Mirae Asset Global Investments Co. Ltd. Purchases New Position in Lockheed Martin Corporation $LMT

Key Points

• Mirae Asset Global Investments purchased 264,515 Lockheed Martin shares worth approximately $134.7 million during the third quarter, giving it a 0.11% stake. Institutional investors and hedge funds collectively own 74.19% of the company.
• Lockheed Martin reported quarterly EPS of $7.97 and revenue of $20.71 billion, exceeding estimates, while revenue increased 11.3% year over year. The company also raised its quarterly dividend to $3.60 per share, representing a 2.3% annualized yield.
• The company benefits from a record $292 billion backlog and potential Patriot missile sales to Ukraine, though analysts remain cautious about valuation, margins and defense-budget uncertainty. The stock carries a “Moderate Buy” consensus rating with an average price target of $638.05.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 264,515 shares of the aerospace company's stock, valued at approximately $134,704,000. Mirae Asset Global Investments Co. Ltd. owned 0.11% of Lockheed Martin as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of LMT. Burnham & Co LLC acquired a new position in Lockheed Martin in the 2nd quarter valued at $25,000. Field & Main Bank bought a new position in Lockheed Martin in the 2nd quarter worth $26,000. Kelleher Financial Advisors acquired a new position in Lockheed Martin during the 2nd quarter worth $29,000. Highland Investment Advisors LLC acquired a new position in Lockheed Martin during the 2nd quarter worth $29,000. Finally, IAG Wealth Partners LLC lifted its position in Lockheed Martin by 4,800.0% during the 1st 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. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: The U.S. State Department approved a possible $2.1 billion Patriot missile package for Ukraine, naming Lockheed Martin as the principal contractor. The package includes 500 PAC-3 MSE interceptors, spare parts, logistics and support, and will be financed by allied and Ukrainian funds rather than direct U.S. funding. The sale could add to LMT’s missile backlog, although no delivery schedule was provided. U.S. approves $2.1 billion Patriot missile sale to Ukraine
• Positive Sentiment: Recent coverage highlights Lockheed Martin’s record $292 billion backlog, continued F-35 production at 156 aircraft annually and a 10-year F-35 agreement with the Pentagon. These developments improve long-term revenue visibility and support the case for sustained military demand. Lockheed Martin long-term investor takeaways
• Positive Sentiment: Analysts and investors are also encouraged by potentially better Department of Defense contract terms, with higher-margin Missiles and Fire Control activities expected to improve profitability and reduce development and execution risk. Lockheed Martin backlog analysis
• Neutral Sentiment: Analysts remain divided on LMT versus faster-growing defense companies such as Kratos Defense. While the backlog and F-35 progress are favorable, valuation, cash generation and uncertainty over future U.S. defense budgets remain key considerations. Kratos Defense versus Lockheed Martin analysis
• Negative Sentiment: After a roughly 27% October rally, some investors may be taking profits. Coverage also flags gradually weakening margins and warns that management’s January update on profitability and execution could determine whether the recent advance is sustainable. Lockheed Martin October rally analysis

Lockheed Martin Stock Performance

NYSE LMT opened at $637.60 on Friday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.26 and a quick ratio of 1.10. The firm has a market capitalization of $147.29 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 1.35 and a beta of 0.09. The company's fifty day moving average is $544.17 and its two-hundred day moving average is $568.87. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The aerospace company reported $7.97 EPS for the quarter, beating analysts' consensus estimates of $7.52 by $0.45. Lockheed Martin had a net margin of 8.23% and a return on equity of 83.41%. The business had revenue of $20.71 billion during the quarter, compared to analyst estimates of $20.48 billion. During the same quarter in the prior year, the business earned $6.95 earnings per share. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. Equities research analysts forecast that Lockheed Martin Corporation will post 30.66 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be paid a dividend of $3.60 per share. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.45. This represents a $14.40 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, December 1st. Lockheed Martin's dividend payout ratio is presently 49.02%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LMT shares. TD Cowen decreased their price target on shares of Lockheed Martin from $600.00 to $570.00 and set a "hold" rating for the company in a report on Friday, October 9th. Barclays boosted their price objective on Lockheed Martin from $554.00 to $560.00 and gave the stock an "equal weight" rating in a research report on Friday, October 23rd. Wells Fargo & Company set a $600.00 price objective on Lockheed Martin in a research report on Monday, July 27th. Jefferies Financial Group restated a "hold" rating and set a $615.00 target price on shares of Lockheed Martin in a research note on Sunday, October 25th. Finally, Morgan Stanley raised their target price on Lockheed Martin from $653.00 to $690.00 and gave the company an "equal weight" rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $638.05.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.

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