Lockheed Martin Corporation $LMT Shares Sold by American National Bank & Trust

American National Bank & Trust cut its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 6.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,821 shares of the aerospace company’s stock after selling 2,518 shares during the quarter. Lockheed Martin accounts for 1.6% of American National Bank & Trust’s holdings, making the stock its 20th largest position. American National Bank & Trust’s holdings in Lockheed Martin were worth $17,733,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Basso Capital Management L.P. bought a new stake in Lockheed Martin during the fourth quarter worth $25,000. Burnham & Co LLC acquired a new position in shares of Lockheed Martin during the second quarter worth $25,000. Clarity Asset Management Inc. bought a new position in shares of Lockheed Martin in the 4th quarter valued at $26,000. Field & Main Bank bought a new position in Lockheed Martin in the second quarter valued at about $26,000. Finally, Bard Associates Inc. bought a new stake in shares of Lockheed Martin during the fourth quarter worth about $27,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LMT has been the subject of several analyst reports. Weiss Ratings lowered Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th. Rothschild & Co Redburn assumed coverage on Lockheed Martin in a research note on Tuesday. They issued a “buy” rating and a $650.00 target price for the company. Citigroup upped their price objective on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a research report on Wednesday, September 2nd. Finally, Wall Street Zen upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 20th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average target price of $638.21.

Key Headlines Impacting Lockheed Martin

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

• Positive Sentiment: Analyst upgrade supports the stock. Rothschild & Co Redburn upgraded Lockheed Martin (LMT) to “strong-buy,” providing a favorable catalyst after the shares’ recent weakness. Rothschild & Co Redburn Upgrades Lockheed Martin to Strong-Buy
• Positive Sentiment: Electronic-warfare award improves revenue visibility. Lockheed Martin received a $209 million Navy contract modification, with options that could increase the total value to as much as $1.71 billion. The award benefits the company as fleet modernization drives demand for electronic-warfare systems. Lockheed Martin Awarded $209 Million Navy Contract Modification
• Positive Sentiment: Missile-defense production is accelerating. Boeing received a seven-year framework from Lockheed Martin to triple PAC-3 MSE seeker output, while GM Defense has already delivered components for the program. The developments could help LMT address strong interceptor demand and reduce supply bottlenecks. Boeing Receives Seven-Year Contract to Accelerate PAC-3 MSE Seeker Output
• Positive Sentiment: Additional defense milestones add support. Lockheed Martin secured a $245 million modification for a second IRST Block II order, and its F-16 Block 72 for Morocco completed its first flight. Broader sector optimism is also being driven by rising defense budgets, missile defense initiatives and replenishment demand. $245 Million IRST Block II Order
• Neutral Sentiment: Investors are awaiting quarterly results. A recent earnings preview characterizes LMT as a potential buy despite the pullback, while comparison articles debate its value relative to General Dynamics and Howmet. The latest reported quarter exceeded estimates, with $7.94 in EPS and $20.06 billion in revenue.
• Negative Sentiment: Relative performance remains a concern. Articles note that LMT has lagged the S&P 500 and has delivered limited year-to-date and 12-month gains. This weakness, combined with elevated leverage and a stock price below key moving averages, may be limiting investor enthusiasm despite the favorable contract pipeline.

Lockheed Martin Stock Performance

Shares of NYSE LMT traded down $7.36 during trading on Wednesday, reaching $502.76. 357,426 shares of the stock traded hands, compared to its average volume of 1,448,112. The company has a 50-day moving average of $552.10 and a 200-day moving average of $549.20. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00. The stock has a market capitalization of $116.03 billion, a P/E ratio of 18.53, a price-to-earnings-growth ratio of 1.10 and a beta of 0.09. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.22 by $0.72. The company had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Analysts forecast that Lockheed Martin Corporation will post 30.44 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st were issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is presently 50.87%.

Lockheed Martin Profile

Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.

Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.