River Road Asset Management LLC Invests $68.10 Million in Lockheed Martin Corporation $LMT

River Road Asset Management LLC purchased a new position in Lockheed Martin Corporation (NYSE:LMT) in the fourth quarter, Holdings Channel reports. The fund purchased 140,791 shares of the aerospace company’s stock, valued at approximately $68,096,000.

Several other institutional investors have also made changes to their positions in the stock. Cerro Pacific Wealth Advisors LLC increased its stake in Lockheed Martin by 1.2% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock valued at $665,000 after buying an additional 16 shares during the period. Garner Asset Management Corp lifted its position in Lockheed Martin by 0.9% in the 4th quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock worth $839,000 after buying an additional 16 shares in the last quarter. Davis R M Inc. boosted its stake in shares of Lockheed Martin by 1.3% during the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock valued at $612,000 after buying an additional 16 shares during the period. Broadway Wealth Solutions Inc. boosted its stake in shares of Lockheed Martin by 3.6% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock valued at $234,000 after buying an additional 17 shares during the period. Finally, Aspire Growth Partners LLC grew its holdings in shares of Lockheed Martin by 0.7% during the 4th quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock valued at $1,217,000 after acquiring an additional 17 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin News Roundup

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

• Positive Sentiment: Lockheed Martin announced a new partnership with GM Defense to help expand U.S. defense manufacturing capacity, improve supply-chain resilience, and speed production of critical systems. Lockheed Martin (LMT) Teams Up With GM Defense To Rework U.S. Defense Manufacturing
• Positive Sentiment: Recent commentary highlighted additional contract wins and a large backlog, suggesting demand remains strong and that the stock’s weakness may be overdone relative to fundamentals. Flying Under the Radar: Lockheed Martin’s $2.8B Stealth Setup
• Neutral Sentiment: Lockheed Martin marked 75 years at its Marietta manufacturing site, emphasizing long-term production capabilities and future support for U.S. and allied defense needs. Lockheed Martin, Government Officials Tout Site’s 75 Years of Manufacturing Excellence and a Strong Future
• Neutral Sentiment: Analysts and valuation-focused coverage noted the stock may look undervalued after the decline, but that view does not appear to be tied to a new operational catalyst. Is Lockheed Martin Corp (LMT) a Bargain After 4.0% Drop? GF Value Says Undervalued
• Negative Sentiment: Investors are still reacting to Lockheed Martin’s weak first-quarter execution, including an earnings miss, negative free cash flow, and profit pressure in key programs, which helped drive the stock lower. Lockheed Martin Falls 3.9% as Investors Weigh Sector Weakness and Prior Execution Issues
• Negative Sentiment: Broader defense-stock weakness and headlines suggesting peace/de-escalation may reduce urgency for some defense spending are also weighing on sentiment. Why Lockheed Martin Stock Dropped Today

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of research reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $595.00 price target on shares of Lockheed Martin in a research note on Sunday, April 26th. JPMorgan Chase & Co. reduced their price objective on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Citigroup lowered their target price on Lockheed Martin from $675.00 to $571.00 and set a “neutral” rating on the stock in a research note on Monday, May 18th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. Finally, Argus raised their price target on Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $620.68.

Lockheed Martin Stock Performance

LMT stock opened at $512.00 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The company has a market capitalization of $118.05 billion, a price-to-earnings ratio of 24.79, a P/E/G ratio of 0.96 and a beta of 0.10. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $692.00. The firm has a 50 day moving average of $540.09 and a two-hundred day moving average of $565.22.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing the consensus estimate of $6.79 by ($0.35). The business 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%.The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the company earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, equities analysts anticipate that Lockheed Martin Corporation will post 29.88 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders 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 yield of 2.7%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin’s dividend payout ratio is presently 66.83%.

Lockheed Martin Company Profile

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.