Pinnacle West Asset Management Inc. Invests $651,000 in Lockheed Martin Corporation $LMT

Posted by Geri Gentry on Aug 22nd, 2026

Pinnacle West Asset Management Inc. purchased a new stake in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,278 shares of the aerospace company’s stock, valued at approximately $651,000.

Several other institutional investors also recently modified their holdings of LMT. BlackRock Inc. purchased a new position in Lockheed Martin in the 2nd quarter worth about $9,617,574,000. Bank of New York Mellon Corp bought a new position in Lockheed Martin during the 2nd quarter valued at about $645,258,000. Diamant Asset Management Inc. boosted its holdings in shares of Lockheed Martin by 60,339.0% during the 1st quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock valued at $531,493,000 after acquiring an additional 877,932 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Lockheed Martin by 107.3% in the fourth quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock worth $625,784,000 after acquiring an additional 669,604 shares during the period. Finally, Deutsche Bank AG bought a new stake in shares of Lockheed Martin in the second quarter worth approximately $274,558,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wells Fargo & Company set a $600.00 price objective on shares of Lockheed Martin in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research report on Friday, April 24th. TD Cowen lowered their price target on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a report on Monday, July 13th. JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Finally, Robert W. Baird set a $700.00 price objective on Lockheed Martin in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and an average price target of $632.39.

Read Our Latest Analysis on Lockheed Martin

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $564.61 on Friday. The firm has a 50 day moving average of $547.80 and a 200 day moving average of $575.73. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $130.31 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 0.98 and a beta of 0.10. Lockheed Martin Corporation has a 12-month low of $437.25 and a 12-month high of $692.00.

Lockheed Martin (NYSE:LMT – Get Free Report) last announced its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. The firm’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, research analysts anticipate that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is 50.87%.

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.