Lockheed Martin Corporation $LMT Stock Sold by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC trimmed its stake in Lockheed Martin Corporation (NYSE:LMT) by 21.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,584 shares of the aerospace company’s stock after selling 1,754 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Lockheed Martin were worth $3,353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LMT. Stonebridge Financial Group LLC MO raised its holdings in Lockheed Martin by 2.8% in the 1st quarter. Stonebridge Financial Group LLC MO now owns 658 shares of the aerospace company’s stock valued at $397,000 after buying an additional 18 shares during the period. Rooted Wealth Advisors Inc. raised its holdings in Lockheed Martin by 1.8% in the first quarter. Rooted Wealth Advisors Inc. now owns 1,036 shares of the aerospace company’s stock valued at $602,000 after acquiring an additional 18 shares in the last quarter. Beacon Capital Management LLC grew its stake in shares of Lockheed Martin by 4.5% during the second quarter. Beacon Capital Management LLC now owns 442 shares of the aerospace company’s stock worth $225,000 after purchasing an additional 19 shares in the last quarter. Lee Johnson Capital Management LLC grew its holdings in shares of Lockheed Martin by 1.6% during the first quarter. Lee Johnson Capital Management LLC now owns 1,239 shares of the aerospace company’s stock worth $749,000 after buying an additional 20 shares during the last quarter. Finally, Lexington Hill Partners LLC raised its position in shares of Lockheed Martin by 2.0% during the 2nd quarter. Lexington Hill Partners LLC now owns 1,004 shares of the aerospace company’s stock worth $512,000 after purchasing an additional 20 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Rothschild & Co Redburn assumed coverage on shares of Lockheed Martin in a research report on Tuesday, October 6th. They issued a “buy” rating and a $650.00 price objective for the company. Robert W. Baird set a $700.00 target price on Lockheed Martin in a research report on Friday, July 24th. Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. Barclays assumed coverage on Lockheed Martin in a research note on Friday, October 9th. They set an “equal weight” rating and a $554.00 target price for the company. Finally, Sanford C. Bernstein decreased their price target on shares of Lockheed Martin from $629.00 to $564.00 and set a “market perform” rating for the company in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $628.10.

More Lockheed Martin News

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

• Positive Sentiment: Lockheed Martin announced a $300 million investment to expand its Grand Prairie, Texas, munitions facility to more than 735,000 square feet. The project is expected to create approximately 6,000 U.S. jobs, including 2,000 in Texas, and increase production capacity for critical missile systems. Lockheed Martin Supercharges US Missile Production With $300 Million Texas Investment
• Positive Sentiment: The company aims to eventually raise annual PAC-3 MSE missile production from roughly 600 units to at least 2,000. Management’s view that defense demand is “permanent,” combined with replenishment needs and multiyear missile-defense awards, improves long-term backlog visibility. LMT Stock Tracks Best Week Since Mid-August
• Positive Sentiment: A new seven-year agreement with Hadrian will bring automated manufacturing technology into Lockheed Martin’s Texas Missiles and Fire Control facility, potentially helping the company scale production and strengthen its supply chain. Hadrian Expands Partnership with Lockheed Martin
• Positive Sentiment: Lockheed Martin and Avio also agreed to expand U.S. solid rocket motor production for systems including Extended Range GMLRS and Precision Strike Missile, supporting future manufacturing capacity. Lockheed Martin and Avio Announce Strategic Cooperation Agreement
• Neutral Sentiment: Investors are positioning ahead of the October 22 quarterly report. Recent dividend growth and defense-contract momentum raise expectations, but the earnings release will show whether production expansion is translating into revenue, margins and cash flow.
• Negative Sentiment: RBC lowered its LMT price target from $600 to $550 and assigned a “sector perform” rating. The revised target implies only modest upside from current levels, signaling that the analyst sees the stock’s defense-demand prospects as largely reflected in its valuation. RBC Lowers Lockheed Martin Price Target
• Negative Sentiment: Investors remain mindful of Lockheed Martin’s earlier fixed-price program losses and execution risks, which could keep attention focused on cost control and profitability despite strong demand.

Lockheed Martin Stock Up 1.6%

NYSE:LMT traded up $8.42 during mid-day trading on Thursday, reaching $530.65. The stock had a trading volume of 677,204 shares, compared to its average volume of 1,437,049. The company has a market capitalization of $122.47 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 1.09 and a beta of 0.09. Lockheed Martin Corporation has a 1-year low of $437.25 and a 1-year high of $692.00. The stock’s 50 day simple moving average is $543.57 and its two-hundred day simple moving average is $544.37. 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 (NYSE:LMT) last announced its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%. The firm had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same period in the previous year, the company earned $1.46 earnings per share. Lockheed Martin’s quarterly revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities analysts anticipate that Lockheed Martin Corporation will post 30.44 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be given a dividend of $3.60 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $14.40 annualized dividend and a dividend yield of 2.7%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.45. Lockheed Martin’s dividend payout ratio is currently 53.08%.

About Lockheed Martin

Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.

Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.