The Manufacturers Life Insurance Company Sells 172,644 Shares of Lockheed Martin Corporation $LMT

Key Points

• The Manufacturers Life Insurance Company reduced its Lockheed Martin stake by 37.2%, selling 172,644 shares in the second quarter and retaining 291,171 shares valued at approximately $148.3 million.
• Analyst sentiment remains mixed: UBS upgraded the stock to “buy” with a $674 target, but the broader consensus rating is “Hold” with an average target price of $637.56.
• Lockheed Martin reported quarterly EPS of $7.94 and revenue of $20.06 billion, beating estimates, while maintaining 2026 EPS guidance of $29.95–$30.65. The company also declared a quarterly dividend of $3.45 per share, yielding about 2.6% annually.

The Manufacturers Life Insurance Company lessened its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 37.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 291,171 shares of the aerospace company's stock after selling 172,644 shares during the period. The Manufacturers Life Insurance Company owned about 0.13% of Lockheed Martin worth $148,340,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Davis R M Inc. grew its stake in shares of Lockheed Martin by 1.3% in the fourth quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company's stock valued at $612,000 after buying an additional 16 shares in the last quarter. Aspire Growth Partners LLC increased its position in Lockheed Martin by 0.7% during the fourth quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company's stock worth $1,217,000 after buying an additional 17 shares during the last quarter. Insigneo Advisory Services LLC raised its stake in Lockheed Martin by 0.6% in the fourth quarter. Insigneo Advisory Services LLC now owns 2,884 shares of the aerospace company's stock valued at $1,395,000 after buying an additional 17 shares during the period. Sandy Cove Advisors LLC raised its stake in Lockheed Martin by 4.4% in the fourth quarter. Sandy Cove Advisors LLC now owns 430 shares of the aerospace company's stock valued at $208,000 after buying an additional 18 shares during the period. Finally, Stonebridge Financial Group LLC MO lifted its position in shares of Lockheed Martin by 2.8% in the first quarter. Stonebridge Financial Group LLC MO now owns 658 shares of the aerospace company's stock valued at $397,000 after buying an additional 18 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group upgraded Lockheed Martin from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $581.00 to $674.00 in a research note on Tuesday. Wells Fargo & Company set a $600.00 price target on Lockheed Martin in a report on Monday, July 27th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Lockheed Martin in a research report on Friday, May 29th. Jefferies Financial Group reiterated a "hold" rating on shares of Lockheed Martin in a report on Wednesday, September 2nd. Finally, Robert W. Baird set a $700.00 price objective on shares of Lockheed Martin in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of "Hold" and a consensus target price of $637.56.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: The U.S. Army confirmed that Lockheed Martin has advanced to the demonstration phase of the competition for the Integrated Fires Protection Capability Increment 2 second interceptor. Progress in the program could support future missile-defense orders, although a contract award is not yet assured. Army Confirms Lockheed Also Advances To Demo Phase Of IFPC Inc. 2 Second Interceptor Competition
• Positive Sentiment: UBS upgraded Lockheed Martin, citing a structural increase in defense demand that could provide durable support for the company’s backlog and revenue outlook. UBS sees a structural shift building at Lockheed Martin
• Positive Sentiment: Lockheed Martin and IBM are establishing a quantum-computing innovation hub at ETH Zurich, funded in part through Switzerland’s offset obligations related to its purchase of 36 F-35A aircraft. The IBM Quantum System Two will support research into navigation, materials science and other potential defense applications. The initiative strengthens Lockheed’s technology partnerships but is unlikely to materially affect near-term earnings. IBM, Lockheed Martin Announce Swiss Quantum Innovation Hub
• Neutral Sentiment: CEO Jim Taiclet and CFO Evan Scott are scheduled to participate in a Morgan Stanley conference. Investors may look for updates on demand, margins, cash flow and program execution. Lockheed Martin executives to speak at Morgan Stanley conference
• Negative Sentiment: Recent analysis cautions that fixed-price contracts could pressure margins if costs rise, while political scrutiny and shifting defense priorities may challenge traditional business practices. At roughly 17–18 times forward earnings and with a dividend yield near 2.6%, the valuation reflects some of these risks but leaves investors focused on execution. Lockheed Martin valuation and risk analysis

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $524.40 on Friday. The firm has a market cap of $121.03 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 1.15 and a beta of 0.10. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. Lockheed Martin Corporation has a 1-year low of $437.25 and a 1-year high of $692.00. The business's 50 day moving average is $555.94 and its 200-day moving average is $565.85.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The business had revenue of $20.06 billion during the quarter, compared to analysts' expectations of $19.34 billion. During the same period last year, the firm posted $1.46 EPS. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities research analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be given a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin's payout ratio is presently 50.87%.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global aerospace, defense and technology company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense serving as its largest customer. Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

The company's products and services include military aircraft such as the F-35 Lightning II, F-16 and C-130; air and missile defense systems; precision weapons; helicopters and maritime systems; radar, sensors and command-and-control technologies; satellites; space exploration systems; and missile-warning and strategic defense capabilities.

Lockheed Martin was created in 1995 through the merger of Lockheed Corporation and Martin Marietta.

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