Victory Capital Management Inc. Cuts Stock Holdings in Lockheed Martin Corporation $LMT

Victory Capital Management Inc. reduced its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 276,615 shares of the aerospace company’s stock after selling 4,035 shares during the quarter. Victory Capital Management Inc.’s holdings in Lockheed Martin were worth $138,089,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Grey Fox Wealth Advisors LLC purchased a new position in Lockheed Martin in the 3rd quarter worth approximately $27,000. Barnes Dennig Private Wealth Management LLC grew its holdings in shares of Lockheed Martin by 285.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 40 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of Lockheed Martin in the second quarter worth approximately $29,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Lockheed Martin during the 3rd quarter valued at $35,000. Finally, MTM Investment Management LLC purchased a new stake in Lockheed Martin during the 2nd quarter valued at $36,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $667.12 on Wednesday. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $692.00. The stock’s 50 day simple moving average is $589.33 and its two-hundred day simple moving average is $513.99. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. The stock has a market cap of $153.49 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 1.22 and a beta of 0.22.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.33 by ($0.53). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The firm had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the prior year, the company posted $7.67 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. As a group, analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 2nd will be given a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $13.80 annualized dividend and a yield of 2.1%. Lockheed Martin’s dividend payout ratio (DPR) is currently 64.22%.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: White House meeting to accelerate production — The White House has invited top defense executives to discuss speeding weapons production to replenish stockpiles after strikes on Iran, which could translate into larger near-term orders and accelerated program funding for prime contractors like Lockheed. Exclusive: Defense executives plan to meet at White House as strikes on Iran diminish stockpiles
• Positive Sentiment: Backlogs and program exposure underpin upside — MarketBeat highlights Lockheed’s roughly $194B backlog and multi-decade revenue streams from F-35 production, missiles and sustainment, supporting durable revenue visibility beyond short-term volatility. Defense Stocks: Rockets, Radars, and Record Backlogs
• Positive Sentiment: Analysts and sector research point to a sustained missile/armaments megatrend — Citi and other analysts say demand for interceptors and missiles is likely to rise materially, a structural tailwind for Lockheed’s Missiles & Fire Control business. Missile ‘megatrend’ still underestimated despite Iran conflict, says Citi
• Neutral Sentiment: Market momentum and valuation debates — Coverage shows strong YTD gains and record highs, prompting questions about whether current prices fully reflect accelerated demand or are a near-term risk given a higher P/E; investors are reassessing valuation vs. execution risk. Assessing Lockheed Martin (LMT) Valuation After Strong Recent Share Price And Total Return Performance
• Negative Sentiment: Pentagon ban on Anthropic’s Claude AI — Lockheed confirmed it will remove Anthropic’s tools to comply with the Trump administration order. That creates short-term IT disruption, potential transition costs and uncertainty for ongoing AI-enabled upgrades (even though legal challenges to the ban may follow). Defense contractors, like Lockheed, seen removing Anthropic’s AI after Trump ban

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LMT shares. UBS Group boosted their price objective on shares of Lockheed Martin from $580.00 to $663.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Royal Bank Of Canada boosted their price target on Lockheed Martin from $615.00 to $650.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $654.00 price target on shares of Lockheed Martin in a research report on Friday, February 6th. TD Cowen increased their price objective on Lockheed Martin from $600.00 to $670.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Finally, Truist Financial boosted their target price on Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $612.50.

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.