Vestcor Inc Sells 2,462 Shares of Lockheed Martin Corporation $LMT

Key Points

• Vestcor Inc. cut its stake in Lockheed Martin by 14.5% in the third quarter, selling 2,462 shares and retaining 14,526 shares worth about $7.25 million.
• Lockheed reported quarterly EPS of $5.80 (missing estimates) with revenue of $20.32 billion (a beat), announced a quarterly dividend of $3.45 (annualized $13.80, ~2.1% yield), and faces mixed analyst sentiment—average rating "Hold" with an average price target of $618.95 and some targets raised as high as $735.

Vestcor Inc lessened its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 14.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,526 shares of the aerospace company's stock after selling 2,462 shares during the period. Vestcor Inc's holdings in Lockheed Martin were worth $7,252,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after buying an additional 191 shares during the last quarter. Sivia Capital Partners LLC increased its stake in Lockheed Martin by 5.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company's stock worth $451,000 after acquiring an additional 50 shares during the last quarter. Schnieders Capital Management LLC. raised its holdings in shares of Lockheed Martin by 17.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company's stock worth $676,000 after acquiring an additional 215 shares in the last quarter. AGF Management Ltd. boosted its position in shares of Lockheed Martin by 5.7% during the 2nd quarter. AGF Management Ltd. now owns 6,326 shares of the aerospace company's stock valued at $2,930,000 after acquiring an additional 339 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Lockheed Martin by 437.1% in the second quarter. Acadian Asset Management LLC now owns 142,037 shares of the aerospace company's stock valued at $65,772,000 after purchasing an additional 115,592 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Down 1.2%

Shares of NYSE:LMT opened at $663.96 on Tuesday. The business's 50 day moving average is $603.57 and its 200 day moving average is $520.19. The stock has a market cap of $152.76 billion, a P/E ratio of 30.90, a price-to-earnings-growth ratio of 1.21 and a beta of 0.22. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $692.00. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its 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 firm had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same period last year, the firm earned $7.67 earnings per share. The company's revenue for the quarter was up 9.1% on a year-over-year basis. Sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LMT. Argus upped their price target on shares of Lockheed Martin from $530.00 to $735.00 and gave the company a "buy" rating in a research note on Friday. Robert W. Baird lifted their price objective on shares of Lockheed Martin from $550.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday, January 16th. The Goldman Sachs Group boosted their target price on shares of Lockheed Martin from $464.00 to $517.00 and gave the stock a "sell" rating in a report on Monday, February 2nd. JPMorgan Chase & Co. upped their target price on shares of Lockheed Martin from $515.00 to $680.00 and gave the company a "neutral" rating in a research report on Friday, January 30th. Finally, TD Cowen increased their price target on shares of Lockheed Martin from $600.00 to $670.00 and gave the company a "hold" rating in a report on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $618.95.

Key Lockheed Martin News

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

• Positive Sentiment: Sikorsky is rolling out an upgraded S‑92A+ and preparing production as global demand for medium‑lift helicopters picks up — a clear revenue/ backlog positive for Lockheed’s rotary‑wing unit. Lockheed Martin (LMT) Rolls Out Upgraded S-92A+ as Global Demand Picks Up
• Positive Sentiment: Recent F‑35 and missile contracts (and public reports of ramping interceptor/missile production) support stronger top‑line visibility and justify defense multiple expansion. Lockheed Martin, RTX land F-35 contracts, shares clear entries
• Positive Sentiment: Geopolitical tensions (Iran conflict) are driving near‑term defense demand expectations that have lifted LMT sentiment and flows into defense names. Lockheed Martin Stock (LMT) Continues to Surge as War Rages
• Positive Sentiment: At least one shop has lifted LMT’s price target (to $735), signaling bullish analyst conviction on upside from current programs and backlog. Lockheed Martin NYSE: LMT Price Target Raised to $735.00
• Neutral Sentiment: Analyst pieces highlight LMT as a strong momentum/dividend name and note heavy investor attention — useful context for flows but not a catalyst by itself. Here's Why Lockheed Martin (LMT) is a Strong Momentum Stock
• Neutral Sentiment: Coverage in Barron’s and mainstream business outlets is lifting visibility for the sector — supports interest but increases correlation with peers. Lockheed, RTX, Other Defense Stocks Gain. Watch This Trump-Backed Drone Company.
• Negative Sentiment: Coverage noting LMT’s rapid run (up ~43.6% in three months) flags risk: program losses, elevated debt and valuation concerns could prompt profit‑taking or slower multiple expansion for new buyers. LMT Stock Surges 43.6% in 3 Month: Time to Hold or Book Profits?
• Negative Sentiment: Remember the recent quarterly EPS miss and high debt/ program‑loss history cited by analysts — these fundamentals temper how much multiple expansion the market will allow and likely explain today’s modest pullback.

Lockheed Martin Company Profile

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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