Lockheed Martin Corp. (LMT) is one of the U.S. government’s largest contractors. Its biggest customer is the Department of Defense, which buys weapons, aircraft, and logistical support. Among Lockheed’s products are the F-35 Lightning II fighter, Sikorsky helicopters, and the Aegis naval weapons system. The company provides data services and space technology to the civilian sector.
The top shareholders of Lockheed Martin are Marillyn Hewson, James Taiclet, James Ellis Jr., Scott Greene, State Street Corp., Vanguard Group Inc., and BlackRock Inc.
As a global defense and aerospace company, Lockheed Martin engages in research, design, development, and manufacturing, in addition to providing a variety of other services. The company operates across five primary business segments: Aeronautics, Electronics Systems, Space Systems, Integrated Systems & Solutions, and Information & Technology Services.As of July 12, 2024, the company generated $69.64 billion of revenue over a trailing 12-month period and net income of $6.78 billion in the same time period, with a market capitalization of $109.97 billion.
Below, we take a closer look at the top shareholders of Lockheed Martin.
Key Takeaways
- Lockheed Martin is a major producer of military aircraft and defense systems.
- Lockheed’s biggest customer is the Department of Defense.
- Former CEO Marillyn Hewson is the biggest individual shareholder with 65,000 shares.
- Institutional investors are the largest shareholders, holding a combined 74% of Lockheed Martin stock.
Important
“Insider” refers to people in senior management positions and members of the board of directors, as well as people or entities that own more than 10% of the company’s stock. In this context, it has nothing to do with insider trading.
Top 3 Individual Insider Shareholders
Marillyn A. Hewson
Marillyn A. Hewson owns 65,447 shares of Lockheed Martin, representing less than 0.01% of all outstanding shares. Hewson was appointed president and CEO in 2013 and added the role of chair in 2014, serving in those roles until June of 2021. Hewson’s career at Lockheed Martin spanned more than 35 years, and also includes president and chief operating officer of the company’s Electronic Systems division, president of Systems Integration, and executive vice president of Global Sustainment for Lockheed Martin Aeronautics. Hewson also serves on the board of directors of Johnson & Johnson (JNJ).
James D. Taiclet
James Taiclet has 48,953 shares of Lockheed Martin common stock, representing less than 0.01% of all outstanding shares, according to the company’s 2024 proxy statement. Taiclet is the president, CEO, and board chairman of Lockheed Martin, having succeeded Marillyn Hewson in 2021. He has been on the board of directors since 2018.
Prior to joining Lockheed, Taiclet was the CEO, president, and board chair of American Tower Corporation, a REIT that invests in communications real estate. He has also served as president of AlliedSignal and a vice president at Pratt & Whitney, both companies involved in aerospace design. He is also a board member of the Council on Foreign Relations.
James Ellis, Jr.
James O. Ellis has 21,707 shares of Lockheed Martin common stock, representing less than 0.01% of all shares outstanding, according to the company’s latest proxy statement. Ellis has served on the board of Lockheed Martin since 2004.
Ellis had a military career before joining Lockheed, having served in the Navy for 39 years. Prior to joining Lockheed, Admiral Ellis commanded the U.S.S. Abraham Lincoln and directed allied forces in southern Europe. Ellis has also served as president and CEO of the Institute of Nuclear Power Operations and as a presidential appointee of the Intelligence Advisory Board and the National Space Council.
Top 3 Institutional Shareholders
Institutional investors hold the majority of Lockheed Martin shares at about 74.19% of total shares outstanding.
State Street Corp.
State Street owns 37 million shares of Lockheed Martin, representing 14.94% of total shares outstanding, according to the company’s 13F filing as of January 30, 2024.State Street manages a broad range of assets for clients, including mutual funds, ETFs and other investments with $4.1 trillion in AUM.The SPDR S&P Kensho Final Frontiers ETF (ROKT), which tracks an index of companies involved in space and deep sea exploration, holds Lockheed Martin. Lockheed Martin represents 4.02% of the fund’s holdings.
Vanguard Group Inc.
Vanguard Group owns 22.0 million shares of Lockheed Martin, representing 8.91% of total shares outstanding, according to the company’s 13F filing for the period ending February 13, 2024.The company is primarily a mutual fund and ETF management company with about $8 trillion in global AUM. The Vanguard Industrials ETF (VIS), which tracks a market-cap-weighted index of industrial companies, owns Lockheed Martin. Lockheed Martin comprises about 2.7% of the fund’s portfolio.
BlackRock Inc.
BlackRock owns 18.3 million shares of Lockheed Martin, representing 7.4% of total shares outstanding, according to the company’s 13F filing as of February 7, 2023.The company is primarily a mutual fund and ETF management company with approximately $10.5 trillion in AUM.The iShares U.S. Aerospace & Defense ETF (ITA), which tracks a market-cap-weighted index of U.S. airplane and defense equipment manufacturers, assemblers, and distributors, owns Lockheed Martin. Lockheed Martin is the third-largest holding at about 12.8% of the fund’s portfolio.
How Often Does Lockheed Martin Pay Dividends?
Lockheed Martin pays dividends on a quarterly basis, meaning that there are dividend payments every three months. The next dividend payment is scheduled for Sep. 27, 2024.
How Much Is Lockheed Martin’s Dividend?
Lockheed Martin has consistently increased its dividends since 2002. In 2024, the dividend is $3.15 per share per quarter.
What Is Lockheed Martin’s Share Price?
Lockheed’s share price is $463.73 as of July 12, 2024. The company’s market capitalization is $110.3 billion.
The Bottom Line
Lockheed Martin is a leading producer of military aircraft and defense systems, with a total valuation over $100 billion. Some company insiders have significant stakes in the company, but the biggest shareholders are institutions, like BlackRock and Vanguard.
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