SummitTX Capital L.P. Buys New Position in Lockheed Martin Corporation $LMT

SummitTX Capital L.P. bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,421 shares of the aerospace company’s stock, valued at approximately $12,947,000.

A number of other hedge funds have also added to or reduced their stakes in LMT. Lazard Asset Management LLC lifted its stake in Lockheed Martin by 30.0% in the first quarter. Lazard Asset Management LLC now owns 322,075 shares of the aerospace company’s stock valued at $194,659,000 after buying an additional 74,295 shares during the period. Gateway Wealth Partners LLC grew its position in shares of Lockheed Martin by 112.9% during the 1st quarter. Gateway Wealth Partners LLC now owns 2,834 shares of the aerospace company’s stock worth $1,712,000 after buying an additional 1,503 shares during the period. Weiss Asset Management LP bought a new stake in shares of Lockheed Martin in the 1st quarter valued at $37,240,000. OMERS ADMINISTRATION Corp increased its stake in shares of Lockheed Martin by 27.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 11,303 shares of the aerospace company’s stock valued at $6,831,000 after acquiring an additional 2,458 shares in the last quarter. Finally, 44 Wealth Management LLC lifted its position in shares of Lockheed Martin by 24.2% during the 1st quarter. 44 Wealth Management LLC now owns 1,738 shares of the aerospace company’s stock valued at $1,050,000 after acquiring an additional 339 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on LMT. Morgan Stanley increased their target price on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research note on Friday. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Wells Fargo & Company set a $575.00 price objective on shares of Lockheed Martin in a report on Wednesday, July 8th. Robert W. Baird set a $700.00 price objective on shares of Lockheed Martin in a research report on Friday. Finally, JPMorgan Chase & Co. reduced their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $624.94.

Lockheed Martin Price Performance

Shares of LMT opened at $582.73 on Monday. The business’s fifty day moving average is $523.78 and its 200 day moving average is $573.64. Lockheed Martin Corporation has a 12-month low of $412.55 and a 12-month high of $692.00. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. The stock has a market cap of $134.49 billion, a P/E ratio of 21.48, a P/E/G ratio of 1.04 and a beta of 0.11.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the previous year, the business posted $1.46 EPS. 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. Sell-side analysts anticipate that Lockheed Martin Corporation will post 30.12 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. Stockholders of record on Tuesday, September 1st will be given a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. Lockheed Martin’s payout ratio is presently 50.87%.

Lockheed Martin News Summary

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

• Positive Sentiment: Lockheed beat Q2 expectations with EPS of $7.94 and revenue of $20.06 billion, helped by 10.5% year-over-year sales growth. Reuters: Lockheed Martin lifts 2026 forecasts as Pentagon seeks to restock weapons
• Positive Sentiment: The company raised 2026 guidance for both sales and earnings, signaling management confidence in sustained demand and improved execution. PR Newswire: Lockheed Martin Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Backlog hit a record $230 billion, boosted by major contracts such as the $35 billion THAAD interceptor award, giving investors long-term revenue visibility. Yahoo Finance: Lockheed Martin Says Record Backlog Will Fuel Sales Growth for Years to Come
• Positive Sentiment: Management highlighted expanding munitions production and broader defense demand, which should support future growth as the Pentagon replenishes weapons stockpiles. WSJ: Lockheed Martin Raises Full-Year Outlook on Continued Expansion of Munitions Production
• Neutral Sentiment: Lockheed also unveiled new missile-defense technology and continued investing ahead of contract awards, a strategic move that could help growth but adds some execution risk. Benzinga: Lockheed Isn’t Waiting For Pentagon Orders Anymore
• Negative Sentiment: Some analysts still caution that execution needs to stay consistent, so future gains may depend on whether management can keep deliveries, margins, and production ramp-ups on track. Yahoo Finance: Lockheed Martin Posted Strong Q2 Results but Execution Remains Key, RBC Says

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.