PensionDanmark Pensionsforsikringsaktieselskab Has $17.91 Million Position in Lockheed Martin Corporation $LMT

PensionDanmark Pensionsforsikringsaktieselskab raised its position in Lockheed Martin Corporation (NYSE:LMT) by 6.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,146 shares of the aerospace company’s stock after purchasing an additional 2,101 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Lockheed Martin were worth $17,905,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Basso Capital Management L.P. acquired a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $25,000. United Financial Planning Group LLC acquired a new stake in Lockheed Martin during the 3rd quarter worth approximately $25,000. Clarity Asset Management Inc. bought a new stake in Lockheed Martin during the 4th quarter worth approximately $26,000. Triumph Capital Management increased its position in Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 22 shares during the period. Finally, Bard Associates Inc. acquired a new position in Lockheed Martin in the 4th quarter valued at approximately $27,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.7%

LMT opened at $587.12 on Friday. Lockheed Martin Corporation has a twelve month low of $423.91 and a twelve month high of $692.00. The company has a fifty day moving average of $534.01 and a 200-day moving average of $575.86. The stock has a market cap of $135.50 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 1.00 and a beta of 0.10. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34.

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, beating the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the previous year, the business earned $1.46 earnings per share. Lockheed Martin’s revenue for the quarter 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, sell-side analysts predict that Lockheed Martin Corporation will post 30.36 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors 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 annualized dividend and a yield of 2.4%. Lockheed Martin’s dividend payout ratio (DPR) is currently 50.87%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LMT shares. JPMorgan Chase & Co. cut their price target on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft lowered their target price on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research report on Friday, April 24th. TD Cowen cut their target price on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Citigroup upgraded Lockheed Martin from a “neutral” rating to a “buy” rating and upped their price target for the company from $571.00 to $582.00 in a research report on Wednesday, July 1st. Finally, Robert W. Baird set a $700.00 price target on Lockheed Martin in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and an average price target of $626.33.

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.