Palumbo Wealth Management LLC Sells 1,121 Shares of Lockheed Martin Corporation $LMT

Palumbo Wealth Management LLC cut its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 40.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,646 shares of the aerospace company’s stock after selling 1,121 shares during the quarter. Palumbo Wealth Management LLC’s holdings in Lockheed Martin were worth $815,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of LMT. Brighton Jones LLC raised its holdings in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after acquiring an additional 191 shares during the period. Sivia Capital Partners LLC raised its holdings in Lockheed Martin by 5.4% during the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock valued at $451,000 after acquiring an additional 50 shares during the period. Schnieders Capital Management LLC. raised its holdings in Lockheed Martin by 17.3% during the second quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock valued at $676,000 after acquiring an additional 215 shares during the period. Gamco Investors INC. ET AL raised its holdings in Lockheed Martin by 36.0% during the second quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock valued at $1,042,000 after acquiring an additional 595 shares during the period. Finally, Gabelli Funds LLC raised its holdings in Lockheed Martin by 5.9% during the second quarter. Gabelli Funds LLC now owns 14,278 shares of the aerospace company’s stock valued at $6,613,000 after acquiring an additional 800 shares during the period. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LMT. Argus raised their price target on Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a report on Friday, March 6th. JPMorgan Chase & Co. raised their price target on Lockheed Martin from $515.00 to $680.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Robert W. Baird raised their price target on Lockheed Martin from $550.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 16th. Truist Financial raised their price target on Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a report on Friday, January 30th. Finally, BNP Paribas Exane raised their price target on Lockheed Martin from $550.00 to $570.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Seven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and a consensus price target of $635.26.

Lockheed Martin Trading Down 1.6%

Shares of LMT stock opened at $627.55 on Wednesday. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $692.00. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. The stock’s 50-day moving average price is $637.98 and its 200-day moving average price is $545.04. The stock has a market capitalization of $144.63 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 1.12 and a beta of 0.23.

Lockheed Martin (NYSE:LMT) last issued 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 last year, the firm posted $7.67 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 2nd were issued a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, March 2nd. Lockheed Martin’s payout ratio is 64.22%.

More Lockheed Martin News

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

• Positive Sentiment: Trump / Pentagon budget tailwinds — Multiple reports highlight large proposed defense budgets (big uplifts to procurement and missile programs), which support Lockheed’s multi-year backlog and program funding outlook. Trump’s $2.2T proposed defense budget boosts Lockheed Martin’s outlook
• Positive Sentiment: AIM-260 missile program acceleration — Pentagon budget increases and program prioritization could fast-track Lockheed’s AIM-260 missile work, a potential multi-year revenue and margin driver. Pentagon budget surge signals fast track for Lockheed’s AIM-260 missile program
• Positive Sentiment: Analyst support and small price-target raises — Jefferies raised its LMT price target to $640 (Hold) and Citigroup nudged its target higher; both leave the name supported at current levels. Benzinga PT raise
• Positive Sentiment: Contract &space tailwinds — Lockheed extended supplier ties (Exostar 5-year contract) and benefits from Artemis II/space spending narratives that add optional upside beyond defense prime work. Exostar Wins New 5-Year Contract with Lockheed Martin
• Neutral Sentiment: Market reaction vs. fundamentals — LMT has outperformed recently and some outlets flag limited near-term upside at current valuation despite strong franchise; short-term volatility may persist. Valuation note
• Neutral Sentiment: Daily stock drift — Coverage notes a modest intraday slide vs broader market gains (reported ~-1.6% close in recent session), reflecting sector rotation rather than company-specific earnings surprises. Lockheed Martin (LMT) Stock Slides as Market Rises
• Negative Sentiment: Program competition loss — Lockheed did not advance in the Army’s flight-school competition while Bell and M1 moved on, a direct operational setback that can delay near-term revenue tied to that contest. Bell, M1 Move Onto Final Phase… Lockheed Doesn’t Advance
• Negative Sentiment: Sector-level weakness from Iran conflict — Despite the geopolitical event, defense ETFs and many defense names have been down (ETF ~8% decline since Iran war began), as investors await clarity on U.S. policy actions; that uncertainty is pressuring LMT today. Defense Stocks Fall. Why They Haven’t Had a Iran War Surge

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.