Lockheed Martin Corporation $LMT Shares Sold by Burney Co.

Burney Co. lowered its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 16.4% in the first quarter, Holdings Channel reports. The firm owned 16,206 shares of the aerospace company’s stock after selling 3,186 shares during the period. Burney Co.’s holdings in Lockheed Martin were worth $9,795,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Signet Private Wealth LLC grew its stake in Lockheed Martin by 1.5% during the first quarter. Signet Private Wealth LLC now owns 1,665 shares of the aerospace company’s stock worth $1,006,000 after buying an additional 24 shares during the period. Integrated Advisors Network LLC increased its holdings in Lockheed Martin by 6.3% in the 1st quarter. Integrated Advisors Network LLC now owns 4,749 shares of the aerospace company’s stock valued at $2,870,000 after purchasing an additional 283 shares in the last quarter. Sage Rhino Capital LLC acquired a new stake in Lockheed Martin in the 1st quarter valued at $200,000. Kiley Juergens Wealth Management LLC acquired a new stake in Lockheed Martin in the 1st quarter valued at $1,740,000. Finally, Dumont & Blake Investment Advisors LLC raised its position in Lockheed Martin by 208.5% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 1,752 shares of the aerospace company’s stock valued at $1,059,000 after purchasing an additional 1,184 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LMT shares. Susquehanna reduced their price objective on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a research note on Friday, April 24th. Weiss Ratings lowered Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. UBS Group dropped their target price on Lockheed Martin from $683.00 to $538.00 in a report on Tuesday, June 30th. Wells Fargo & Company began coverage on Lockheed Martin in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 price target on the stock. Finally, Jefferies Financial Group set a $575.00 price target on Lockheed Martin in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and an average price target of $613.63.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $537.62 on Tuesday. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. The company’s fifty day moving average price is $520.46 and its two-hundred day moving average price is $569.22. The firm has a market capitalization of $123.95 billion, a P/E ratio of 26.03, a P/E/G ratio of 0.99 and a beta of 0.11. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $692.00.

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

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 1st were issued a dividend of $3.45 per share. The ex-dividend date was Monday, June 1st. This represents a $13.80 annualized dividend and a yield of 2.6%. Lockheed Martin’s payout ratio is currently 66.83%.

Lockheed Martin News Summary

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

• Positive Sentiment: The Ultra Maritime deal expands Lockheed Martin’s undersea warfare capabilities and adds sonar, sonobuoy, torpedo defense, and autonomous maritime sensing technologies to its portfolio, which could strengthen its long-term position in naval defense. Lockheed Martin to Acquire Ultra Maritime Solutions
• Positive Sentiment: Investors may view the acquisition as a strategic move to deepen Lockheed Martin’s exposure to growing maritime and anti-submarine warfare demand from allied navies. Lockheed Martin to buy Ultra Maritime for $3.45 billion
• Neutral Sentiment: Market commentary suggested the stock was also being watched for technical levels and recent earnings trends, indicating some investors remain cautious even with the acquisition announcement. M&A News: Lockheed Martin Stock (LMT) Sinks Despite $3.5B Deal to Buy Naval Specialist Ultra Maritime
• Neutral Sentiment: Coverage from several outlets highlighted the acquisition as a major strategic update, but did not point to any immediate earnings boost, so the near-term stock reaction may reflect deal execution concerns as much as growth optimism. Lockheed Martin to Acquire Ultra Maritime in $3.45 Billion Deal

About Lockheed Martin

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.