Turtle Creek Wealth Advisors LLC increased its position in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) by 14.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,608 shares of the aerospace company’s stock after purchasing an additional 964 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Lockheed Martin were worth $4,598,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Cerro Pacific Wealth Advisors LLC boosted its stake in Lockheed Martin by 1.2% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock worth $665,000 after buying an additional 16 shares in the last quarter. Garner Asset Management Corp increased its holdings in Lockheed Martin by 0.9% in the 4th quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock valued at $839,000 after buying an additional 16 shares during the period. Davis R M Inc. raised its stake in shares of Lockheed Martin by 1.3% in the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock valued at $612,000 after buying an additional 16 shares in the last quarter. Broadway Wealth Solutions Inc. lifted its holdings in shares of Lockheed Martin by 3.6% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock worth $234,000 after acquiring an additional 17 shares during the period. Finally, Aspire Growth Partners LLC boosted its position in shares of Lockheed Martin by 0.7% during the 4th quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock valued at $1,217,000 after acquiring an additional 17 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.
Key Lockheed Martin News
Here are the key news stories impacting Lockheed Martin this week:
- Positive Sentiment: Lockheed Martin was reported to be the front-runner to buy Ultra Maritime in a deal valued at about $3.5 billion, which could expand its naval-defense footprint and add to its long-term growth story. Lockheed Martin frontrunner for $3.5B Ultra Maritime deal, sources say – FT
- Positive Sentiment: The company also continues to benefit from large defense awards, including a massive missile-defense production contract for THAAD interceptors and a separate U.S. Army radar contract, reinforcing strong demand for its products. Why Lockheed Martin (LMT) Is Up 6.1% After Massive Missile-Defense Contracts And Index Shift
- Positive Sentiment: Citi upgraded Lockheed Martin to Buy, signaling that some analysts see the recent weakness as a buying opportunity. Why Lockheed Stock’s Brutal Quarter Is Sending a Buy Signal
- Neutral Sentiment: Lockheed Martin announced it will webcast its second-quarter 2026 earnings call on July 23, setting up the next major company update for investors. Lockheed Martin Announces Second Quarter 2026 Earnings Results Webcast
- Negative Sentiment: Some coverage continues to highlight pressure from program charges, weaker cash flow, and a recent quarter that was not as strong as peers, which could temper enthusiasm despite the contract wins. General Dynamics Vs. Lockheed Martin: Buy General Dynamics for Deep Marine Backlogs
- Negative Sentiment: UBS cut its price target on Lockheed Martin, reflecting a more cautious view on valuation and near-term upside. UBS cuts price target on Lockheed Martin to 538 from 683
Lockheed Martin Price Performance
Lockheed Martin (NYSE:LMT – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing the consensus estimate of $6.79 by ($0.35). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The firm had revenue of $18.02 billion for the quarter, compared to analyst estimates of $18.38 billion. During the same period in the previous year, the business posted $7.28 EPS. The business’s quarterly revenue was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, equities analysts anticipate that Lockheed Martin Corporation will post 29.88 EPS for the current fiscal year.
Lockheed Martin Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 1st were given a $3.45 dividend. The ex-dividend date was Monday, June 1st. This represents a $13.80 annualized dividend and a yield of 2.5%. Lockheed Martin’s payout ratio is presently 66.83%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. UBS Group dropped their price target on shares of Lockheed Martin from $683.00 to $538.00 in a research report on Tuesday. Weiss Ratings cut Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Royal Bank Of Canada cut their target price on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating for the company in a research report on Friday, April 24th. Wall Street Zen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $613.63.
Check Out Our Latest Report on Lockheed Martin
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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