Lockheed Martin Corporation $LMT Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC lowered its stake in Lockheed Martin Corporation (NYSE:LMT) by 1.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,528 shares of the aerospace company’s stock after selling 1,071 shares during the period. Kestra Advisory Services LLC’s holdings in Lockheed Martin were worth $41,418,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Basso Capital Management L.P. acquired a new position in shares of Lockheed Martin in the 4th quarter worth $25,000. United Financial Planning Group LLC purchased a new stake in shares of Lockheed Martin during the third quarter valued at $25,000. Clarity Asset Management Inc. purchased a new stake in shares of Lockheed Martin during the fourth quarter valued at $26,000. Triumph Capital Management lifted its holdings in shares of Lockheed Martin by 66.7% during the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 22 shares during the last quarter. Finally, Bard Associates Inc. acquired a new position in shares of Lockheed Martin in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 1.9%

Shares of NYSE LMT opened at $517.71 on Friday. The stock has a market cap of $119.36 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 0.95 and a beta of 0.11. The business has a 50 day simple moving average of $521.44 and a 200 day simple moving average of $570.79. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The firm had revenue of $18.02 billion during 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%.The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, research analysts predict that Lockheed Martin Corporation will post 29.93 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 1st were paid a dividend of $3.45 per share. The ex-dividend date was Monday, June 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. Lockheed Martin’s dividend payout ratio is 66.83%.

Key Headlines Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed Martin was selected through its Aculight unit for the Joint Laser Weapon System program, adding another defense-related growth opportunity tied to missile and drone defense. NLight Flashes Buy Signal On U.S. Contract For Missile, Drone Defense
• Positive Sentiment: Goldman Sachs won the mandate to manage part of Lockheed Martin’s retirement assets as part of a combined $70 billion deal, a sign of strong corporate-scale financial relationships and added visibility around its pension/retirement management. Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin
• Positive Sentiment: Recent articles highlighted Lockheed Martin’s large $194 billion backlog and new Pentagon contracts, reinforcing the company’s long-term revenue visibility even as investors await the July 23 earnings report. Lockheed Martin Secures the Ultimate Defense Moat
• Positive Sentiment: Defense stocks, including Lockheed Martin, gained after renewed Iran-war fears and the end of the ceasefire raised expectations for higher defense spending and increased demand for military systems. Northrup, Lockheed, Other Defense Stocks Rise as Trump Sparks Iran War Fears
• Neutral Sentiment: Lockheed Martin also won two U.S. defense contracts worth more than $607 million, which supports backlog growth but is not large enough on its own to change the near-term earnings picture. Lockheed Martin wins two U.S. defense contracts worth over 607M
• Negative Sentiment: Investor attention remains on margin compression, a Q1 earnings miss, and execution risk in fixed-price programs, which help explain why the stock has been slipping despite the strong backlog. Lockheed Martin Secures the Ultimate Defense Moat
• Negative Sentiment: Recent market commentary noted LMT has lagged the broader defense group at times, suggesting traders are still waiting for clearer signs that earnings growth will reaccelerate. LMT Stock Lags Industry in a Month: Is the Pullback an Opportunity?

Analyst Upgrades and Downgrades

LMT has been the topic of a number of analyst reports. Wells Fargo & Company set a $575.00 price target on Lockheed Martin in a research note on Wednesday. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Susquehanna decreased their target price on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a report on Friday, April 24th. TD Cowen dropped their target price on shares of Lockheed Martin from $670.00 to $600.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and an average target price of $609.68.

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.