VIRGINIA RETIREMENT SYSTEMS ET Al Has $53.06 Million Stock Holdings in Lockheed Martin Corporation $LMT

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 109,702 shares of the aerospace company’s stock after selling 2,700 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Lockheed Martin were worth $53,060,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. United Financial Planning Group LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter worth $25,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter worth $27,000. Beacon Financial Strategies CORP bought a new stake in shares of Lockheed Martin in the 4th quarter worth $34,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Lockheed Martin in the 3rd quarter worth $35,000. Finally, Wexford Capital LP bought a new stake in shares of Lockheed Martin in the 3rd quarter worth $36,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $521.10 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The firm has a market capitalization of $120.15 billion, a PE ratio of 25.23, a P/E/G ratio of 0.93 and a beta of 0.10. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00. The company has a 50-day moving average price of $599.92 and a two-hundred day moving average price of $554.48.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The business had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.Lockheed Martin’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities analysts forecast that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be given a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) is currently 66.83%.

Wall Street Analyst Weigh In

LMT has been the subject of several recent analyst reports. Bank of America reduced their target price on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. TD Cowen reduced their price target on shares of Lockheed Martin from $670.00 to $600.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Jefferies Financial Group restated a “hold” rating and set a $595.00 price target on shares of Lockheed Martin in a research report on Sunday, April 26th. Robert W. Baird increased their price target on shares of Lockheed Martin from $550.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 16th. Finally, Weiss Ratings lowered shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and a consensus price target of $628.63.

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.