Alley Investment Management Company LLC Has $16.55 Million Stock Position in Lockheed Martin Corporation $LMT

Alley Investment Management Company LLC lowered its stake in Lockheed Martin Corporation (NYSE:LMT) by 20.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,378 shares of the aerospace company’s stock after selling 7,188 shares during the quarter. Lockheed Martin makes up 2.0% of Alley Investment Management Company LLC’s investment portfolio, making the stock its 17th largest holding. Alley Investment Management Company LLC’s holdings in Lockheed Martin were worth $16,547,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rexford Capital Inc. lifted its stake in Lockheed Martin by 5.1% during the first quarter. Rexford Capital Inc. now owns 1,345 shares of the aerospace company’s stock valued at $813,000 after buying an additional 65 shares in the last quarter. Severin Investments LLC purchased a new position in shares of Lockheed Martin in the first quarter worth approximately $603,000. iA Global Asset Management Inc. acquired a new stake in shares of Lockheed Martin during the first quarter valued at approximately $779,000. Wendell David Associates Inc. lifted its position in shares of Lockheed Martin by 1.5% in the 1st quarter. Wendell David Associates Inc. now owns 7,147 shares of the aerospace company’s stock valued at $4,320,000 after acquiring an additional 106 shares in the last quarter. Finally, Exeter Financial LLC lifted its position in shares of Lockheed Martin by 3.7% in the 1st quarter. Exeter Financial LLC now owns 4,851 shares of the aerospace company’s stock valued at $2,932,000 after acquiring an additional 174 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. BNP Paribas Exane lowered their price objective on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Jefferies Financial Group set a $575.00 target price on Lockheed Martin in a research report on Thursday, June 25th. Argus lifted their price target on Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a report on Friday, March 6th. Deutsche Bank Aktiengesellschaft dropped their price target on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Finally, Wells Fargo & Company assumed coverage on Lockheed Martin in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and an average price target of $619.63.

Key Lockheed Martin News

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

• Positive Sentiment: Lockheed Martin and a Finnish partner have set up a missile sustainment center in Finland, which could strengthen long-term international support revenue and deepen the company’s presence in Europe. Article link
• Positive Sentiment: Lockheed Martin’s successful Group 3 drone interception test using its JAGM missile and GRIZZLY containerized launcher highlights continued progress in counter-drone capabilities, a key growth area for modern defense spending. Article link
• Positive Sentiment: Recent commentary on “3 Resilient Defense Stocks to Buy Now” reinforces the investment case for defense primes like LMT, especially with a much larger FY2027 defense budget request and stronger NATO spending commitments supporting multi-year demand. Article link
• Neutral Sentiment: Lockheed Martin was removed from several Russell value indexes and added to the Russell 1000 Dynamic Index after recent defense contract wins. The move is more of a classification change than a direct fundamental shift, but it reflects improved market perception of the company. Article link
• Neutral Sentiment: An article arguing that LMT may be a good stock to buy now adds to the bullish narrative, but it does not provide a new operational catalyst by itself. Article link

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $508.87 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $692.00. The business has a fifty day simple moving average of $522.43 and a 200 day simple moving average of $568.01. The firm has a market cap of $117.32 billion, a price-to-earnings ratio of 24.64, a P/E/G ratio of 0.91 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $18.38 billion. During the same quarter last year, the firm earned $7.28 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 1st were given a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, June 1st. Lockheed Martin’s payout ratio is currently 66.83%.

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.