Lockheed Martin Corporation $LMT Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its position in Lockheed Martin Corporation (NYSE:LMT) by 4.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 522,616 shares of the aerospace company’s stock after purchasing an additional 22,043 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Lockheed Martin were worth $315,864,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of LMT. HORAN Wealth LLC boosted its position in Lockheed Martin by 100.0% in the first quarter. HORAN Wealth LLC now owns 5,216 shares of the aerospace company’s stock valued at $3,152,000 after buying an additional 2,608 shares during the last quarter. Summit Asset Management LLC raised its position in Lockheed Martin by 9.7% during the 1st quarter. Summit Asset Management LLC now owns 499 shares of the aerospace company’s stock worth $302,000 after buying an additional 44 shares during the last quarter. Glenview Trust Co raised its position in Lockheed Martin by 1.5% during the 1st quarter. Glenview Trust Co now owns 58,931 shares of the aerospace company’s stock worth $35,617,000 after buying an additional 860 shares during the last quarter. Cura Wealth Advisors LLC acquired a new stake in Lockheed Martin during the 1st quarter valued at approximately $248,000. Finally, MWA Asset Management acquired a new stake in Lockheed Martin during the 1st quarter valued at approximately $94,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of research reports. Morgan Stanley cut their price objective on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Royal Bank Of Canada decreased their target price on shares of Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating for the company in a research report on Friday, April 24th. Wall Street Zen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. TD Cowen cut their price target on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Finally, Bank of America reduced their price objective on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and a consensus price target of $615.78.

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $506.23 on Wednesday. The company has a market capitalization of $116.72 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 0.91 and a beta of 0.11. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. The company’s fifty day moving average price is $521.59 and its 200 day moving average price is $572.42. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $692.00.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The firm had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. During the same quarter last year, the company posted $7.28 EPS. The company’s revenue was up .3% on a year-over-year basis. 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 29.94 earnings per share for the current year.

Lockheed Martin Announces Dividend

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

Lockheed Martin News Summary

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

• Positive Sentiment: Lockheed Martin secured a $10.5 billion, 12-year U.S. Special Operations Command logistics and sustainment contract for its GLSS2 program, reinforcing its long-term backlog and supporting the investment case for the shares. Is Lockheed Martin (LMT) Undervalued On Its $10.5b GLSS2 Contract Win?
• Positive Sentiment: The company also unveiled PAC-3 ACE, a lower-cost Patriot interceptor priced at less than half of the current PAC-3 MSE, which could help Lockheed stay competitive as demand for air defenses rises globally. Lockheed to make cheaper Patriot interceptors as air defense demand soars
• Positive Sentiment: Lockheed Martin also announced new defense-tech collaborations, including work with Venus Aerospace on next-generation propulsion, which highlights continued investment in future weapons and space capabilities. Lockheed Martin and Venus Aerospace Collaborate to Advance Next-Generation Propulsion for Long-Range Precision Fires

Lockheed Martin 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.