Allstate Corp Has $7.57 Million Stock Holdings in Lockheed Martin Corporation $LMT

Allstate Corp increased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 114.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 15,650 shares of the aerospace company’s stock after buying an additional 8,339 shares during the quarter. Allstate Corp’s holdings in Lockheed Martin were worth $7,569,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. lifted its position in Lockheed Martin by 9.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 39,410 shares of the aerospace company’s stock worth $19,674,000 after buying an additional 3,352 shares in the last quarter. Welch Group LLC increased its position in Lockheed Martin by 1.5% in the 4th quarter. Welch Group LLC now owns 132,684 shares of the aerospace company’s stock valued at $64,175,000 after acquiring an additional 1,999 shares in the last quarter. Jain Global LLC bought a new position in shares of Lockheed Martin in the third quarter worth about $38,064,000. Atlantic Union Bankshares Corp lifted its position in shares of Lockheed Martin by 182.0% during the third quarter. Atlantic Union Bankshares Corp now owns 37,014 shares of the aerospace company’s stock worth $18,478,000 after purchasing an additional 23,888 shares in the last quarter. Finally, Clough Capital Partners L P bought a new stake in shares of Lockheed Martin during the third quarter valued at approximately $31,018,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.2%

Lockheed Martin stock opened at $534.37 on Wednesday. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. The firm has a 50-day moving average of $573.09 and a 200-day moving average of $557.28. The company has a market cap of $123.21 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $692.00.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The company 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%.The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, equities analysts expect that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

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

Analyst Ratings Changes

LMT has been the subject of a number of research reports. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Argus raised their price target on Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Susquehanna decreased their price objective on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research note on Friday, April 24th. Finally, BNP Paribas Exane reduced their price objective on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $620.68.

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.