Bank of Nova Scotia Increases Holdings in Lockheed Martin Corporation $LMT

Bank of Nova Scotia lifted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 61.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 145,998 shares of the aerospace company’s stock after purchasing an additional 55,507 shares during the quarter. Bank of Nova Scotia owned 0.06% of Lockheed Martin worth $72,884,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LMT. Old North State Wealth Management LLC grew its holdings in Lockheed Martin by 2.0% during the 3rd quarter. Old North State Wealth Management LLC now owns 1,073 shares of the aerospace company’s stock valued at $539,000 after buying an additional 21 shares in the last quarter. GS Investments Inc. lifted its holdings in shares of Lockheed Martin by 1.0% in the third quarter. GS Investments Inc. now owns 2,231 shares of the aerospace company’s stock worth $1,114,000 after buying an additional 22 shares in the last quarter. Barnes Wealth Management Group Inc lifted its holdings in shares of Lockheed Martin by 4.2% in the second quarter. Barnes Wealth Management Group Inc now owns 567 shares of the aerospace company’s stock worth $263,000 after buying an additional 23 shares in the last quarter. Collective Family Office LLC boosted its position in shares of Lockheed Martin by 4.6% in the third quarter. Collective Family Office LLC now owns 527 shares of the aerospace company’s stock valued at $263,000 after acquiring an additional 23 shares during the period. Finally, Financial Partners Group Inc boosted its position in shares of Lockheed Martin by 4.3% in the third quarter. Financial Partners Group Inc now owns 555 shares of the aerospace company’s stock valued at $277,000 after acquiring an additional 23 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 1.0%

Shares of LMT opened at $646.24 on Monday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $692.00. The company has a market capitalization of $148.69 billion, a P/E ratio of 30.07, a P/E/G ratio of 1.16 and a beta of 0.22. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94. The firm’s 50 day simple moving average is $616.53 and its 200 day simple moving average is $525.80.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.Lockheed Martin’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $7.67 EPS. Sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Monday, March 2nd. Lockheed Martin’s dividend payout ratio is currently 64.22%.

More Lockheed Martin News

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

• Positive Sentiment: Lockheed is expanding F‑35 capabilities with new weapons, data‑sharing and production wins, supporting longer‑term aircraft revenue and backlog growth. Is LMT Expanding F-35 Capabilities to Strengthen Air Dominance?
• Positive Sentiment: Lockheed won a role providing an anti‑jamming payload for Japan’s next‑generation defense satellite communications program—an international program that should add program revenue and deepen strategic ties. Lockheed Martin Corporation (LMT) To Provide Anti-Jamming Payload For Japan’s Next-Generation Defense Satellite Communication System
• Positive Sentiment: Analysts and coverage note a defense demand tailwind—ramping munitions and system production globally—which supports multi‑year revenue visibility for primes like Lockheed. Lockheed Martin And RTX Stock: Rising Pillars Of Modern Defense
• Positive Sentiment: Firefly Aerospace’s Alpha Flight 7 successfully reached orbit and delivered a Lockheed payload—a technical validation and positive PR for Lockheed’s space customers and partners (though the immediate financial impact to Lockheed is likely limited). Firefly Aerospace Successfully Launches Alpha Flight 7
• Neutral Sentiment: Roth Capital and other coverage are focusing on Firefly’s momentum after the Alpha flight; that attention can buoy aerospace sentiment but mainly benefits smaller launch suppliers rather than big primes directly. Roth ‘encouraged’ by FireFly’s successful Alpha flight
• Neutral Sentiment: Market commentary and retrospectives (including long‑term performance pieces) reinforce Lockheed’s defensive, dividend‑paying profile—useful context but unlikely to move the stock near‑term. $1000 Invested In Lockheed Martin 20 Years Ago Would Be Worth This Much Today
• Negative Sentiment: Lockheed’s most recent quarterly report showed an EPS miss vs. estimates (and year‑over‑year EPS decline), which keeps some traders cautious on near‑term earnings momentum despite revenue growth. (This remains a primary driver of short‑term volatility.)
• Negative Sentiment: Valuation and balance‑sheet factors (premium P/E, elevated debt‑to‑equity) leave less room for disappointment vs. peers; with investors rotating into higher‑beta space and launch names, Lockheed can see short‑term selling pressure.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LMT. Truist Financial upped their target price on shares of Lockheed Martin from $605.00 to $695.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Royal Bank Of Canada raised their price target on shares of Lockheed Martin from $615.00 to $650.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. The Goldman Sachs Group boosted their price target on shares of Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a research report on Monday, February 2nd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $654.00 price objective on shares of Lockheed Martin in a research report on Friday, February 6th. Finally, Weiss Ratings lowered Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 6th. Six analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $618.95.

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.