DAVENPORT & Co LLC Raises Stock Holdings in Lockheed Martin Corporation $LMT

DAVENPORT & Co LLC grew its position in Lockheed Martin Corporation (NYSE:LMT) by 22.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,423 shares of the aerospace company’s stock after acquiring an additional 4,652 shares during the quarter. DAVENPORT & Co LLC’s holdings in Lockheed Martin were worth $12,688,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Tableaux LLC boosted its stake in Lockheed Martin by 34,231.4% during the 2nd quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock worth $288,589,000 after purchasing an additional 621,300 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Lockheed Martin by 169.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company’s stock valued at $265,030,000 after purchasing an additional 359,748 shares during the period. AQR Capital Management LLC raised its holdings in shares of Lockheed Martin by 76.7% in the first quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company’s stock valued at $361,045,000 after buying an additional 350,796 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Lockheed Martin by 59.3% during the first quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company’s stock worth $333,859,000 after buying an additional 278,121 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Lockheed Martin by 1.0% during the second quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock worth $10,048,993,000 after buying an additional 214,565 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin News Summary

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

• Positive Sentiment: Large contract upsizes — The Pentagon increased a previously awarded C‑130J program from about $15B to $25B (a ~$10B increase) and other award expansions were reported, providing multi‑year revenue visibility and supporting backlog. Lockheed Martin aircraft-related contract upped by $10 billion, Pentagon says
• Neutral Sentiment: Options market and positioning — Recent options activity shows investor interest and hedging around LMT, which can amplify moves but doesn’t change fundamentals. Monitor implied vol and open interest for short‑term directional cues. What the Options Market Tells Us About Lockheed Martin
• Neutral Sentiment: Industry comparison and innovation debate — Coverage comparing Lockheed to more “attritable” defense tech names (Kratos, AeroVironment) frames LMT as a legacy prime that benefits from steady Pentagon demand but may not capture the same growth multiple as nimble drone/hypersonic players. Useful context for relative valuation decisions. KTOS vs. LMT: Which Defense Stock Is Better at Innovation?
• Negative Sentiment: Watchdog report on F‑35 availability — A government watchdog found F‑35s were available to fly only about half the time in 2024 due in part to maintenance shortcomings tied to Lockheed, raising program risk, potential follow‑on costs, and reputational pressure. Pentagon watchdog criticizes Lockheed for F-35 maintenance failures, Bloomberg News reports
• Negative Sentiment: Analyst downgrade and cash‑flow concerns — JPMorgan recently downgraded LMT, citing cash‑flow worries; separately, previews suggest analysts expect a double‑digit decline in Q4 EPS, which could pressure near‑term multiples if confirmed at the next report. JP Morgan downgrades Lockheed Martin Corporation (LMT) citing cash flow concerns Here’s What to Expect From Lockheed Martin’s Next Earnings Report
• Negative Sentiment: Political and program scrutiny — Commentary that former political pressure and calls for oversight could add to the set of issues facing Lockheed, increasing headline risk around procurement priorities and contract terms. Lockheed Martin: Add Trump Pressure To The Pile Of Issues

Wall Street Analysts Forecast Growth

LMT has been the subject of several analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $515.00 price objective (up from $465.00) on shares of Lockheed Martin in a research note on Friday, December 19th. Sanford C. Bernstein boosted their target price on Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a report on Monday, October 20th. Morgan Stanley restated an “equal weight” rating and set a $543.00 price target (down previously from $630.00) on shares of Lockheed Martin in a research note on Tuesday, December 16th. BNP Paribas Exane began coverage on shares of Lockheed Martin in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $550.00 price objective on the stock. Finally, Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $506.67.

Lockheed Martin Stock Up 0.6%

LMT opened at $485.41 on Thursday. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $516.00. The stock has a market capitalization of $112.32 billion, a P/E ratio of 27.10, a P/E/G ratio of 1.45 and a beta of 0.24. The business has a 50 day simple moving average of $471.45 and a 200-day simple moving average of $465.65.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The firm had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same quarter in the prior year, the company posted $6.84 earnings per share. Lockheed Martin’s quarterly revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a $3.45 dividend. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is 77.05%.

Insider Activity at Lockheed Martin

In related news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the sale, the chief operating officer owned 1 shares of the company’s stock, valued at approximately $491.04. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by company insiders.

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.