Chapin Davis Inc. Sells 997 Shares of Lockheed Martin Corporation $LMT

Chapin Davis Inc. trimmed its holdings in Lockheed Martin Corporation (NYSE:LMT) by 39.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,561 shares of the aerospace company’s stock after selling 997 shares during the period. Chapin Davis Inc.’s holdings in Lockheed Martin were worth $795,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Monument Capital Management increased its holdings in shares of Lockheed Martin by 39.1% in the third quarter. Monument Capital Management now owns 1,345 shares of the aerospace company’s stock valued at $685,000 after purchasing an additional 378 shares during the period. Diversified Management Inc. raised its stake in shares of Lockheed Martin by 234.1% during the third quarter. Diversified Management Inc. now owns 2,098 shares of the aerospace company’s stock worth $1,068,000 after purchasing an additional 1,470 shares during the last quarter. First Heartland Consultants Inc. lifted its holdings in shares of Lockheed Martin by 22.0% during the third quarter. First Heartland Consultants Inc. now owns 1,304 shares of the aerospace company’s stock worth $664,000 after purchasing an additional 235 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Lockheed Martin by 8.5% during the third quarter. GAMMA Investing LLC now owns 7,372 shares of the aerospace company’s stock worth $3,754,000 after purchasing an additional 575 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Lockheed Martin by 29.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 23,810 shares of the aerospace company’s stock valued at $12,125,000 after buying an additional 5,402 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $507.81 on Friday. The company has a market cap of $117.20 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 1.08 and a beta of 0.09. Lockheed Martin Corporation has a one year low of $437.25 and a one year high of $692.00. The business has a fifty day moving average of $549.35 and a two-hundred day moving average of $547.40. 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 (NYSE:LMT) last released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. The business had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.46 EPS. 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 business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st were given a dividend of $3.45 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $13.80 annualized dividend and a yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is presently 50.87%.

Analysts Set New Price Targets

LMT has been the subject of a number of analyst reports. Wells Fargo & Company set a $600.00 price objective on shares of Lockheed Martin in a research report on Monday, July 27th. Rothschild & Co Redburn started coverage on shares of Lockheed Martin in a report on Tuesday. They issued a “buy” rating and a $650.00 target price on the stock. Morgan Stanley boosted their price target on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a report on Friday, July 24th. Finally, UBS Group upgraded shares of Lockheed Martin from a “neutral” rating to a “buy” rating and raised their price objective for the company from $581.00 to $674.00 in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $634.00.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: AIM-260 missile program could improve multiyear revenue visibility. A framework agreement with the Pentagon is expected to accelerate production and delivery of Lockheed Martin’s AIM-260 Joint Advanced Tactical Missile. The program’s growing importance to U.S. air dominance plans could support a longer-term increase in orders and sales. Can Lockheed Martin’s AIM-260 Missile Deliver Multiyear Growth?
• Positive Sentiment: Rothschild & Co. Redburn initiated coverage with a Buy rating and a $650 price target. The target implies substantial upside from recent trading levels and adds to the bullish case for the shares. Rothschild & Co initiates coverage of Lockheed Martin with buy
• Positive Sentiment: Investors continue to point to Lockheed Martin’s large backlog and potential margin recovery. Recent analysis argues that missile growth, improving profitability and resilient defense demand could strengthen the company’s earnings outlook. Lockheed Martin: Missile Growth and Margin Recovery Could Change the Earnings Story
• Neutral Sentiment: Lockheed Martin announced the first flight of Morocco’s first F-16 Block 72, highlighting continued international demand for its aircraft, though the near-term financial impact was not disclosed. Lockheed Martin Announces First Flight of Morocco’s First F-16 Block 72
• Negative Sentiment: The stock recently fell more sharply than the broader market and has significantly lagged the S&P 500 this year. Its position below recent highs and key moving averages remains a technical and performance overhang. Lockheed Martin Suffers a Larger Drop Than the General Market

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.