Lockheed Martin Corporation $LMT Shares Newly Acquired by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida acquired a new stake in Lockheed Martin Corporation (NYSE:LMT) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 2,207 shares of the aerospace company’s stock, valued at approximately $1,124,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC raised its stake in shares of Lockheed Martin by 5.4% during the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company’s stock worth $167,043,000 after purchasing an additional 14,150 shares in the last quarter. Norris Financial Group LLC bought a new position in shares of Lockheed Martin in the first quarter valued at $2,321,000. Legal Advantage Investments Inc. acquired a new position in Lockheed Martin during the first quarter worth $1,451,000. Deutsche Bank AG increased its holdings in Lockheed Martin by 7.4% during the fourth quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company’s stock worth $696,891,000 after buying an additional 99,403 shares during the last quarter. Finally, Talon Private Wealth LLC bought a new stake in Lockheed Martin during the first quarter worth $3,743,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT traded down $10.99 on Wednesday, reaching $499.13. The company had a trading volume of 1,073,741 shares, compared to its average volume of 1,451,960. The stock has a market cap of $115.19 billion, a P/E ratio of 18.40, a P/E/G ratio of 1.10 and a beta of 0.09. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00. The company’s fifty day moving average is $552.10 and its 200 day moving average is $549.20.

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

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Tuesday, September 1st were paid a $3.45 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $13.80 annualized dividend and a yield of 2.8%. Lockheed Martin’s payout ratio is 50.87%.

Analyst Ratings Changes

A number of analysts have commented on LMT shares. Weiss Ratings cut shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 24th. TD Cowen dropped their target price on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Royal Bank Of Canada raised their target price on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a research report on Wednesday, September 2nd. Finally, Citigroup upped their price objective on Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $638.21.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: Analyst upgrade provides a significant upside signal. Rothschild & Co Redburn initiated coverage with a “buy”/“strong-buy” rating and a $650 price target, implying substantial potential upside from recent trading levels. Rothschild & Co Redburn upgrades Lockheed Martin
• Positive Sentiment: New defense awards strengthen revenue visibility. Lockheed Martin received a $209 million U.S. Navy electronic-warfare contract modification, with options that could raise the total value to approximately $1.71 billion. The company also secured a $245 million modification for a second IRST Block II order. Lockheed Martin electronic warfare contract
• Positive Sentiment: International and missile-defense programs continue progressing. Morocco’s first F-16 Block 72 completed its initial flight, supporting Lockheed Martin’s international aircraft backlog. Separately, GM Defense delivered components for the PAC-3 Missile Segment Enhancement program, which may help the company respond to strong interceptor demand. Morocco F-16 Block 72 first flight
• Neutral Sentiment: Investors are awaiting the third-quarter earnings report. A pre-earnings analysis described LMT as attractive after its pullback, but the report also highlights the risk that results, guidance or program execution could determine the next major move. Lockheed Martin Q3 earnings preview
• Negative Sentiment: Relative underperformance is weighing on sentiment. Coverage notes that LMT has lagged the S&P 500 and remains far below its 52-week high. That weakness may reflect investor concerns about growth, program execution and whether defense-sector optimism is already reflected in valuations. Lockheed Martin is cheap and lagging

About Lockheed Martin

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.