Strs Ohio Trims Lockheed Martin Stake Following Weak Quarterly Results

Key Facts

1Strs Ohio reduced its stock position in Lockheed Martin (LMT) by 4.6% in the first quarter of 2026.

2The fund sold 2,725 shares, retaining 56,316 shares valued at approximately $34 million.

3Lockheed Martin maintained its full-year 2026 EPS guidance despite reporting weaker-than-expected quarterly results.

Amid a strategic rebalancing of institutional portfolios in the defense sector, the State Teachers Retirement System of Ohio (Strs Ohio) reduced its position in Lockheed Martin (LMT) by 4.6% during the first quarter of 2026. The fund divested 2,725 shares, maintaining a holding of 56,316 shares valued at approximately $34 million. This reduction follows the company's report of weaker-than-expected quarterly results, although Lockheed Martin maintained its full-year 2026 EPS guidance.

This institutional trimming reflects a cautious stance toward defense stocks, with the consensus price target for LMT currently sitting at $613.63 according to MarketBeat data. In comparison to industry peers, while RTX Corp has shown robust backlog growth in recent filings, Lockheed faces specific margin pressures. Per market data, moves by major pension funds often align with the current analyst consensus, which remains at a 'Hold' rating for the defense giant.

Traders should watch key technical levels as LMT closed at $545.91 (close July 02, 2026), having traded within a range of $529 to $545.99. Looking ahead, global manufacturing sentiment will be in focus with the upcoming China Manufacturing PMI release on June 30, which could impact broader industrial and defense sector sentiment.