Canada Pension Plan Investment Board Acquires Shares of 596,388 Lockheed Martin Corporation $LMT

Canada Pension Plan Investment Board acquired a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 596,388 shares of the aerospace company’s stock, valued at approximately $303,836,000. Canada Pension Plan Investment Board owned about 0.26% of Lockheed Martin at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Basso Capital Management L.P. purchased a new stake in Lockheed Martin in the 4th quarter worth approximately $25,000. Burnham & Co LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter worth approximately $25,000. United Financial Planning Group LLC purchased a new position in shares of Lockheed Martin during the third quarter valued at approximately $25,000. Clarity Asset Management Inc. purchased a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $26,000. Finally, Triumph Capital Management raised its holdings in shares of Lockheed Martin by 66.7% during the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 22 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Down 1.3%

NYSE:LMT opened at $556.95 on Wednesday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The firm’s 50-day moving average price is $548.90 and its 200-day moving average price is $574.52. The company has a market capitalization of $128.54 billion, a PE ratio of 20.53, a P/E/G ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a 1-year low of $437.25 and a 1-year high of $692.00.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $19.34 billion. During the same period last year, the company posted $1.46 EPS. Lockheed Martin’s revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities analysts predict that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.5%. Lockheed Martin’s dividend payout ratio (DPR) is currently 50.87%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LMT shares. Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a report on Friday, May 29th. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada lifted their target price on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. Finally, Morgan Stanley boosted their price target on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $632.39.

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.