Wedge Capital Management L L P NC Boosts Stock Position in Lockheed Martin Corporation $LMT

Wedge Capital Management L L P NC grew its position in Lockheed Martin Corporation (NYSE:LMT) by 54.8% during the second quarter, Holdings Channel reports. The firm owned 148,418 shares of the aerospace company’s stock after acquiring an additional 52,559 shares during the period. Lockheed Martin makes up approximately 1.3% of Wedge Capital Management L L P NC’s portfolio, making the stock its 16th largest position. Wedge Capital Management L L P NC’s holdings in Lockheed Martin were worth $75,613,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of LMT. Butensky & Cohen Financial Security Inc. increased its holdings in Lockheed Martin by 2.3% in the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 10,740 shares of the aerospace company’s stock worth $5,472,000 after buying an additional 244 shares during the period. Tema ETFs LLC lifted its stake in Lockheed Martin by 12.3% during the 2nd quarter. Tema ETFs LLC now owns 3,678 shares of the aerospace company’s stock valued at $1,874,000 after acquiring an additional 402 shares during the period. G&S Capital LLC purchased a new stake in shares of Lockheed Martin in the 2nd quarter valued at $236,000. Kentucky Trust Co purchased a new stake in shares of Lockheed Martin in the 2nd quarter valued at $47,000. Finally, Spinnaker Investment Group LLC increased its stake in shares of Lockheed Martin by 7.9% in the second quarter. Spinnaker Investment Group LLC now owns 561 shares of the aerospace company’s stock worth $286,000 after acquiring an additional 41 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Bank of America reduced their target price on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Royal Bank Of Canada upped their price target on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a research report on Sunday, July 26th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Finally, Morgan Stanley boosted their price objective on Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average price target of $626.33.

Key Lockheed Martin News

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

• Positive Sentiment: The Pentagon awarded Lockheed Martin a seven-year, up to $53.86 billion undefinitized contract action for PAC-3 Missile Segment Enhancement interceptors. Including a prior $4.7 billion award, the multiyear opportunity could total approximately $58.62 billion, providing substantial backlog visibility and reinforcing demand for the company’s missile-defense portfolio. Pentagon PAC-3 contract article
• Positive Sentiment: Lockheed Martin reported a successful static-fire test of the Stage 2 motor for its Next Generation Interceptor program. The milestone supports progress in a strategically important missile-defense program and could strengthen the company’s position in future government awards. Next Generation Interceptor test article
• Positive Sentiment: The company introduced Strigo, a modular family of sensors, missile datalinks, and seeker technologies designed for multiple defense missions. The common architecture may improve product flexibility and support future sales across air-defense and missile-defense applications. Strigo product announcement
• Neutral Sentiment: Television host Jim Cramer called Lockheed Martin “sensational,” citing its defense-market position and dividend. The endorsement may support investor sentiment, but it does not change the company’s earnings outlook or fundamentals. Jim Cramer endorsement article
• Negative Sentiment: The large PAC-3 award is currently undefinitized, meaning final terms and pricing remain subject to negotiation. Investors may also be focused on the lengthy seven-year delivery period, execution challenges, and whether the contract’s benefits are already reflected in LMT’s valuation. No new negative operating update was reported in the supplied articles.

Lockheed Martin Stock Performance

LMT opened at $597.35 on Wednesday. The firm has a fifty day moving average price of $537.38 and a 200 day moving average price of $576.08. Lockheed Martin Corporation has a 1 year low of $425.00 and a 1 year high of $692.00. The stock has a market cap of $137.86 billion, a P/E ratio of 22.02, a P/E/G ratio of 1.04 and a beta of 0.10. 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 (NYSE:LMT) last released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter last year, the business earned $1.46 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities research analysts anticipate that Lockheed Martin Corporation will post 30.36 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is presently 50.87%.

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.