Wealthcare Advisory Partners LLC Sells 1,250 Shares of Lockheed Martin Corporation $LMT

Wealthcare Advisory Partners LLC trimmed its position in Lockheed Martin Corporation (NYSE:LMT) by 10.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 11,043 shares of the aerospace company’s stock after selling 1,250 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Lockheed Martin were worth $5,626,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LMT. Charles Schwab Investment Management Inc. boosted its position in Lockheed Martin by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock valued at $4,178,399,000 after buying an additional 114,900 shares during the period. Morgan Stanley increased its position in shares of Lockheed Martin by 10.1% in the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after acquiring an additional 527,523 shares during the period. Franklin Resources Inc. raised its stake in shares of Lockheed Martin by 0.6% during the fourth quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock valued at $807,866,000 after acquiring an additional 10,349 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Lockheed Martin by 7.4% during the fourth quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company’s stock valued at $696,891,000 after acquiring an additional 99,403 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Lockheed Martin by 107.3% during the fourth quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock worth $625,784,000 after purchasing an additional 669,604 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Down 1.0%

NYSE:LMT opened at $597.35 on Wednesday. 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 firm’s 50-day moving average price is $537.38 and its 200-day moving average price is $576.08. The company has a market capitalization of $137.86 billion, a PE ratio of 22.02, a P/E/G ratio of 1.04 and a beta of 0.10. Lockheed Martin Corporation has a 1-year low of $425.00 and a 1-year high of $692.00.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping the consensus estimate of $7.22 by $0.72. The business had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. Lockheed Martin’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities analysts predict that Lockheed Martin Corporation will post 30.36 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group reissued a “neutral” rating and issued a $581.00 target price on shares of Lockheed Martin in a research note on Friday, July 24th. Weiss Ratings upgraded Lockheed Martin from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. 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. Bank of America reduced their target price on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Finally, TD Cowen decreased their target price on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $626.33.

Key Headlines Impacting Lockheed Martin

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.

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.