OMERS ADMINISTRATION Corp Acquires New Holdings in Lockheed Martin Corporation $LMT

Key Points

• OMERS Administration Corp. acquired 12,917 Lockheed Martin shares worth approximately $6.6 million in the second quarter. Institutional investors collectively own 74.19% of the company.
• Analysts maintain a generally cautious outlook, with Lockheed Martin carrying a consensus “Hold” rating and an average price target of $632.39; individual targets range from $600 to $700.
• Lockheed Martin exceeded quarterly expectations with $7.94 in EPS and $20.06 billion in revenue, while revenue rose 10.5% year over year. The company also declared a quarterly dividend of $3.45 per share, representing a 2.4% annualized yield.

OMERS ADMINISTRATION Corp bought a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,917 shares of the aerospace company's stock, valued at approximately $6,581,000.

Several other large investors have also recently modified their holdings of LMT. Brighton Jones LLC raised its position in shares of Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after acquiring an additional 191 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Lockheed Martin by 5.4% during the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company's stock worth $451,000 after purchasing an additional 50 shares during the period. Schnieders Capital Management LLC. increased its holdings in Lockheed Martin by 17.3% in the second quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company's stock worth $676,000 after purchasing an additional 215 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in Lockheed Martin by 36.0% in the second quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company's stock worth $1,042,000 after purchasing an additional 595 shares during the period. Finally, Sei Investments Co. increased its stake in Lockheed Martin by 18.2% in the second quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company's stock valued at $40,092,000 after purchasing an additional 13,300 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on LMT shares. Jefferies Financial Group reaffirmed a "hold" rating on shares of Lockheed Martin in a research note on Sunday, July 26th. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a research report on Friday, July 24th. Royal Bank Of Canada boosted their price objective on Lockheed Martin from $575.00 to $600.00 and gave the stock a "sector perform" rating in a research report on Friday, July 24th. Citigroup lifted their price objective on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $680.00 to $605.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Lockheed Martin has an average rating of "Hold" and a consensus price target of $632.39.

Lockheed Martin Stock Performance

NYSE LMT opened at $563.65 on Tuesday. The company's 50 day moving average is $548.48 and its 200-day moving average is $574.85. Lockheed Martin Corporation has a 12-month low of $437.25 and a 12-month high of $692.00. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. The firm has a market cap of $130.08 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping the consensus estimate of $7.22 by $0.72. The company had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. Lockheed Martin's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the firm earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Sell-side analysts predict 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. Shareholders of record on Tuesday, September 1st will be given a dividend of $3.45 per share. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. Lockheed Martin's dividend payout ratio is currently 50.87%.

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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