Lockheed Martin Corporation $LMT Stock Acquired by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC increased its position in Lockheed Martin Corporation (NYSE:LMT) by 19.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,673 shares of the aerospace company’s stock after purchasing an additional 919 shares during the quarter. Precedent Wealth Partners LLC’s holdings in Lockheed Martin were worth $2,889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in Lockheed Martin by 1.3% during the 2nd quarter. State Street Corp now owns 32,975,170 shares of the aerospace company’s stock worth $16,799,530,000 after buying an additional 419,582 shares during the period. BlackRock Inc. acquired a new position in Lockheed Martin in the 2nd quarter worth $9,617,574,000. Corient Private Wealth LP boosted its position in Lockheed Martin by 3,983.3% in the 2nd quarter. Corient Private Wealth LP now owns 7,110,961 shares of the aerospace company’s stock valued at $3,622,750,000 after buying an additional 6,936,814 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Lockheed Martin in the 2nd quarter valued at about $645,258,000. Finally, Diamant Asset Management Inc. boosted its position in Lockheed Martin by 60,339.0% in the 1st quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock valued at $531,493,000 after buying an additional 877,932 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 6.7%

LMT opened at $588.64 on Friday. The stock has a market capitalization of $135.85 billion, a PE ratio of 21.70, a P/E/G ratio of 1.19 and a beta of 0.09. The firm’s fifty day moving average price is $538.59 and its 200 day moving average price is $541.86. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. Lockheed Martin Corporation has a 12-month low of $437.25 and a 12-month high of $692.00.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, October 22nd. The aerospace company reported $7.97 EPS for the quarter, beating analysts’ consensus estimates of $7.52 by $0.45. The firm had revenue of $20.71 billion for the quarter, compared to the consensus estimate of $20.48 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.95 EPS. As a group, research analysts expect that Lockheed Martin Corporation will post 30.43 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be paid a $3.60 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.45. The ex-dividend date is Tuesday, December 1st. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.4%. Lockheed Martin’s dividend payout ratio (DPR) is currently 50.87%.

Key Headlines Impacting Lockheed Martin

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

• Positive Sentiment: Q3 results exceeded expectations. Lockheed Martin reported adjusted earnings of $7.97 per share versus the $7.52 consensus estimate, while sales rose 11.3% year over year to $20.71 billion, ahead of the $20.48 billion forecast. Net earnings increased 14% to $1.85 billion. Lockheed Martin Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 outlook. The company now expects approximately $80 billion to $82 billion in 2026 sales and diluted EPS of $30.35 to $30.75, signaling continued confidence in defense demand and production growth. Lockheed lifts annual forecast as missile, jet production ramps up
• Positive Sentiment: Record backlog provides significant revenue visibility. Backlog reached approximately $292 billion, including $52.5 billion tied to the multiyear PAC-3 Missile Segment Enhancement award. All four business segments posted sales growth, led by a 24% increase in Missiles and Fire Control. Defense Giant Lockheed Martin Raises 2026 Outlook
• Positive Sentiment: New F-35 framework strengthens long-term demand. The Pentagon and Lockheed Martin agreed on a 10-year framework covering production of 850 F-35 aircraft. In exchange for greater order certainty, Lockheed plans to invest about $7 billion in projects supporting the program, including supply-chain and sustainment efforts. Lockheed and Pentagon strike initial deal to produce 850 F-35 jets
• Neutral Sentiment: Operating cash flow was $3.4 billion and free cash flow was $3.0 billion, supporting the company’s financial position, although investors will monitor execution as missile and aircraft production ramps up. Lockheed Martin Q3 Sales Rise 11% to $20.7 Billion

Analysts Set New Price Targets

LMT has been the subject of several recent analyst reports. UBS Group restated a “buy” rating and set a $653.00 target price on shares of Lockheed Martin in a research note on Friday, October 16th. Jefferies Financial Group reiterated a “hold” rating on shares of Lockheed Martin in a research note on Wednesday, September 2nd. TD Cowen reduced their price target on Lockheed Martin from $600.00 to $570.00 and set a “hold” rating for the company in a report on Friday, October 9th. Rothschild & Co Redburn began coverage on Lockheed Martin in a report on Tuesday, October 6th. They issued a “buy” rating and a $650.00 price target for the company. Finally, Robert W. Baird set a $700.00 price objective on Lockheed Martin in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and an average price target of $627.10.

About Lockheed Martin

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.