Lockheed Martin Corporation $LMT Shares Sold by Balefire LLC

Balefire LLC decreased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 39.8% in the 1st quarter, HoldingsChannel reports. The firm owned 1,504 shares of the aerospace company’s stock after selling 993 shares during the quarter. Balefire LLC’s holdings in Lockheed Martin were worth $909,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. IAG Wealth Partners LLC raised its position in shares of Lockheed Martin by 4,800.0% during the 1st quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock worth $30,000 after buying an additional 48 shares in the last quarter. United Financial Planning Group LLC acquired a new stake in shares of Lockheed Martin in the 3rd quarter worth approximately $25,000. Basso Capital Management L.P. bought a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $25,000. Clarity Asset Management Inc. bought a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $26,000. Finally, TD Capital Management LLC increased its stake in shares of Lockheed Martin by 450.0% during the fourth quarter. TD Capital Management LLC now owns 55 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 45 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed Martin introduced PAC-3 ACE, a lower-cost interceptor designed to capture growing air-defense demand and compete with low-cost weapons from startups. Reuters article on cheaper Patriot interceptors
• Positive Sentiment: The new PAC-3 ACE and MORFIUS X-Rotor products could expand Lockheed Martin’s addressable market in air and drone defense as global conflict drives demand for more interceptors and counter-swarm systems. PR Newswire article on PAC-3 ACE
• Neutral Sentiment: Wall Street is looking for revenue growth in Lockheed Martin’s Q2 results, supported by a strong defense backlog, but margins may take longer to recover. Zacks article on buying before earnings
• Neutral Sentiment: Analysts are also focused on Q2 metric projections ahead of earnings, with investors watching for signs of execution and backlog conversion. Zacks article on Q2 projections
• Negative Sentiment: Lockheed Martin’s hypersonic missile program is facing production issues and quality-defect concerns, adding execution risk to a major defense program. Yahoo Finance article on hypersonic delays

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LMT shares. Jefferies Financial Group set a $575.00 target price on Lockheed Martin in a report on Thursday, June 25th. DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Bank of America lowered their price target on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Morgan Stanley dropped their price objective on Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Finally, Wells Fargo & Company set a $575.00 price objective on Lockheed Martin in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and a consensus price target of $607.58.

Lockheed Martin Stock Up 0.1%

NYSE LMT opened at $509.21 on Tuesday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $692.00. The company has a market capitalization of $117.40 billion, a P/E ratio of 24.66, a PEG ratio of 0.91 and a beta of 0.11. The company’s 50 day simple moving average is $521.89 and its 200 day simple moving average is $572.26. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94.

Lockheed Martin (NYSE:LMT) last issued its 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 business had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities research analysts expect that Lockheed Martin Corporation will post 29.94 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 1st were paid a dividend of $3.45 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is currently 66.83%.

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.