Maridea Wealth Management LLC acquired a new stake in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,171 shares of the aerospace company’s stock, valued at approximately $707,000.
Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Lockheed Martin by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock worth $4,178,399,000 after buying an additional 114,900 shares during the period. Morgan Stanley grew its position in Lockheed Martin by 10.1% in the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after acquiring an additional 527,523 shares during the period. Wellington Management Group LLP raised its stake in Lockheed Martin by 3.4% during the third quarter. Wellington Management Group LLP now owns 2,384,753 shares of the aerospace company’s stock worth $1,190,493,000 after acquiring an additional 79,491 shares in the last quarter. Invesco Ltd. raised its stake in Lockheed Martin by 4.2% during the third quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock worth $1,096,294,000 after acquiring an additional 87,663 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Lockheed Martin by 0.6% during the fourth quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock valued at $807,866,000 after acquiring an additional 10,349 shares during the period. 74.19% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on LMT. Wells Fargo & Company began coverage on shares of Lockheed Martin in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 target price on the stock. Susquehanna cut their price target on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a report on Friday, April 24th. BNP Paribas Exane reduced their price target on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research note on Friday, April 24th. Finally, Wall Street Zen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $619.63.
Lockheed Martin Stock Performance
Lockheed Martin stock opened at $506.63 on Friday. The stock has a 50-day simple moving average of $526.18 and a 200 day simple moving average of $566.75. The stock has a market capitalization of $116.81 billion, a price-to-earnings ratio of 24.53, a P/E/G ratio of 0.92 and a beta of 0.10. 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 12-month low of $410.11 and a 12-month high of $692.00.
Lockheed Martin (NYSE:LMT – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The company had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. During the same period in the prior year, the company earned $7.28 EPS. The firm’s revenue was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, research analysts anticipate that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.
Lockheed Martin Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 1st were issued a $3.45 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is currently 66.83%.
Lockheed Martin News Roundup
Here are the key news stories impacting Lockheed Martin this week:
- Positive Sentiment: Lockheed Martin won a seven-year U.S. government contract worth up to $35 billion to quadruple THAAD interceptor production, a major win that should boost backlog, sales visibility, and future earnings. THAAD procurement award article
- Positive Sentiment: Analysts said the new missile contract, along with other recent Pentagon orders, strengthens the case for higher EPS as Lockheed ramps missile-defense production. Jefferies analyst note on missile contracts
- Positive Sentiment: Lockheed Martin is also being viewed as a defensive, dividend-oriented name with durable government-backed revenue, which may help support the stock during broader market volatility. Dividend stock article
- Neutral Sentiment: Investors are also watching a broader defense-contractor earnings comparison piece that could influence relative sentiment across the sector, including LMT. Defense contractors Q1 results article
- Neutral Sentiment: Lockheed Martin was recently included in coverage about SpaceX’s military space-laser project and other defense-space partnerships, but the direct financial impact is still unclear. SpaceX military space-laser project article
- Negative Sentiment: The stock also faced recent pressure, including a reported two-day decline and another session where it fell more than the broader market, suggesting some investors were taking profits before the THAAD news fully sank in. Stock down 6% in 2 days article
Lockheed Martin Company 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.
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