Lockheed Martin Corporation $LMT Stock: WASHINGTON TRUST Co Raises Stake

WASHINGTON TRUST Co increased its stake in Lockheed Martin Corporation (NYSE:LMT) by 4.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,738 shares of the aerospace company’s stock after acquiring an additional 1,126 shares during the quarter. WASHINGTON TRUST Co’s holdings in Lockheed Martin were worth $14,635,000 at the end of the most recent reporting period.

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

Lockheed Martin News Summary

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

• Positive Sentiment: Q3 beat and raised outlook: Lockheed reported adjusted EPS of $7.97 versus the $7.52 consensus, while revenue rose 11.3% year over year to $20.71 billion. Management now expects 2026 sales of $80 billion-$82 billion and EPS of $30.35-$30.75. Lockheed Martin Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Record backlog supports future revenue: Total backlog reached approximately $292 billion, up sharply from the prior quarter, with much of the increase coming from PAC-3 and THAAD missile-defense orders. Missiles and Fire Control sales grew 24% as production accelerated, strengthening visibility into long-term growth. Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test
• Positive Sentiment: Long-term F-35 commitment: The Pentagon and Lockheed announced an initial framework for producing 850 F-35 aircraft over 10 years. The agreement provides greater production visibility and could improve supply-chain efficiency, although Lockheed will invest about $7 billion in supporting projects. Pentagon, Lockheed announce agreement for 850 F-35 jets
• Positive Sentiment: Cash flow and shareholder returns: Lockheed raised its 2026 free-cash-flow outlook to roughly $7.8 billion-$8.0 billion and recently increased its quarterly dividend 4.4% to $3.60 per share. Lockheed Martin, Interactive Brokers, AEP Hike Dividends on Strong Growth
• Neutral Sentiment: Industry forecasts point to strong growth in defense electronics and land-based C4ISR, potentially expanding Lockheed Martin’s addressable market, but these reports are third-party projections rather than new company contracts.
• Negative Sentiment: Execution and funding risks remain: The backlog must be converted into deliveries and cash. F-35 deliveries fell year over year, and Lockheed said spending on the Lot 20 advance contract has exceeded currently authorized funding. Higher contract assets and supply-chain constraints could also delay cash collection or pressure margins. Lockheed is spending its own money before Washington signs off

Lockheed Martin Stock Up 2.5%

Shares of Lockheed Martin stock traded up $14.96 during trading on Friday, reaching $604.87. 1,815,661 shares of the company traded hands, compared to its average volume of 1,258,523. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.26 and a quick ratio of 1.01. Lockheed Martin Corporation has a 1-year low of $437.25 and a 1-year high of $692.00. The company has a 50 day moving average price of $538.52 and a 200-day moving average price of $542.30. The firm has a market capitalization of $139.60 billion, a PE ratio of 21.49, a P/E/G ratio of 1.27 and a beta of 0.09.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.52 by $0.45. The business had revenue of $20.71 billion for the quarter, compared to analyst estimates of $20.48 billion. Lockheed Martin had a net margin of 8.23% and a return on equity of 83.41%. Lockheed Martin’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $6.95 earnings per share. As a group, equities research analysts expect that Lockheed Martin Corporation will post 30.49 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be given a dividend of $3.60 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.45. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.4%. Lockheed Martin’s payout ratio is currently 51.15%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. TD Cowen dropped their target price on shares of Lockheed Martin from $600.00 to $570.00 and set a “hold” rating on the stock in a report on Friday, October 9th. Sanford C. Bernstein decreased their price target on Lockheed Martin from $629.00 to $564.00 and set a “market perform” rating for the company in a report on Wednesday, October 14th. Morgan Stanley lifted their price objective on Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Barclays boosted their price objective on Lockheed Martin from $554.00 to $560.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Citigroup upped their target price on Lockheed Martin from $691.00 to $706.00 and gave the company a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $632.33.

Lockheed Martin Profile

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.