MidFirst Bank Buys Shares of 1,109 Lockheed Martin Corporation $LMT

MidFirst Bank acquired a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,109 shares of the aerospace company’s stock, valued at approximately $536,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Lockheed Martin by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock worth $4,178,399,000 after acquiring an additional 114,900 shares during the period. Morgan Stanley increased its position in shares of Lockheed Martin by 10.1% during the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after purchasing an additional 527,523 shares during the period. Wellington Management Group LLP raised its position in Lockheed Martin by 3.4% in the third quarter. Wellington Management Group LLP now owns 2,384,753 shares of the aerospace company’s stock worth $1,190,493,000 after acquiring an additional 79,491 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Lockheed Martin by 4.2% in the 3rd quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock worth $1,096,294,000 after purchasing an additional 87,663 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Lockheed Martin by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock valued at $807,866,000 after buying an additional 10,349 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $512.00 on Friday. The firm has a market cap of $118.05 billion, a price-to-earnings ratio of 24.79, a P/E/G ratio of 0.93 and a beta of 0.10. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $692.00. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The business has a fifty day simple moving average of $537.77 and a 200 day simple moving average of $564.85.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $18.38 billion. During the same quarter last year, the firm earned $7.28 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LMT. Argus boosted their price objective on Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a report on Friday, March 6th. TD Cowen decreased their target price on Lockheed Martin from $670.00 to $600.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Royal Bank Of Canada lowered their price target on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a report on Friday, April 24th. Wall Street Zen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Weiss Ratings downgraded Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lockheed Martin presently has an average rating of “Hold” and an average price target of $620.68.

Key Lockheed Martin News

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

• Positive Sentiment: Some recent commentary suggests LMT may be benefiting from renewed attention on defense demand, with defense-stock bulls pointing to stronger munitions needs and ongoing U.S. military replenishment priorities. Article Title
• Positive Sentiment: Valuation-focused coverage argues Lockheed Martin may be undervalued after its recent decline, which could attract bargain hunters if investors believe the stock has overshot the fundamentals. Article Title
• Neutral Sentiment: Analyst targets remain above the current trading range, with recent price targets clustering well above where the stock is now, suggesting Wall Street still sees upside if execution stabilizes. Article Title
• Negative Sentiment: Investors remain focused on Lockheed Martin’s first-quarter miss, including lower-than-expected EPS and revenue, along with negative free cash flow, which has weighed on sentiment. Article Title
• Negative Sentiment: Coverage also highlights execution issues on major programs such as F-16, C-130, CH-53K, and Seahawk, adding to concerns that profit pressures could persist even if full-year guidance is unchanged. Article Title

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.