The Manufacturers Life Insurance Company Buys New Shares in Lockheed Martin Corporation $LMT

The Manufacturers Life Insurance Company bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 291,171 shares of the aerospace company’s stock, valued at approximately $148,340,000. The Manufacturers Life Insurance Company owned approximately 0.13% of Lockheed Martin as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in shares of Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after acquiring an additional 191 shares during the last quarter. Sivia Capital Partners LLC boosted its position in shares of Lockheed Martin by 5.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock valued at $451,000 after purchasing an additional 50 shares during the period. Schnieders Capital Management LLC. increased its stake in Lockheed Martin by 17.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock worth $676,000 after purchasing an additional 215 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in Lockheed Martin by 36.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock worth $1,042,000 after buying an additional 595 shares during the period. Finally, Sei Investments Co. lifted its stake in Lockheed Martin by 18.2% during the second quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company’s stock valued at $40,092,000 after buying an additional 13,300 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LMT. Royal Bank Of Canada lifted their target price on shares of Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. JPMorgan Chase & Co. cut their target price on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. TD Cowen reduced their target price on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a report on Monday, July 13th. Citigroup increased their target price on Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, Jefferies Financial Group reiterated 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, eight have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $632.39.

Lockheed Martin Stock Performance

LMT stock opened at $563.65 on Tuesday. The firm has a 50 day simple moving average of $548.48 and a 200 day simple moving average of $574.85. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00. The stock has a market cap of $130.08 billion, a P/E ratio of 20.78, a P/E/G ratio of 0.97 and a beta of 0.10. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19.

Lockheed Martin (NYSE:LMT) last released its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the prior year, the firm earned $1.46 EPS. The company’s revenue 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. Research analysts anticipate that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. 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.