Wellington Management Group LLP Has $380.16 Million Stock Position in Lockheed Martin Corporation $LMT

Wellington Management Group LLP reduced its stake in Lockheed Martin Corporation (NYSE:LMT) by 8.2% during the 2nd quarter, Holdings Channel reports. The firm owned 746,194 shares of the aerospace company’s stock after selling 66,265 shares during the period. Wellington Management Group LLP’s holdings in Lockheed Martin were worth $380,156,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at approximately $9,617,574,000. Charles Schwab Investment Management Inc. grew its holdings in Lockheed Martin by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock valued at $4,178,399,000 after purchasing an additional 114,900 shares during the period. Corient Private Wealth LP bought a new stake in Lockheed Martin in the second quarter valued at approximately $101,960,000. Morgan Stanley increased its stake in Lockheed Martin by 10.1% in the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after purchasing an additional 527,523 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Lockheed Martin by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock worth $807,866,000 after purchasing an additional 10,349 shares during the period. 74.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LMT. Citigroup lifted their price target on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a report on Friday, May 29th. Morgan Stanley boosted their target price on Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Finally, Wells Fargo & Company set a $600.00 price target on Lockheed Martin in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $632.39.

Lockheed Martin Price Performance

LMT stock opened at $563.82 on Monday. The stock has a 50-day moving average price of $551.70 and a two-hundred day moving average price of $573.30. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00. The stock has a market cap of $130.12 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. The company had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities analysts forecast that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company 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 $3.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 annualized dividend and a yield of 2.4%. Lockheed Martin’s payout ratio is presently 50.87%.

Lockheed Martin 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.