Steinberganna Wealth Management Acquires New Shares in Lockheed Martin Corporation $LMT

Steinberganna Wealth Management bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the 3rd quarter, HoldingsChannel reports. The firm bought 1,377 shares of the aerospace company’s stock, valued at approximately $688,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Carnegie Investment Counsel grew its stake in shares of Lockheed Martin by 11.4% during the 3rd quarter. Carnegie Investment Counsel now owns 29,639 shares of the aerospace company’s stock worth $14,796,000 after purchasing an additional 3,031 shares during the period. VCI Wealth Management LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at $3,075,000. DAVENPORT & Co LLC boosted its holdings in Lockheed Martin by 22.4% during the third quarter. DAVENPORT & Co LLC now owns 25,423 shares of the aerospace company’s stock worth $12,688,000 after buying an additional 4,652 shares in the last quarter. Farther Finance Advisors LLC grew its position in Lockheed Martin by 29.2% during the third quarter. Farther Finance Advisors LLC now owns 10,036 shares of the aerospace company’s stock valued at $5,010,000 after buying an additional 2,270 shares during the period. Finally, Laffer Tengler Investments Inc. increased its holdings in Lockheed Martin by 482.6% in the second quarter. Laffer Tengler Investments Inc. now owns 6,979 shares of the aerospace company’s stock valued at $3,232,000 after buying an additional 5,781 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

More Lockheed Martin News

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

• Positive Sentiment: President Trump’s high-profile proposal to boost U.S. defense spending toward a $1.5 trillion target by 2027 pushed defense stocks higher, improving near-term revenue visibility for major primes including Lockheed. Defense Stocks Surge After Trump Calls For $1.5 Trillion Defense Budget
• Positive Sentiment: Operational tailwind: Lockheed reported a record year for F‑35 deliveries (191 jets in 2025), signalling stronger production momentum and backlog conversion that supports longer-term top-line and cash-flow outlooks. Lockheed says 2025 F-35 deliveries hit 191 as demand lifts production pace
• Neutral Sentiment: Analyst estimate activity is mixed: some short-term EPS tweaks have been raised (helpful), while a few forward-period cuts were issued—this reduces the clarity of how much upside the market should price in from higher defense spending alone. Lockheed (LMT) Surges 4.3%: Is This an Indication of Further Gains?
• Neutral Sentiment: Analysts are setting Q3/Q4 expectations ahead of upcoming quarterly cadence; watch analyst commentary for guidance sensitivity to budget changes and production rates. Analysts Set Expectations for Lockheed Martin Q3 Earnings
• Negative Sentiment: Political risk: Trump’s statements and an executive order targeting dividends and buybacks for defense contractors (to force prioritization of production) triggered sharp intraday selling and remain a regulatory/political overhang that could pressure shareholder returns and valuation multiples. Trump says he won’t permit dividends, buybacks for defense companies till they fix equipment production
• Negative Sentiment: Volatility and whipsaw risk: the market reacted strongly intraday to alternating negative (buyback/dividend ban) and positive (huge budget proposal) headlines—expect continued headline-driven swings until policy clarity arrives. LMT Stock Whipsaws After Trump Bans Buybacks, Then Calls For $1.5 Trillion Military Budget

Lockheed Martin Stock Performance

NYSE LMT opened at $518.63 on Friday. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. The stock’s 50 day simple moving average is $472.81 and its 200-day simple moving average is $467.52. The company has a market cap of $120.01 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 1.41 and a beta of 0.24. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $542.87.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The company had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same quarter last year, the firm posted $6.84 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LMT shares. Morgan Stanley restated an “equal weight” rating and set a $543.00 target price (down from $630.00) on shares of Lockheed Martin in a research report on Tuesday, December 16th. Citigroup began coverage on Lockheed Martin in a research report on Thursday, December 11th. They set a “neutral” rating and a $505.00 price target on the stock. Truist Financial boosted their price objective on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. The Goldman Sachs Group upped their target price on Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Finally, Sanford C. Bernstein lifted their price target on shares of Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a research note on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $506.18.

Insider Buying and Selling at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the transaction, the chief operating officer directly owned 1 shares in the company, valued at $491.04. The trade was a 99.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

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.