Gateway Wealth Partners LLC Buys 1,503 Shares of Lockheed Martin Corporation $LMT

Gateway Wealth Partners LLC boosted its stake in Lockheed Martin Corporation (NYSE:LMT) by 112.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,834 shares of the aerospace company’s stock after buying an additional 1,503 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Lockheed Martin were worth $1,712,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Diamant Asset Management Inc. boosted its holdings in Lockheed Martin by 60,339.0% during the 1st quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock worth $531,493,000 after acquiring an additional 877,932 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Lockheed Martin by 107.3% in the fourth quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock valued at $625,784,000 after purchasing an additional 669,604 shares during the last quarter. Morgan Stanley lifted its position in shares of Lockheed Martin by 10.1% during the fourth 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 in the last quarter. Corient Private Wealth LLC lifted its position in shares of Lockheed Martin by 203.3% during the fourth quarter. Corient Private Wealth LLC now owns 560,363 shares of the aerospace company’s stock valued at $271,031,000 after purchasing an additional 375,622 shares in the last quarter. Finally, J. Stern & Co. LLP lifted its position in shares of Lockheed Martin by 48,267.0% during the fourth quarter. J. Stern & Co. LLP now owns 340,987 shares of the aerospace company’s stock valued at $164,925,000 after purchasing an additional 340,282 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Trading Up 0.3%

NYSE LMT opened at $581.63 on Wednesday. The business’s fifty day moving average is $525.93 and its 200-day moving average is $574.65. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The stock has a market capitalization of $134.24 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 1.01 and a beta of 0.11. Lockheed Martin Corporation has a one year low of $412.55 and a one year high of $692.00.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share 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 during the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the prior year, the business earned $1.46 earnings per share. The firm’s revenue for the quarter 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 predict that Lockheed Martin Corporation will post 30.23 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be given a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is currently 50.87%.

Wall Street Analyst Weigh In

LMT has been the topic of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Weiss Ratings lowered shares of Lockheed Martin from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 17th. Bank of America dropped their target price on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a research note on Sunday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a report 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $626.33.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: Lockheed Martin’s second-quarter performance remains a key catalyst: revenue increased 11% to approximately $20.1 billion, free cash flow recovered to $2.9 billion, backlog reached a record $230 billion and management raised its full-year outlook. The Missiles and Fire Control segment was particularly strong, with revenue up 19% and profit up 24%. Lockheed Martin: Missiles Make Valuation Attractive Again
• Positive Sentiment: Analysts see missile-production expansion for PAC-3 MSE, THAAD and PrSM as major growth drivers. L3Harris announced frameworks with the Department of War and Lockheed Martin to support a substantial increase in PAC-3 production and quadruple THAAD propulsion capacity, potentially improving future order visibility. L3Harris Signs Transformational Agreement to Drastically Increase Production for PAC-3 MSE
• Positive Sentiment: Heightened defense budgets, geopolitical tensions and NATO members’ efforts to increase military spending are strengthening the demand outlook for Lockheed Martin’s aircraft, missile and defense systems. The company is also reportedly building weapons ahead of Pentagon orders, positioning it to respond more quickly to replenishment needs. Lockheed Martin: Flying High On Heightened Defense Spending
• Positive Sentiment: At the Farnborough Airshow, Lockheed unveiled MORFIUS X-Rotor, a reusable airborne counter-drone system that uses high-power microwaves to disable groups of small unmanned aircraft. The technology addresses growing military demand for lower-cost defenses against drone swarms. Tech Weekly: Tesla under strain, Lockheed innovates drone fighter
• Neutral Sentiment: Zacks highlighted strong investor attention and favorable value-oriented characteristics, while other analysis upgraded LMT to Buy. However, the stock’s valuation and the need for significant capital investment to expand production remain considerations for investors.
• Neutral Sentiment: Western defense companies are seeking production lessons and partnerships with Ukrainian firms, potentially benefiting Lockheed Martin’s manufacturing agility, although the financial impact is not yet quantified. Western defense companies are looking to Ukrainian firms for lessons on how to build in wartime conditions

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.