Huntington National Bank Sells 4,154 Shares of Lockheed Martin Corporation $LMT

Huntington National Bank trimmed its holdings in Lockheed Martin Corporation (NYSE:LMT) by 5.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,443 shares of the aerospace company’s stock after selling 4,154 shares during the quarter. Huntington National Bank’s holdings in Lockheed Martin were worth $35,522,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LMT. United Financial Planning Group LLC bought a new position in shares of Lockheed Martin in the third quarter valued at about $25,000. Tucker Asset Management LLC bought a new position in shares of Lockheed Martin in the fourth quarter valued at about $32,000. Beacon Financial Strategies CORP bought a new position in shares of Lockheed Martin in the fourth quarter valued at about $34,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Lockheed Martin in the third quarter valued at about $35,000. Finally, Wexford Capital LP bought a new position in shares of Lockheed Martin in the third quarter valued at about $36,000. 74.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Wells Fargo & Company assumed coverage on Lockheed Martin in a report on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 price objective for the company. Finally, UBS Group boosted their price objective on Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $620.68.

More Lockheed Martin News

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

• Positive Sentiment: Lockheed is seeing strong demand in missile defense, sustainment, and autonomous systems, which supports the company’s long-term revenue outlook. Lockheed Martin sees rising demand for missile defense, sustainment, autonomous systems
• Positive Sentiment: The U.S. military awarded major defense contracts tied to F-35 and MLRS support, reinforcing Lockheed’s backlog and near-term defense spending tailwinds. LMT, RTX Win Big US Defense Contracts Worth Over $1.1B
• Positive Sentiment: Lockheed is expanding munitions capacity in Alabama, including work tied to missile defense programs such as THAAD, which points to stronger production capabilities and future revenue potential. Lockheed Martin Expands Alabama Munitions Capacity As Valuation Draws Investor Focus
• Positive Sentiment: Management commentary at Bernstein and other appearances highlighted continued demand for missile defense and F-35-related programs, which can reassure investors about the defense growth story. Lockheed Martin Corporation (LMT) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Neutral Sentiment: Gastops said its ChipCHECK debris-analysis technology was validated for the Pratt & Whitney F135 engine used in the F-35, a supportive development for the broader F-35 ecosystem but not a direct Lockheed earnings catalyst. Gastops Validates ChipCHECK® Debris Analysis Technology for Pratt & Whitney F135 Engine / Lockheed Martin F-35 Lightning II
• Neutral Sentiment: News that the F-35 PTMS analysis will be completed soon and that Block 4 is viewed as underfunded may keep attention on program execution and funding risk, but it also underscores the program’s strategic importance. F-35 Program And Lockheed Martin To Finish F-35 PTMS Analysis Soon, As HASC Argues Block 4 “Underfunded”
• Negative Sentiment: Some investor focus is being weighed by valuation concerns after Citi cut its price target on LMT to $571 from $675 while keeping a Neutral rating, which may limit upside enthusiasm. Is Lockheed Martin (LMT) One of the Best Blue Chip Stocks to Buy for Your Retirement Portfolio?

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $531.80 on Thursday. The stock has a market capitalization of $122.61 billion, a P/E ratio of 25.75, a P/E/G ratio of 0.97 and a beta of 0.10. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $692.00. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The business has a 50-day moving average price of $570.82 and a two-hundred day moving average price of $557.72.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.79 by ($0.35). The company had revenue of $18.02 billion for the quarter, compared to analyst estimates of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.Lockheed Martin’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities analysts predict that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be given a dividend of $3.45 per share. 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%.

About Lockheed Martin

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.