Westpac Banking Corp Sells 1,061 Shares of Lockheed Martin Corporation $LMT

Posted by Brenda Bartman on Jul 23rd, 2026

Westpac Banking Corp cut its holdings in Lockheed Martin Corporation (NYSE:LMT – Free Report) by 39.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,642 shares of the aerospace company’s stock after selling 1,061 shares during the quarter. Westpac Banking Corp’s holdings in Lockheed Martin were worth $992,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Diamant Asset Management Inc. grew its holdings in Lockheed Martin by 60,339.0% in the first quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock worth $531,493,000 after purchasing an additional 877,932 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Lockheed Martin by 107.3% during the fourth quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock valued at $625,784,000 after purchasing an additional 669,604 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Lockheed Martin by 10.1% during the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after purchasing an additional 527,523 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of Lockheed Martin by 203.3% in the 4th quarter. Corient Private Wealth LLC now owns 560,363 shares of the aerospace company’s stock worth $271,031,000 after purchasing an additional 375,622 shares in the last quarter. Finally, Canoe Financial LP bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $166,403,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Lockheed Martin

Here are the key news stories impacting Lockheed Martin this week:

Positive Sentiment: Lockheed Martin declared a third-quarter 2026 dividend of $3.45 per share, reinforcing its shareholder-return story and signaling confidence in cash generation. Lockheed Martin Declares Third Quarter 2026 Dividend
Positive Sentiment: The company is set to report Q2 results soon, and investors are focused on whether stronger defense spending and renewed Middle East tensions will support orders, backlog, and guidance. Lockheed Martin to report Q2 as Mideast tension renews
Positive Sentiment: Lockheed recently unveiled a lower-cost Patriot interceptor and announced a propulsion technology partnership with Venus Aerospace, which could strengthen its long-term competitiveness in missile defense and precision-strike systems. Lockheed Martin Unveils Patriot Missile That Could Cost Less Than Half the Current Interceptor as Ukraine, Middle East Conflicts Drive Demand
Neutral Sentiment: Analyst and market commentary pieces are largely centered on valuation and the upcoming earnings release, with no major new downside surprise in the news flow. Lockheed Martin Reports Q2 Earnings Tomorrow. Here is What Investors Should Expect.
Negative Sentiment: Some traders are worried that Lockheed’s cheaper Patriot missile could pressure margins if pricing concessions outweigh volume gains, creating a potential near-term earnings concern. Why Lockheed Martin Stock Dropped Tuesday Morning

Lockheed Martin Trading Up 1.5%

Shares of LMT stock opened at $514.50 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a 12-month low of $411.00 and a 12-month high of $692.00. The stock has a market capitalization of $118.62 billion, a P/E ratio of 24.92, a P/E/G ratio of 0.91 and a beta of 0.11. The firm’s 50 day moving average is $521.47 and its 200 day moving average is $572.63.

Lockheed Martin (NYSE:LMT – Get Free Report) last announced its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The company had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. Lockheed Martin’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.28 earnings per share. Research analysts expect that Lockheed Martin Corporation will post 29.92 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be issued a $3.45 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. Lockheed Martin’s payout ratio is presently 66.83%.

Wall Street Analyst Weigh In

LMT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research report on Friday, April 24th. DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Sanford C. Bernstein reissued a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Wells Fargo & Company set a $575.00 target price on Lockheed Martin in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada reduced their price target on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating for the company in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $615.78.

View Our Latest Report on Lockheed Martin

Lockheed Martin Profile

(Free Report)

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.