Canandaigua National Bank & Trust Co. Makes New $5.97 Million Investment in Lockheed Martin Corporation $LMT

Canandaigua National Bank & Trust Co. purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the second quarter, Holdings Channel.com reports. The fund purchased 11,719 shares of the aerospace company’s stock, valued at approximately $5,970,000.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on LMT shares. TD Cowen reduced their target price on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft dropped their price target on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research note on Friday, April 24th. Citigroup raised Lockheed Martin from a “neutral” rating to a “buy” rating and increased their price objective for the company from $571.00 to $582.00 in a report on Wednesday, July 1st. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a research note on Sunday, July 26th. Finally, Bank of America dropped their target price 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. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $626.33.

More Lockheed Martin News

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

• Positive Sentiment: Expanded missile-defense production supports future revenue. The U.S. Defense Department signed framework agreements with Lockheed Martin and Northrop Grumman to increase production of missile-interceptor components. The arrangements include up to $2 billion tied to Lockheed’s PAC-3 MSE Patriot program and additional support for THAAD components. Lockheed is targeting annual PAC-3 MSE production of 2,000 interceptors by the end of 2030. US signs deal to boost production of missile-interceptor parts
• Positive Sentiment: Recent financial results and backlog reinforce the long-term growth case. Lockheed reported quarterly earnings of $7.94 per share versus the $7.22 consensus estimate, while revenue rose 10.5% year over year to $20.06 billion. Reports also highlight a record backlog of roughly $230 billion, providing substantial visibility into future sales. Lockheed Martin Q2 2026 record backlog
• Positive Sentiment: Analyst expectations suggest potential valuation upside. Lockheed Martin recently traded near $586, compared with an average Wall Street price target of approximately $628. One analyst cited in market commentary expects nearly 30% appreciation over the next year, making the prior pullback appear attractive if execution improves. Lockheed Martin Wall Street upside expectations
• Neutral Sentiment: Supply-chain and technology initiatives add strategic value but limited immediate earnings impact. Lockheed is reportedly discussing purchases of critical minerals from U.S. mines to reduce reliance on China, while its Skunk Works unit is advancing AI-enabled fighter-intercept testing. These efforts may improve supply security and technology leadership, but their near-term financial contribution is unclear. Lockheed seeks U.S. mineral supplies
• Negative Sentiment: Investors remain concerned about the stock’s earlier decline and whether one weak period signals deeper execution issues. Commentary notes that LMT has fallen materially over the past several months despite strong results and backlog, leaving the market focused on program performance, delivery execution and the company’s ability to convert demand into earnings growth. Is Lockheed Martin a buying opportunity after its drop

Lockheed Martin Trading Up 0.4%

NYSE LMT opened at $588.92 on Wednesday. Lockheed Martin Corporation has a 1 year low of $421.86 and a 1 year high of $692.00. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The company has a market capitalization of $135.92 billion, a PE ratio of 21.71, a P/E/G ratio of 1.01 and a beta of 0.10. The company has a fifty day moving average of $531.06 and a 200 day moving average of $575.78.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping the consensus estimate of $7.22 by $0.72. The company had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the firm earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Research analysts forecast that Lockheed Martin Corporation will post 30.31 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is 50.87%.

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.