Kestra Advisory Services LLC Sells 1,071 Shares of Lockheed Martin Corporation $LMT

Kestra Advisory Services LLC lowered its stake in Lockheed Martin Corporation (NYSE:LMT) by 1.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 68,528 shares of the aerospace company’s stock after selling 1,071 shares during the quarter. Kestra Advisory Services LLC’s holdings in Lockheed Martin were worth $41,418,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. IAG Wealth Partners LLC raised its stake in shares of Lockheed Martin by 4,800.0% in the 1st quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 48 shares in the last quarter. United Financial Planning Group LLC acquired a new stake in Lockheed Martin in the 3rd quarter worth approximately $25,000. Basso Capital Management L.P. bought a new stake in Lockheed Martin during the fourth quarter worth approximately $25,000. Clarity Asset Management Inc. bought a new stake in Lockheed Martin during the fourth quarter worth approximately $26,000. Finally, TD Capital Management LLC boosted its position in Lockheed Martin by 450.0% during the fourth quarter. TD Capital Management LLC now owns 55 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 45 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 1.9%

Shares of LMT opened at $517.71 on Friday. The stock’s 50-day moving average price is $521.44 and its 200 day moving average price is $570.79. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The firm has a market capitalization of $119.36 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 0.95 and a beta of 0.11. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $692.00.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The firm had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. During the same quarter in the prior year, the business posted $7.28 EPS. Lockheed Martin’s revenue was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, research analysts predict that Lockheed Martin Corporation will post 29.93 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 1st were paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, June 1st. Lockheed Martin’s dividend payout ratio is presently 66.83%.

Lockheed Martin News Roundup

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

• Positive Sentiment: Lockheed Martin was selected through its Aculight unit for the Joint Laser Weapon System program, adding another defense-related growth opportunity tied to missile and drone defense. NLight Flashes Buy Signal On U.S. Contract For Missile, Drone Defense
• Positive Sentiment: Goldman Sachs won the mandate to manage part of Lockheed Martin’s retirement assets as part of a combined $70 billion deal, a sign of strong corporate-scale financial relationships and added visibility around its pension/retirement management. Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin
• Positive Sentiment: Recent articles highlighted Lockheed Martin’s large $194 billion backlog and new Pentagon contracts, reinforcing the company’s long-term revenue visibility even as investors await the July 23 earnings report. Lockheed Martin Secures the Ultimate Defense Moat
• Positive Sentiment: Defense stocks, including Lockheed Martin, gained after renewed Iran-war fears and the end of the ceasefire raised expectations for higher defense spending and increased demand for military systems. Northrup, Lockheed, Other Defense Stocks Rise as Trump Sparks Iran War Fears
• Neutral Sentiment: Lockheed Martin also won two U.S. defense contracts worth more than $607 million, which supports backlog growth but is not large enough on its own to change the near-term earnings picture. Lockheed Martin wins two U.S. defense contracts worth over 607M
• Negative Sentiment: Investor attention remains on margin compression, a Q1 earnings miss, and execution risk in fixed-price programs, which help explain why the stock has been slipping despite the strong backlog. Lockheed Martin Secures the Ultimate Defense Moat
• Negative Sentiment: Recent market commentary noted LMT has lagged the broader defense group at times, suggesting traders are still waiting for clearer signs that earnings growth will reaccelerate. LMT Stock Lags Industry in a Month: Is the Pullback an Opportunity?

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group dropped their price target on shares of Lockheed Martin from $683.00 to $538.00 in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a report on Friday, April 24th. Weiss Ratings lowered shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Citigroup upgraded shares of Lockheed Martin from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $571.00 to $582.00 in a report on Wednesday, July 1st. Finally, BNP Paribas Exane cut their target price on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $609.68.

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.