Wealthcare Advisory Partners LLC Sells 1,250 Shares of Lockheed Martin Corporation $LMT

Wealthcare Advisory Partners LLC decreased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 10.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,043 shares of the aerospace company’s stock after selling 1,250 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Lockheed Martin were worth $5,626,000 as of its most recent filing with the Securities & Exchange Commission.

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

Key Lockheed Martin News

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

• Positive Sentiment: The Pentagon awarded Lockheed Martin a seven-year, up to $53.86 billion undefinitized contract action for PAC-3 Missile Segment Enhancement interceptors. Including a prior $4.7 billion award, the multiyear opportunity could total approximately $58.62 billion, providing substantial backlog visibility and reinforcing demand for the company’s missile-defense portfolio. Pentagon PAC-3 contract article
• Positive Sentiment: Lockheed Martin reported a successful static-fire test of the Stage 2 motor for its Next Generation Interceptor program. The milestone supports progress in a strategically important missile-defense program and could strengthen the company’s position in future government awards. Next Generation Interceptor test article
• Positive Sentiment: The company introduced Strigo, a modular family of sensors, missile datalinks, and seeker technologies designed for multiple defense missions. The common architecture may improve product flexibility and support future sales across air-defense and missile-defense applications. Strigo product announcement
• Neutral Sentiment: Television host Jim Cramer called Lockheed Martin “sensational,” citing its defense-market position and dividend. The endorsement may support investor sentiment, but it does not change the company’s earnings outlook or fundamentals. Jim Cramer endorsement article
• Negative Sentiment: The large PAC-3 award is currently undefinitized, meaning final terms and pricing remain subject to negotiation. Investors may also be focused on the lengthy seven-year delivery period, execution challenges, and whether the contract’s benefits are already reflected in LMT’s valuation. No new negative operating update was reported in the supplied articles.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a report on Friday, May 29th. Morgan Stanley raised their target price on Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a research note on Sunday, July 26th. BNP Paribas Exane dropped their price target on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Finally, Citigroup upgraded Lockheed Martin from a “neutral” rating to a “buy” rating and increased their price target for the stock from $571.00 to $582.00 in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $626.33.

Lockheed Martin Stock Performance

NYSE:LMT opened at $597.35 on Wednesday. The company has a market capitalization of $137.86 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 1.04 and a beta of 0.10. The business has a 50 day moving average of $537.38 and a 200 day moving average of $576.08. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. Lockheed Martin Corporation has a 1-year low of $425.00 and a 1-year high of $692.00.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping the consensus estimate of $7.22 by $0.72. The firm had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the firm posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, sell-side analysts predict that Lockheed Martin Corporation will post 30.36 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

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

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.