OLD Republic International Corp Sells 54,000 Shares of Lockheed Martin Corporation $LMT

OLD Republic International Corp decreased its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 53.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,800 shares of the aerospace company’s stock after selling 54,000 shares during the period. OLD Republic International Corp’s holdings in Lockheed Martin were worth $22,636,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in LMT. Sanders Capital LLC bought a new stake in shares of Lockheed Martin during the third quarter worth $252,699,000. First Trust Advisors LP increased its position in shares of Lockheed Martin by 286.1% during the third quarter. First Trust Advisors LP now owns 503,428 shares of the aerospace company’s stock worth $251,316,000 after acquiring an additional 373,027 shares in the last quarter. Canoe Financial LP bought a new stake in shares of Lockheed Martin during the fourth quarter worth $166,403,000. SG Americas Securities LLC increased its position in shares of Lockheed Martin by 7,309.8% during the fourth quarter. SG Americas Securities LLC now owns 262,233 shares of the aerospace company’s stock worth $126,834,000 after acquiring an additional 258,694 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Lockheed Martin by 41.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 808,409 shares of the aerospace company’s stock worth $403,534,000 after acquiring an additional 236,137 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on LMT shares. Citigroup reduced their target price on shares of Lockheed Martin from $675.00 to $571.00 and set a “neutral” rating for the company in a report on Monday, May 18th. BNP Paribas Exane reduced their target price on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a report on Friday, April 24th. Sanford C. Bernstein reduced their target price on shares of Lockheed Martin from $661.00 to $614.00 and set a “market perform” rating for the company in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a report on Friday, April 24th. Finally, DZ Bank upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $620.68.

Lockheed Martin Stock Performance

Shares of LMT opened at $533.57 on Friday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $692.00. The firm has a fifty day simple moving average of $577.71 and a 200 day simple moving average of $556.03. The stock has a market capitalization of $123.02 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 0.97 and a beta of 0.10. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The firm had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business’s revenue 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. Research analysts forecast that Lockheed Martin Corporation will post 29.88 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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

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.