Summit Global Investments Cuts Stock Position in Lockheed Martin Corporation $LMT

Summit Global Investments lessened its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 41.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,064 shares of the aerospace company’s stock after selling 2,915 shares during the quarter. Summit Global Investments’ holdings in Lockheed Martin were worth $2,457,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Basso Capital Management L.P. purchased a new position in Lockheed Martin in the fourth quarter worth $25,000. United Financial Planning Group LLC purchased a new stake in shares of Lockheed Martin during the third quarter worth about $25,000. Clarity Asset Management Inc. acquired a new position in shares of Lockheed Martin during the fourth quarter valued at about $26,000. Triumph Capital Management raised its position in shares of Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 22 shares during the last quarter. Finally, Bard Associates Inc. acquired a new stake in Lockheed Martin in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin News Summary

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

Wall Street Analyst Weigh In

Several analysts have weighed in on LMT shares. Bank of America dropped their target price on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research note on Friday, April 24th. Weiss Ratings lowered Lockheed Martin from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday. Finally, Wells Fargo & Company set a $575.00 price target on shares of Lockheed Martin in a research report on Wednesday, July 8th. One investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and an average price target of $607.58.

Lockheed Martin Stock Up 0.1%

Shares of LMT opened at $509.21 on Tuesday. The company has a market capitalization of $117.40 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 0.91 and a beta of 0.11. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The stock’s 50-day moving average price is $521.89 and its 200-day moving average price is $572.26. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74.

Lockheed Martin (NYSE:LMT) last announced its quarterly 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 company had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. During the same quarter in the prior year, the business posted $7.28 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, sell-side analysts predict that Lockheed Martin Corporation will post 29.94 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 1st were issued a dividend of $3.45 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. Lockheed Martin’s dividend payout ratio is 66.83%.

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.