Cerity Partners LLC Cuts Stake in Lockheed Martin Corporation $LMT

Cerity Partners LLC reduced its stake in Lockheed Martin Corporation (NYSE:LMT) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,698 shares of the aerospace company’s stock after selling 9,272 shares during the period. Cerity Partners LLC’s holdings in Lockheed Martin were worth $69,995,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LMT. Cerro Pacific Wealth Advisors LLC increased its position in shares of Lockheed Martin by 1.2% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock valued at $665,000 after acquiring an additional 16 shares in the last quarter. Garner Asset Management Corp increased its position in shares of Lockheed Martin by 0.9% during the fourth quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock valued at $839,000 after acquiring an additional 16 shares in the last quarter. Broadway Wealth Solutions Inc. increased its position in shares of Lockheed Martin by 3.6% during the fourth quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock valued at $234,000 after acquiring an additional 17 shares in the last quarter. Aspire Growth Partners LLC increased its position in shares of Lockheed Martin by 0.7% during the fourth quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock valued at $1,217,000 after acquiring an additional 17 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its position in shares of Lockheed Martin by 3.2% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 583 shares of the aerospace company’s stock valued at $282,000 after acquiring an additional 18 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed Martin won a $153.9 million deal for long-lead parts for 11 F-35 aircraft, adding to its backlog and supporting near-term revenue visibility. Lockheed Martin wins $153.9M deal for 11 F-35 aircraft long-lead parts
• Positive Sentiment: The company also completed a live-fire counter-drone test using a containerized Joint-Air-to-Ground Missile system, highlighting new capabilities in a fast-growing defense area. Lockheed Martin Counter Drone Breakthrough Tested As Governance Questions Rise
• Positive Sentiment: Lockheed Martin cleared a key PrSM Increment 4 propulsion test, which could expand its long-range missile offerings and improve production efficiency if development stays on track. Is Lockheed Martin Expanding Its Long-Range Missile Capabilities?
• Positive Sentiment: Lockheed Martin was selected to provide satellite communications support for NOAA’s next-generation Hurricane Hunter aircraft through Viasat, another incremental business win. Viasat (VSAT) Selected by Lockheed Martin to Provide Satellite Communications for NOAA’s Hurricane Hunter Aircraft
• Neutral Sentiment: Lockheed Martin was mentioned alongside other aerospace and space names in market commentary tied to broader sector attention, but this does not materially change the company’s fundamentals. Zacks Investment Ideas feature highlights: Rocket Lab, AST SpaceMobile, Intuitive Machines, Planet Labs, Lockheed Martin and L3Harris
• Negative Sentiment: A law firm launched an investigation into Lockheed Martin over alleged misleading statements tied to contract losses, disclosures, and governance practices, which could weigh on sentiment if it escalates. Lockheed Martin Counter Drone Breakthrough Tested As Governance Questions Rise

Analyst Ratings Changes

Several equities research analysts recently weighed in on LMT shares. Sanford C. Bernstein reissued a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Citigroup dropped their price objective on Lockheed Martin from $675.00 to $571.00 and set a “neutral” rating on the stock in a research report on Monday, May 18th. Wells Fargo & Company assumed coverage on Lockheed Martin in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 price objective on the stock. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $595.00 price objective on shares of Lockheed Martin in a research report on Sunday, April 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $620.68.

Lockheed Martin Stock Up 1.9%

NYSE LMT opened at $529.73 on Wednesday. The stock’s 50-day moving average price is $552.24 and its 200-day moving average price is $561.54. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The company has a market capitalization of $122.14 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 0.94 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data 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 company had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. During the same period last year, the business earned $7.28 EPS. The firm’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. On average, equities research analysts predict that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be given a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, June 1st. Lockheed Martin’s payout ratio is presently 66.83%.

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.