00 and gave the stock a "neutral" rating in a research report on Monday, February 2nd. Morgan Stanley set a $675.00 target price on Lockheed Martin in a research report on Wednesday, February 4th. Wall Street Zen lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 22nd. Finally, The Goldman Sachs Group lifted their target price on Lockheed Martin from $464.00 to $517.00 and gave the stock a "sell" rating in a research report on Monday, February 2nd. Seven research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of "Hold" and an average target price of $646.16.

Lockheed Martin Stock Down 4.5%

Shares of NYSE LMT opened at $530.27 on Friday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $692.00. The firm has a market cap of $122.21 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 0.99 and a beta of 0.23. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. The stock's 50-day simple moving average is $631.13 and its 200-day simple moving average is $552.93.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing the consensus estimate of $6.79 by ($0.35). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. During the same period in the previous year, the business posted $7.28 EPS. The business's revenue for the quarter was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, equities analysts anticipate that Lockheed Martin Corporation will post 29.97 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 2nd were given a dividend of $3.45 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. Lockheed Martin's dividend payout ratio (DPR) is presently 64.22%.

About Lockheed Martin

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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