Avantax Planning Partners Inc. Sells 2,874 Shares of Lockheed Martin Corporation $LMT

Avantax Planning Partners Inc. reduced its position in Lockheed Martin Corporation (NYSE:LMT) by 14.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 16,394 shares of the aerospace company’s stock after selling 2,874 shares during the period. Avantax Planning Partners Inc.’s holdings in Lockheed Martin were worth $9,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Diamant Asset Management Inc. grew its stake in shares of Lockheed Martin by 60,339.0% during the 1st quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock worth $531,493,000 after acquiring an additional 877,932 shares during the period. AQR Capital Management LLC boosted its position in Lockheed Martin by 107.3% during the fourth quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock worth $625,784,000 after purchasing an additional 669,604 shares during the period. Morgan Stanley boosted its position in Lockheed Martin by 10.1% during the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock worth $2,770,729,000 after purchasing an additional 527,523 shares during the period. Corient Private Wealth LLC increased its stake in shares of Lockheed Martin by 203.3% in the fourth quarter. Corient Private Wealth LLC now owns 560,363 shares of the aerospace company’s stock worth $271,031,000 after purchasing an additional 375,622 shares in the last quarter. Finally, Canoe Financial LP purchased a new position in shares of Lockheed Martin in the fourth quarter worth about $166,403,000. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Susquehanna lowered their price target on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a research report on Friday, April 24th. TD Cowen reduced their price objective on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research note on Monday. Morgan Stanley reduced their price objective on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Finally, Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and an average price target of $607.58.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $520.82 on Tuesday. The firm’s 50 day simple moving average is $521.76 and its 200 day simple moving average is $571.34. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The firm has a market capitalization of $120.08 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 0.94 and a beta of 0.11. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $692.00.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.79 by ($0.35). The firm 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 business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, analysts expect that Lockheed Martin Corporation will post 29.94 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. Investors of record on Monday, June 1st were given a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) is 66.83%.

More Lockheed Martin News

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

• Positive Sentiment: Lockheed Martin’s massive backlog — reported at about $194 billion at the end of 2025 — continues to support a multi-year revenue stream, reinforcing the view that demand for its defense systems remains strong. Lockheed Martin’s $100 Billion Backlog Signals Long-Term Demand
• Positive Sentiment: Heightened Middle East tensions are keeping the defense sector in focus and could boost sentiment toward major contractors like Lockheed Martin as investors look for beneficiaries of increased military spending. Lockheed Martin Is Way Too Cheap While The Middle East Tension Escalates
• Neutral Sentiment: TD Cowen lowered its price target on LMT to $560 from $600 and kept a hold rating, signaling caution but still implying modest upside from current levels. Benzinga report on TD Cowen price target cut
• Neutral Sentiment: Broader commentary about defense spending and capital flowing into the sector may support the stock, but the company-specific catalyst is less direct than the backlog and analyst action. 50 Billion Is About to Flood Into Defense Stocks: Here’s Who Cashes In
• Negative Sentiment: Investors are also remembering that LMT has recently pulled back from its highs, and its last earnings report missed expectations on both EPS and revenue, which may be weighing on the shares. No article link available

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.