Sumitomo Mitsui Trust Group Inc. Sells 6,121 Shares of Lockheed Martin Corporation $LMT

Key Points

• Sumitomo Mitsui Trust Group reduced its Lockheed Martin position by 1.2%, selling 6,121 shares and retaining 495,332 shares valued at approximately $252.2 million. Institutional investors own 74.19% of the company.
• Analysts maintain a “Moderate Buy” consensus on LMT, with an average price target of $638.05; individual targets range from $570 to $700.
• Lockheed Martin reported quarterly EPS of $7.97 and revenue of $20.71 billion, exceeding estimates, while revenue grew 11.3% year over year. The company also raised its quarterly dividend to $3.60, equivalent to a 2.3% annual yield.

Sumitomo Mitsui Trust Group Inc. decreased its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 1.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 495,332 shares of the aerospace company's stock after selling 6,121 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.21% of Lockheed Martin worth $252,248,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LMT. IAG Wealth Partners LLC increased its stake in Lockheed Martin by 4,800.0% in the 1st quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company's stock worth $30,000 after buying an additional 48 shares in the last quarter. Burnham & Co LLC bought a new stake in shares of Lockheed Martin during the second quarter valued at approximately $25,000. Field & Main Bank bought a new stake in shares of Lockheed Martin during the second quarter valued at approximately $26,000. Kelleher Financial Advisors purchased a new position in shares of Lockheed Martin in the second quarter worth $29,000. Finally, Highland Investment Advisors LLC bought a new position in shares of Lockheed Martin during the second quarter worth $29,000. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LMT has been the subject of several research analyst reports. Robert W. Baird set a $700.00 target price on shares of Lockheed Martin in a research note on Friday, July 24th. Wells Fargo & Company set a $600.00 price objective on shares of Lockheed Martin in a report on Monday, July 27th. Bank of America reaffirmed a "neutral" rating and issued a $620.00 target price on shares of Lockheed Martin in a report on Monday, October 26th. TD Cowen dropped their price target on Lockheed Martin from $600.00 to $570.00 and set a "hold" rating for the company in a research note on Friday, October 9th. Finally, UBS Group lifted their price objective on Lockheed Martin from $653.00 to $692.00 and gave the stock a "buy" rating in a research note on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $638.05.

Lockheed Martin Trading Up 0.1%

LMT opened at $637.60 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.26 and a debt-to-equity ratio of 2.04. The stock's fifty day moving average is $544.17 and its two-hundred day moving average is $568.87. The company has a market capitalization of $147.29 billion, a P/E ratio of 22.65, a PEG ratio of 1.35 and a beta of 0.09. 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 posted its earnings results on Thursday, October 22nd. The aerospace company reported $7.97 EPS for the quarter, beating analysts' consensus estimates of $7.52 by $0.45. The business had revenue of $20.71 billion for the quarter, compared to the consensus estimate of $20.48 billion. Lockheed Martin had a net margin of 8.23% and a return on equity of 83.41%. The company's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $6.95 EPS. Analysts forecast that Lockheed Martin Corporation will post 30.66 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 1st will be paid a $3.60 dividend. This represents a $14.40 dividend on an annualized basis and a yield of 2.3%. This is a boost from Lockheed Martin's previous quarterly dividend of $3.45. The ex-dividend date is Tuesday, December 1st. Lockheed Martin's dividend payout ratio (DPR) is 51.15%.

Key Stories Impacting 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 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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