Russell Investments Group Ltd. Acquires 8,618 Shares of Lockheed Martin Corporation $LMT

Key Points

• Russell Investments boosted its stake in Lockheed Martin by 9.4%, buying 8,618 shares to hold 100,574 shares valued at about $50.20 million per its latest 13F filing.
• Lockheed reported EPS of $5.80 (miss vs. consensus) and revenue of $20.32B (beat consensus), announced a quarterly dividend of $3.45 (annualized $13.80, ~2.1% yield), and while several firms raised targets the consensus rating remains a "Hold" with an average target of $618.95.
• Operationally, recent wins — including roughly $761 million in U.S. contract awards, higher munitions production and Sikorsky product expansions — are helping lift near-term backlog and revenue visibility.

Russell Investments Group Ltd. boosted its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 9.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,574 shares of the aerospace company's stock after buying an additional 8,618 shares during the period. Russell Investments Group Ltd.'s holdings in Lockheed Martin were worth $50,202,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LMT. Barnes Dennig Private Wealth Management LLC increased its position in Lockheed Martin by 285.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company's stock worth $27,000 after acquiring an additional 40 shares during the period. Grey Fox Wealth Advisors LLC bought a new stake in Lockheed Martin in the 3rd quarter valued at $27,000. Twin Peaks Wealth Advisors LLC bought a new stake in Lockheed Martin in the 2nd quarter valued at $29,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Lockheed Martin in the 3rd quarter worth $35,000. Finally, MTM Investment Management LLC bought a new position in shares of Lockheed Martin during the 2nd quarter worth about $36,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LMT has been the subject of several research reports. Truist Financial increased their target price on shares of Lockheed Martin from $605.00 to $695.00 and gave the company a "buy" rating in a research note on Friday, January 30th. Citigroup lifted their price objective on Lockheed Martin from $592.00 to $673.00 and gave the stock a "neutral" rating in a report on Thursday, February 5th. Morgan Stanley set a $675.00 price objective 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 note on Sunday, February 8th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $654.00 target price on shares of Lockheed Martin in a research report on Friday, February 6th. Six research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $618.95.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $649.28 on Thursday. The business has a 50 day simple moving average of $610.16 and a 200 day simple moving average of $522.53. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94. The company has a market capitalization of $149.39 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 1.17 and a beta of 0.22. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $692.00.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing analysts' consensus estimates of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter last year, the company earned $7.67 earnings per share. The business's revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 2nd will be issued a $3.45 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $13.80 annualized dividend and a dividend yield of 2.1%. Lockheed Martin's dividend payout ratio is presently 64.22%.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: Large contract wins and program awards — Lockheed reported multiple contract awards that expand near-term backlog and cash flow, including recent U.S. defense contracts worth roughly $761 million. Lockheed Martin wins $761 million in U.S. defense contracts
• Positive Sentiment: Munitions production ramp — Management is working with U.S. partners to substantially increase munitions output (expanded facilities and higher lines) to meet demand from the Middle East, which should boost revenues and near-term government orders. Lockheed Martin Ramps Munitions Output
• Positive Sentiment: Sikorsky autonomy and new product pipeline — Sikorsky (a Lockheed business) and Robinson unveiled the autonomous R66 TURBINETRUCK for cargo/resupply missions; product launches and S-92A+ production increases strengthen growth optionality in rotary platforms. Sikorsky Collaborates with Robinson - R66 TURBINETRUCK Benzinga: Sikorsky, Robinson launch autonomous cargo helicopter
• Positive Sentiment: S-92A+ output and contract renewals — Sikorsky is expanding output and operators are renewing support contracts, supporting aftermarket and recurring revenue. Sikorsky advances S-92A+ output, renewals
• Neutral Sentiment: Sector inflows could help over time — analysts note defense ETFs are attracting flows as conflict-driven budgets rise, which can support longer-term demand for prime contractors like LMT. Why This Defense ETF Could Keep Rallying
• Neutral Sentiment: Supply-chain and supplier awards — A metals supplier won large govt contracts including programs that will supply aluminum plate across Lockheed platforms; could improve parts availability but also reflect procurement complexity. Reliance AMI Metals awarded contracts (mentions Lockheed platforms)
• Negative Sentiment: Sector weakness / sentiment headwinds — Coverage notes that despite geopolitical tensions, defense stocks recently haven't rallied broadly; macro and political factors (e.g., uncertainty about escalation) are keeping valuations under pressure. Barron's: Defense Stocks Are Down
• Negative Sentiment: Valuation/expectations concerns — Some analysts argue much of Lockheed’s near-term upside is already priced in, limiting upside if execution or order timing slips. Seeking Alpha: The Upside Is Already Priced In

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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