Lockheed Martin Corporation $LMT Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC lowered its position in Lockheed Martin Corporation (NYSE:LMT) by 17.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,864 shares of the aerospace company’s stock after selling 4,559 shares during the quarter. DAVENPORT & Co LLC’s holdings in Lockheed Martin were worth $10,093,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. Carnegie Investment Counsel increased its holdings in Lockheed Martin by 11.4% in the third quarter. Carnegie Investment Counsel now owns 29,639 shares of the aerospace company’s stock valued at $14,796,000 after buying an additional 3,031 shares during the last quarter. VCI Wealth Management LLC purchased a new stake in Lockheed Martin during the third quarter worth approximately $3,075,000. Farther Finance Advisors LLC boosted its holdings in Lockheed Martin by 29.2% in the third quarter. Farther Finance Advisors LLC now owns 10,036 shares of the aerospace company’s stock valued at $5,010,000 after purchasing an additional 2,270 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Lockheed Martin by 9.3% in the third quarter. Oppenheimer & Co. Inc. now owns 39,410 shares of the aerospace company’s stock valued at $19,674,000 after purchasing an additional 3,352 shares in the last quarter. Finally, Jain Global LLC purchased a new position in Lockheed Martin in the third quarter valued at approximately $38,064,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Key Lockheed Martin News

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

• Positive Sentiment: The Pentagon said it reached framework agreements with major defense suppliers, including Lockheed, to boost production of systems and munitions as it shifts to “wartime footing” — a direct demand catalyst for LMT’s prime systems and missiles. Pentagon says it will ramp up war supplies with defense companies
• Positive Sentiment: Lockheed announced a new framework to sharply accelerate production of Precision Strike Missiles (PrSM), stating it will quadruple PrSM output — a major revenue and backlog upside if delivered on schedule. Lockheed Martin Answers the Nation’s Call and Quadruples Precision Strike Missile Production
• Positive Sentiment: Lockheed partnered with Firefly to test rapid-launch capabilities in a U.S. Space Force exercise, highlighting growth in responsive-launch and space services that can expand Lockheed’s addressable market. Lockheed Martin, Firefly test rapid-launch capabilities in U.S. Space Force exercise
• Positive Sentiment: Terran Orbital — described as a Lockheed Martin company — unveiled a new star tracker product line at SATSHOW 2026, reinforcing Lockheed’s vertical integration in space components and potential margins uplift from in‑house supplier capabilities. Terran Orbital Introduces New Star Tracker Product Line at SATSHOW 2026
• Positive Sentiment: Susquehanna raised its price target on LMT to $740 and kept a Positive rating, signaling analyst confidence in Lockheed’s near‑term cashflow and order book assumptions. Susquehanna Lifts Price Target on Lockheed Martin Corporation (LMT) to $740, Keeps Positive Rating
• Neutral Sentiment: Sector pieces continue to single out defense primes (including Lockheed) as beneficiaries of sustained spending and large backlogs — positive context but not a company‑specific catalyst. 3 Defense Stocks to Watch as War Drags On, Spending Set to Surge
• Negative Sentiment: Reports claiming the U.S. has limited rare‑earth stockpiles raise supply‑chain and cost risks for missile and electronics production—a potential headwind if shortages or price spikes materialize. Chinese Publication Claims U.S. Has Two Months of Rare Earths Left
• Negative Sentiment: Reports about politicians’ stock purchases in defense names add reputational and regulatory scrutiny risk, which can pressure sentiment despite strong fundamentals. 2 war stocks U.S. politicians suspiciously bought just before Iran strikes

Lockheed Martin Trading Up 2.3%

LMT opened at $624.11 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The business’s 50 day moving average is $631.77 and its two-hundred day moving average is $535.04. The firm has a market cap of $143.59 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 1.10 and a beta of 0.22.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing the consensus estimate of $6.33 by ($0.53). The firm had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.84 billion. Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. Lockheed Martin’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $7.67 earnings per share. On average, research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 2nd will be given a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, March 2nd. Lockheed Martin’s dividend payout ratio (DPR) is presently 64.22%.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of research analyst reports. Argus raised their price objective on shares of Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a report on Friday, March 6th. UBS Group increased their target price on shares of Lockheed Martin from $580.00 to $663.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Finally, Truist Financial upped their price objective on shares of Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Seven analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $623.16.

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.