Palumbo Wealth Management LLC Cuts Holdings in Lockheed Martin Corporation $LMT

Palumbo Wealth Management LLC reduced its position in Lockheed Martin Corporation (NYSE:LMT) by 40.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,646 shares of the aerospace company’s stock after selling 1,121 shares during the period. Palumbo Wealth Management LLC’s holdings in Lockheed Martin were worth $815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of LMT. Brighton Jones LLC boosted its stake in shares of Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after buying an additional 191 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Lockheed Martin by 5.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after buying an additional 50 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in shares of Lockheed Martin by 17.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock worth $676,000 after buying an additional 215 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Lockheed Martin by 36.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock worth $1,042,000 after buying an additional 595 shares during the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of Lockheed Martin by 5.9% in the 2nd quarter. Gabelli Funds LLC now owns 14,278 shares of the aerospace company’s stock worth $6,613,000 after buying an additional 800 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

More Lockheed Martin News

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

• Positive Sentiment: Trump / Pentagon budget tailwinds — Multiple reports highlight large proposed defense budgets (big uplifts to procurement and missile programs), which support Lockheed’s multi-year backlog and program funding outlook. Trump’s $2.2T proposed defense budget boosts Lockheed Martin’s outlook
• Positive Sentiment: AIM-260 missile program acceleration — Pentagon budget increases and program prioritization could fast-track Lockheed’s AIM-260 missile work, a potential multi-year revenue and margin driver. Pentagon budget surge signals fast track for Lockheed’s AIM-260 missile program
• Positive Sentiment: Analyst support and small price-target raises — Jefferies raised its LMT price target to $640 (Hold) and Citigroup nudged its target higher; both leave the name supported at current levels. Benzinga PT raise
• Positive Sentiment: Contract &space tailwinds — Lockheed extended supplier ties (Exostar 5-year contract) and benefits from Artemis II/space spending narratives that add optional upside beyond defense prime work. Exostar Wins New 5-Year Contract with Lockheed Martin
• Neutral Sentiment: Market reaction vs. fundamentals — LMT has outperformed recently and some outlets flag limited near-term upside at current valuation despite strong franchise; short-term volatility may persist. Valuation note
• Neutral Sentiment: Daily stock drift — Coverage notes a modest intraday slide vs broader market gains (reported ~-1.6% close in recent session), reflecting sector rotation rather than company-specific earnings surprises. Lockheed Martin (LMT) Stock Slides as Market Rises
• Negative Sentiment: Program competition loss — Lockheed did not advance in the Army’s flight-school competition while Bell and M1 moved on, a direct operational setback that can delay near-term revenue tied to that contest. Bell, M1 Move Onto Final Phase… Lockheed Doesn’t Advance
• Negative Sentiment: Sector-level weakness from Iran conflict — Despite the geopolitical event, defense ETFs and many defense names have been down (ETF ~8% decline since Iran war began), as investors await clarity on U.S. policy actions; that uncertainty is pressuring LMT today. Defense Stocks Fall. Why They Haven’t Had a Iran War Surge

Analyst Ratings Changes

A number of research firms have recently issued reports on LMT. JPMorgan Chase & Co. raised their price target on Lockheed Martin from $515.00 to $680.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Jefferies Financial Group raised their price target on Lockheed Martin from $630.00 to $640.00 and gave the stock a “hold” rating in a research note on Tuesday. Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 22nd. Susquehanna raised their price target on Lockheed Martin from $725.00 to $740.00 and gave the stock a “positive” rating in a research note on Wednesday, March 18th. Finally, Morgan Stanley set a $675.00 price target on Lockheed Martin in a research note on Wednesday, February 4th. Seven analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $635.26.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $627.55 on Wednesday. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $692.00. The stock’s fifty day moving average is $637.98 and its 200 day moving average is $545.04. The stock has a market cap of $144.63 billion, a P/E ratio of 29.20, a P/E/G ratio of 1.12 and a beta of 0.23. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the prior year, the business posted $7.67 earnings per share. Lockheed Martin’s revenue for the quarter was up 9.1% compared to the same quarter last year. Sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 2nd were issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, March 2nd. Lockheed Martin’s dividend payout ratio (DPR) is currently 64.22%.

Lockheed Martin Company 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.