Smithbridge Asset Management Inc. DE increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) by 113.0% during the 4th quarter, HoldingsChannel reports. The fund owned 25,880 shares of the aerospace company’s stock after buying an additional 13,729 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in Lockheed Martin were worth $12,517,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of LMT. Sanders Capital LLC bought a new stake in Lockheed Martin during the third quarter worth about $252,699,000. First Trust Advisors LP boosted its holdings in Lockheed Martin by 286.1% in the third quarter. First Trust Advisors LP now owns 503,428 shares of the aerospace company’s stock worth $251,316,000 after acquiring an additional 373,027 shares in the last quarter. Canoe Financial LP bought a new stake in Lockheed Martin in the fourth quarter worth $166,403,000. SG Americas Securities LLC boosted its holdings in Lockheed Martin by 7,309.8% in the fourth quarter. SG Americas Securities LLC now owns 262,233 shares of the aerospace company’s stock worth $126,834,000 after acquiring an additional 258,694 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Lockheed Martin by 41.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 808,409 shares of the aerospace company’s stock worth $403,534,000 after acquiring an additional 236,137 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on LMT shares. BNP Paribas Exane dropped their target price on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. Jefferies Financial Group reiterated a “hold” rating and issued a $595.00 target price on shares of Lockheed Martin in a research note on Sunday, April 26th. Wells Fargo & Company assumed coverage on shares of Lockheed Martin in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 target price on the stock. Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. Finally, Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $620.68.
Key Headlines Impacting Lockheed Martin
Here are the key news stories impacting Lockheed Martin this week:
- Positive Sentiment: Lockheed Martin won a $153.9 million contract for F-35 long-lead parts, adding to its backlog and reinforcing demand for its core fighter program. Article Title
- Positive Sentiment: The company cleared a key propulsion test for its PrSM Increment 4 missile and is investing heavily to expand long-range strike production, which supports the growth narrative in missiles and munitions. Article Title
- Positive Sentiment: Lockheed Martin also demonstrated a containerized JAGM system that successfully intercepted a test drone, highlighting progress in counter-drone and mobile defense technologies. Article Title
- Neutral Sentiment: Jim Cramer described Lockheed Martin as “very volatile,” which may reflect investor uncertainty rather than a direct change in fundamentals. Article Title
- Neutral Sentiment: Lockheed Martin said it cannot determine when U.S. allies will receive Patriot missiles because it does not control PAC-3 interceptor allocation, even though production has tripled; the issue underscores strong demand but also supply constraints. Article Title
- Negative Sentiment: A law firm reportedly opened an investigation into alleged misleading statements tied to contract losses, disclosures, and governance practices, which could create overhang for the stock. Article Title
Lockheed Martin Stock Down 0.9%
NYSE LMT opened at $525.21 on Thursday. The stock’s 50-day moving average price is $550.81 and its 200-day moving average price is $561.94. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The company has a market capitalization of $121.09 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 0.96 and a beta of 0.10.
Lockheed Martin (NYSE:LMT – Get Free Report) last issued its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.79 by ($0.35). The business had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the business posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, equities research analysts predict that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.
Lockheed Martin Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be issued a $3.45 dividend. The ex-dividend date is Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. Lockheed Martin’s payout ratio is 66.83%.
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.
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