Bank of Nova Scotia Has $106.80 Million Stake in Lockheed Martin Corporation $LMT

Bank of Nova Scotia raised its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 84.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 176,707 shares of the aerospace company’s stock after acquiring an additional 81,115 shares during the quarter. Bank of Nova Scotia’s holdings in Lockheed Martin were worth $106,800,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in LMT. Charles Schwab Investment Management Inc. lifted its position in Lockheed Martin by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock worth $4,178,399,000 after purchasing an additional 114,900 shares during the period. Morgan Stanley increased its holdings in Lockheed Martin by 10.1% in the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after buying an additional 527,523 shares during the period. Franklin Resources Inc. increased its holdings in Lockheed Martin by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock valued at $807,866,000 after buying an additional 10,349 shares during the period. Deutsche Bank AG raised its stake in shares of Lockheed Martin by 7.4% in the 4th quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company’s stock valued at $696,891,000 after buying an additional 99,403 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Lockheed Martin by 107.3% in the 4th quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock valued at $625,784,000 after buying an additional 669,604 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Key Lockheed Martin News

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: LMT beat Q2 estimates with EPS of $7.94 and revenue of $20.06 billion, both above Wall Street expectations, while sales rose 10.5% year over year. Lockheed Martin Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company raised 2026 guidance, now expecting EPS of $29.95 to $30.65 and revenue of $79.8 billion to $81.8 billion, signaling stronger demand and better execution ahead. Lockheed Martin lifts 2026 forecasts as Pentagon seeks to restock weapons
• Positive Sentiment: Management highlighted a record $230 billion backlog, helped by a large THAAD interceptor contract and continued expansion in munitions production, reinforcing visibility into future revenue. Lockheed Martin’s stock skyrockets as push to build more missiles faster pays off
• Positive Sentiment: Rising global defense spending and Pentagon efforts to restock weapons stockpiles are boosting demand for LMT’s missile and air-defense systems. Lockheed Martin, RTX lift 2026 forecasts as Pentagon looks to restock weapons
• Neutral Sentiment: The stock is also benefiting from broad defense-sector strength, even as the wider market falls on tech-earnings and inflation worries tied to higher oil prices. LMT Stock Soars as Lockheed Martin Raises Annual Forecast

Lockheed Martin Stock Performance

NYSE LMT opened at $568.62 on Friday. The firm has a market cap of $131.10 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 0.92 and a beta of 0.11. The company has a 50 day moving average of $522.45 and a 200-day moving average of $573.14. 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 Corporation has a 1-year low of $412.55 and a 1-year high of $692.00.

Lockheed Martin (NYSE:LMT) last posted its 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. The company had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. Lockheed Martin’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter 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. On average, equities analysts forecast that Lockheed Martin Corporation will post 29.92 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be given 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 66.83%.

Analyst Ratings Changes

LMT has been the topic of several recent research reports. Weiss Ratings lowered shares of Lockheed Martin from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research report on Friday, April 24th. UBS Group cut their price target on shares of Lockheed Martin from $683.00 to $538.00 in a research note on Tuesday, June 30th. TD Cowen decreased their price objective on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Finally, Royal Bank Of Canada decreased their price objective on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $615.78.

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.