Royal London Asset Management Ltd. Has $134.30 Million Stock Position in Lockheed Martin Corporation $LMT

Key Points

• Royal London Asset Management increased its Lockheed Martin position by 36.1% in the second quarter, acquiring 69,900 shares. Its 263,615-share stake was valued at approximately $134.3 million, while institutional investors collectively owned 74.19% of the company.
• Analyst sentiment remains mixed, with Lockheed Martin carrying an overall “Hold” rating and an average price target of $632.39. Price targets range from UBS’s $581 objective to Citigroup’s raised $691 target.
• Lockheed Martin reported stronger-than-expected quarterly results, including $7.94 in EPS and $20.06 billion in revenue, up 10.5% year over year. The company also declared a quarterly dividend of $3.45 per share, representing a 2.4% annualized yield.

Royal London Asset Management Ltd. raised its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 36.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 263,615 shares of the aerospace company's stock after acquiring an additional 69,900 shares during the period. Royal London Asset Management Ltd. owned about 0.11% of Lockheed Martin worth $134,301,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Basso Capital Management L.P. bought a new stake in shares of Lockheed Martin during the 4th quarter valued at approximately $25,000. Burnham & Co LLC bought a new position in Lockheed Martin in the 2nd quarter valued at approximately $25,000. United Financial Planning Group LLC bought a new position in Lockheed Martin in the 3rd quarter valued at approximately $25,000. Clarity Asset Management Inc. bought a new position in Lockheed Martin in the 4th quarter valued at approximately $26,000. Finally, Field & Main Bank acquired a new stake in Lockheed Martin in the second quarter valued at approximately $26,000. Institutional investors own 74.19% of the company's stock.

Analysts Set New Price Targets

LMT has been the subject of several research analyst reports. TD Cowen lowered their price target on shares of Lockheed Martin from $600.00 to $560.00 and set a "hold" rating for the company in a report on Monday, July 13th. Weiss Ratings raised Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. UBS Group reaffirmed a "neutral" rating and issued a $581.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. Citigroup boosted their price objective on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Finally, Jefferies Financial Group restated a "hold" rating on shares of Lockheed Martin in a report on Sunday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Lockheed Martin currently has an average rating of "Hold" and an average target price of $632.39.

Lockheed Martin Trading Down 0.4%

LMT opened at $563.82 on Friday. Lockheed Martin Corporation has a twelve month low of $437.25 and a twelve 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 company has a fifty day moving average of $551.70 and a 200-day moving average of $573.75. The stock has a market cap of $130.12 billion, a PE 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 earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.22 by $0.72. The business had revenue of $20.06 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, sell-side analysts predict that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a yield of 2.4%. Lockheed Martin's dividend payout ratio (DPR) 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.

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Corporation (NYSE:LMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source