Lockheed Martin Corporation $LMT Holdings Decreased by WealthPLAN Partners LLC

WealthPLAN Partners LLC trimmed its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 30.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 3,310 shares of the aerospace company’s stock after selling 1,439 shares during the period. WealthPLAN Partners LLC’s holdings in Lockheed Martin were worth $2,000,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Lockheed Martin by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock valued at $4,178,399,000 after purchasing an additional 114,900 shares during the period. Morgan Stanley grew its position in 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 in the last quarter. Wellington Management Group LLP grew its position 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 valued at $1,190,493,000 after purchasing an additional 79,491 shares in the last quarter. Invesco Ltd. increased its stake in Lockheed Martin by 4.2% in the 3rd quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock valued at $1,096,294,000 after buying an additional 87,663 shares during the period. Finally, Franklin Resources Inc. lifted its position in Lockheed Martin by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock worth $807,866,000 after buying an additional 10,349 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LMT has been the subject of a number of research reports. Morgan Stanley decreased their target price on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. UBS Group reduced their price objective on Lockheed Martin from $683.00 to $538.00 in a research report on Tuesday, June 30th. Weiss Ratings downgraded Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Finally, DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $613.63.

Lockheed Martin Stock Down 0.5%

LMT stock opened at $535.26 on Wednesday. The firm has a market cap of $123.41 billion, a PE ratio of 25.92, a PEG ratio of 0.97 and a beta of 0.11. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $692.00. The company has a fifty day simple moving average of $521.05 and a 200 day simple moving average of $570.07. 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 (NYSE:LMT) last posted its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS 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 business 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 company earned $7.28 earnings per share. The company’s quarterly 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. Sell-side analysts anticipate that Lockheed Martin Corporation will post 29.88 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 1st were issued a dividend of $3.45 per share. 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 2.6%. Lockheed Martin’s dividend payout ratio is currently 66.83%.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed Martin and Rheinmetall signed an MOU to jointly produce ATACMS missiles in Germany, opening the door to the first manufacture of the short-range ballistic missile outside the U.S. and expanding LMT’s European production footprint. Article Title
• Positive Sentiment: NATO summit announcements are highlighting billions in defense deals and higher allied spending, which should support Lockheed Martin’s backlog and demand outlook for systems like F-35s and missile defenses. Article Title
• Positive Sentiment: Lockheed Martin won two U.S. defense contracts worth more than $607 million, adding near-term revenue visibility. Article Title
• Positive Sentiment: Lockheed Martin’s Sikorsky unit is being linked to a proposed White House helipad project, a small but notable political and brand-positive headline. Article Title
• Neutral Sentiment: Lockheed Martin is also in the spotlight after agreeing to buy Ultra Maritime for $3.45 billion, a deal that expands undersea warfare capabilities but may keep investors focused on deal execution and integration costs in the near term. Article Title
• Negative Sentiment: Despite the favorable defense-news backdrop, shares have been pressured by recent concerns about valuation and the company’s prior earnings miss, which can temper enthusiasm even amid strong contract news.

Lockheed Martin 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.