Lockheed Martin Corporation $LMT Shares Sold by Corundum Group Inc.

Corundum Group Inc. reduced its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 26.1% during the 1st quarter, HoldingsChannel reports. The fund owned 19,045 shares of the aerospace company’s stock after selling 6,715 shares during the period. Lockheed Martin accounts for 3.8% of Corundum Group Inc.’s holdings, making the stock its 5th biggest position. Corundum Group Inc.’s holdings in Lockheed Martin were worth $11,511,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Basso Capital Management L.P. acquired a new stake in Lockheed Martin during the fourth quarter valued at $25,000. United Financial Planning Group LLC acquired a new position in Lockheed Martin in the 3rd quarter worth about $25,000. Clarity Asset Management Inc. acquired a new position in Lockheed Martin in the 4th quarter worth about $26,000. Triumph Capital Management raised its stake in shares of Lockheed Martin by 66.7% during the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 22 shares in the last quarter. Finally, Bard Associates Inc. purchased a new stake in shares of Lockheed Martin during the 4th quarter worth about $27,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Susquehanna lowered their price target on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research note on Friday, April 24th. Weiss Ratings downgraded Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Morgan Stanley cut their price objective on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Wells Fargo & Company assumed coverage on shares of Lockheed Martin in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 target price for the company. Finally, Argus boosted their target price on shares of Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $620.68.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $491.80 on Thursday. The stock has a market capitalization of $113.39 billion, a P/E ratio of 23.82, a P/E/G ratio of 0.91 and a beta of 0.10. The business has a 50-day moving average of $530.43 and a two-hundred day moving average of $566.81. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $692.00. 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 quarterly earnings data 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 company had revenue of $18.02 billion for the quarter, compared to analyst estimates of $18.38 billion. During the same period in the prior year, the company posted $7.28 EPS. The business’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, equities research analysts predict that Lockheed Martin Corporation will post 29.88 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be given a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. Lockheed Martin’s dividend payout ratio is presently 66.83%.

More Lockheed Martin News

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

• Positive Sentiment: The U.S. government awarded Lockheed Martin a seven-year contract action worth up to $35 billion to quadruple production of THAAD missile interceptors, a major win that should boost revenue visibility and strengthen the company’s defense backlog. Article Title
• Positive Sentiment: The THAAD award comes as the U.S. is pushing defense contractors to ramp up weapons production, suggesting Lockheed could benefit from sustained demand tied to replenishing missile stockpiles and higher military readiness spending. Article Title
• Neutral Sentiment: Lockheed Martin also appeared in comparison and investor-interest coverage, which highlights ongoing attention to its valuation, backlog, and debt profile, but these pieces did not present a clear new catalyst. Article Title
• Negative Sentiment: The stock has been falling more than the broader market recently, with recent articles pointing to weakness over the last couple of sessions and investor concern around geopolitical noise and near-term momentum. Article Title

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.