Lockheed Martin Corporation $LMT Stock: WealthPlan Investment Management LLC Trims Stake

WealthPlan Investment Management LLC cut its holdings in Lockheed Martin Corporation (NYSE:LMT) by 21.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,584 shares of the aerospace company’s stock after selling 1,754 shares during the period. WealthPlan Investment Management LLC’s holdings in Lockheed Martin were worth $3,353,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. IAG Wealth Partners LLC grew its holdings in shares of Lockheed Martin by 4,800.0% during the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 48 shares during the last quarter. Burnham & Co LLC bought a new stake in Lockheed Martin in the second quarter valued at $25,000. Basso Capital Management L.P. acquired a new position in shares of Lockheed Martin during the fourth quarter valued at $25,000. Field & Main Bank acquired a new position in shares of Lockheed Martin during the second quarter valued at $26,000. Finally, TD Capital Management LLC boosted its holdings in shares of Lockheed Martin by 450.0% during the fourth quarter. TD Capital Management LLC now owns 55 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 45 shares during the period. Institutional investors own 74.19% of the company’s stock.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed Martin announced a $300 million investment to expand its Grand Prairie, Texas, munitions facility to more than 735,000 square feet. The project is expected to create approximately 6,000 U.S. jobs, including 2,000 in Texas, and increase production capacity for critical missile systems. Lockheed Martin Supercharges US Missile Production With $300 Million Texas Investment
• Positive Sentiment: The company aims to eventually raise annual PAC-3 MSE missile production from roughly 600 units to at least 2,000. Management’s view that defense demand is “permanent,” combined with replenishment needs and multiyear missile-defense awards, improves long-term backlog visibility. LMT Stock Tracks Best Week Since Mid-August
• Positive Sentiment: A new seven-year agreement with Hadrian will bring automated manufacturing technology into Lockheed Martin’s Texas Missiles and Fire Control facility, potentially helping the company scale production and strengthen its supply chain. Hadrian Expands Partnership with Lockheed Martin
• Positive Sentiment: Lockheed Martin and Avio also agreed to expand U.S. solid rocket motor production for systems including Extended Range GMLRS and Precision Strike Missile, supporting future manufacturing capacity. Lockheed Martin and Avio Announce Strategic Cooperation Agreement
• Neutral Sentiment: Investors are positioning ahead of the October 22 quarterly report. Recent dividend growth and defense-contract momentum raise expectations, but the earnings release will show whether production expansion is translating into revenue, margins and cash flow.
• Negative Sentiment: RBC lowered its LMT price target from $600 to $550 and assigned a “sector perform” rating. The revised target implies only modest upside from current levels, signaling that the analyst sees the stock’s defense-demand prospects as largely reflected in its valuation. RBC Lowers Lockheed Martin Price Target
• Negative Sentiment: Investors remain mindful of Lockheed Martin’s earlier fixed-price program losses and execution risks, which could keep attention focused on cost control and profitability despite strong demand.

Analysts Set New Price Targets

LMT has been the topic of a number of analyst reports. Barclays started coverage on shares of Lockheed Martin in a report on Friday, October 9th. They issued an “equal weight” rating and a $554.00 price objective on the stock. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 9th. TD Cowen reduced their target price on shares of Lockheed Martin from $600.00 to $570.00 and set a “hold” rating for the company in a research note on Friday, October 9th. Citigroup upped their target price on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Finally, UBS Group upgraded shares of Lockheed Martin from a “neutral” rating to a “buy” rating and upped their target price for the stock from $581.00 to $674.00 in a research report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $628.10.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded up $8.42 on Thursday, hitting $530.65. The company’s stock had a trading volume of 677,204 shares, compared to its average volume of 1,437,049. Lockheed Martin Corporation has a 12 month low of $437.25 and a 12 month high of $692.00. The company has a market capitalization of $122.47 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 1.09 and a beta of 0.09. The stock’s 50-day moving average is $543.57 and its two-hundred day moving average is $544.37. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%. The firm had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. During the same quarter in the previous year, the company earned $1.46 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities research analysts forecast that Lockheed Martin Corporation will post 30.44 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be issued a dividend of $3.60 per share. The ex-dividend date is Tuesday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.45. This represents a $14.40 dividend on an annualized basis and a yield of 2.7%. Lockheed Martin’s payout ratio is 53.08%.

Lockheed Martin Profile

Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.

Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.