Lockheed Martin Corporation $LMT Stock: Schwartz Investment Counsel Inc. Trims Position

Schwartz Investment Counsel Inc. decreased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 3.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,500 shares of the aerospace company’s stock after selling 2,500 shares during the period. Schwartz Investment Counsel Inc.’s holdings in Lockheed Martin were worth $31,828,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LMT. State Street Corp grew its position 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 worth $16,799,530,000 after buying an additional 419,582 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Lockheed Martin during the second quarter valued at approximately $9,617,574,000. Corient Private Wealth LP purchased a new position in shares of Lockheed Martin during the second quarter valued at approximately $101,960,000. Bank of New York Mellon Corp bought a new position in shares of Lockheed Martin during the second quarter valued at approximately $645,258,000. Finally, Legal & General Group Plc bought a new position in shares of Lockheed Martin during the second quarter valued at approximately $497,469,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LMT. Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 9th. TD Cowen cut their price target 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. Wells Fargo & Company set a $600.00 price objective on shares of Lockheed Martin in a research report on Monday, July 27th. Royal Bank Of Canada upped their price objective on shares of Lockheed Martin from $550.00 to $600.00 and gave the stock a “sector perform” rating in a report on Friday. Finally, Barclays raised their target price on shares of Lockheed Martin from $554.00 to $560.00 and gave the stock an “equal weight” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $638.05.

Lockheed Martin Stock Down 1.9%

Lockheed Martin stock opened at $623.39 on Wednesday. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00. The stock’s 50 day simple moving average is $541.33 and its two-hundred day simple moving average is $567.38.

Lockheed Martin (NYSE:LMT) last announced 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 firm had revenue of $20.71 billion during the quarter, compared to the consensus estimate of $20.48 billion. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $6.95 EPS. Sell-side analysts forecast that Lockheed Martin Corporation will post 30.55 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 1st will be paid a dividend of $3.60 per share. 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 dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, December 1st.

Key Lockheed Martin News

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

• Positive Sentiment: Lockheed Martin received a $694 million U.S. Air Force contract to produce its Air-Launched Rapid Response Weapon hypersonic missile. The award strengthens the company’s position in high-priority missile and hypersonic defense programs. Lockheed Martin to Add Air-Launched Hypersonic Missile to the American Arsenal of Freedom
• Positive Sentiment: Morgan Stanley upgraded LMT to Overweight and raised its price target to $835 from $690, arguing that a 10-year F-35 production and sustainment framework reduces significant revenue risk. The framework targets at least 850 aircraft and supports production of roughly 156 jets annually. Lockheed Martin’s F-35 Deal Could Change How Wall Street Values the Stock
• Positive Sentiment: Recent operating momentum remains strong. Third-quarter revenue increased about 11% year over year to $20.7 billion, adjusted earnings exceeded estimates, and backlog reached a record $292 billion. The company also raised its quarterly dividend, reinforcing confidence in future cash flow. Lockheed Martin Q3 2026: Shattering 9-Month Expectations With a Record $292B Backlog
• Positive Sentiment: Zacks upgraded Lockheed Martin to a Rank #2, or “Buy,” citing improving earnings prospects. JPMorgan also raised its price target to $665, although it maintained a Neutral rating.
• Negative Sentiment: The F-35 framework is not yet a fully binding multiyear contract; it depends on congressional authorization and appropriations. That political uncertainty could limit near-term upside and is likely contributing to profit-taking after the recent advance. Morgan Stanley Just Turned Bullish on Lockheed Martin After a Big Pentagon Deal

About Lockheed Martin

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.