Lockheed Martin Corporation $LMT Shares Sold by Berger Financial Group Inc

Berger Financial Group Inc decreased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 71.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,505 shares of the aerospace company’s stock after selling 11,364 shares during the quarter. Berger Financial Group Inc’s holdings in Lockheed Martin were worth $2,723,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. increased its position in shares of Lockheed Martin by 3.4% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 1,813 shares of the aerospace company’s stock valued at $1,096,000 after purchasing an additional 60 shares during the period. GM Advisory Group LLC raised its stake in shares of Lockheed Martin by 7.4% in the 1st quarter. GM Advisory Group LLC now owns 741 shares of the aerospace company’s stock worth $448,000 after buying an additional 51 shares in the last quarter. Astoria Portfolio Advisors LLC. lifted its holdings in shares of Lockheed Martin by 35.4% in the first quarter. Astoria Portfolio Advisors LLC. now owns 754 shares of the aerospace company’s stock valued at $456,000 after buying an additional 197 shares during the period. St. Johns Investment Management Company LLC lifted its holdings in shares of Lockheed Martin by 3.0% in the first quarter. St. Johns Investment Management Company LLC now owns 1,954 shares of the aerospace company’s stock valued at $1,181,000 after buying an additional 56 shares during the period. Finally, Eliot Finkel Investment Counsel LLC boosted its stake in Lockheed Martin by 3.6% during the first quarter. Eliot Finkel Investment Counsel LLC now owns 7,800 shares of the aerospace company’s stock valued at $4,714,000 after buying an additional 270 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Down 0.2%

Shares of NYSE LMT opened at $544.75 on Friday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $692.00. The company has a market cap of $125.60 billion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 0.99 and a beta of 0.11. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The business has a fifty day simple moving average of $520.46 and a 200-day simple moving average of $568.63.

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

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 1st were issued a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 66.83%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LMT. Wall Street Zen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. JPMorgan Chase & Co. cut their price target on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. TD Cowen reduced their price objective on shares of Lockheed Martin from $670.00 to $600.00 and set a “hold” rating for the company in a research report on Friday, April 24th. UBS Group lowered their price objective on shares of Lockheed Martin from $683.00 to $538.00 in a research note on Tuesday, June 30th. Finally, Citigroup upgraded shares of Lockheed Martin from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $571.00 to $582.00 in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and a consensus price target of $613.63.

Key Headlines Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed Martin is reportedly close to winning the race for Ultra Maritime, a naval defense specialist, in a deal that could value the business at roughly $3.5 billion and may be announced as soon as next week. Lockheed Closes In on $3.5 Billion Ultra Maritime Deal
• Positive Sentiment: Lockheed continues to benefit from major defense contract wins, including a large THAAD interceptor production award and a Sentinel A4 radar contract, which support revenue visibility and underscore strong demand for missile-defense systems. Why Lockheed Martin (LMT) Is Up 6.1% After Massive Missile-Defense Contracts And Index Shift
• Neutral Sentiment: Analysts are looking ahead to Lockheed Martin’s Q2 earnings report on July 23, with expectations calling for a slight decline in earnings, so investors may stay cautious until results are released. What to Expect From Lockheed Martin’s Next Quarterly Earnings Report
• Negative Sentiment: Some commentary remains focused on Lockheed’s recent uneven quarter, with program charges and weaker cash flow still seen as a risk even after the stock’s rebound. General Dynamics Vs. Lockheed Martin: Buy General Dynamics for Deep Marine Backlogs

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.