Lockheed Martin Corporation $LMT Position Lessened by Chapin Davis Inc.

Chapin Davis Inc. reduced its position in Lockheed Martin Corporation (NYSE:LMT) by 39.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,561 shares of the aerospace company’s stock after selling 997 shares during the period. Chapin Davis Inc.’s holdings in Lockheed Martin were worth $795,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LMT. BlackRock Inc. purchased a new stake in Lockheed Martin in the 2nd quarter valued at about $9,617,574,000. Corient Private Wealth LP acquired a new stake in shares of Lockheed Martin in the second quarter worth approximately $101,960,000. Bank of New York Mellon Corp acquired a new stake in shares of Lockheed Martin in the second quarter worth approximately $645,258,000. Legal & General Group Plc purchased a new stake in Lockheed Martin in the second quarter valued at approximately $497,469,000. Finally, Diamant Asset Management Inc. increased its position in Lockheed Martin by 60,339.0% during the first quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock worth $531,493,000 after purchasing an additional 877,932 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of research analyst reports. Rothschild & Co Redburn assumed coverage on shares of Lockheed Martin in a report on Tuesday. They issued a “buy” rating and a $650.00 price target on the stock. Morgan Stanley increased their target price on Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Robert W. Baird set a $700.00 target price on Lockheed Martin in a report on Friday, July 24th. UBS Group upgraded Lockheed Martin from a “neutral” rating to a “buy” rating and upped their price target for the stock from $581.00 to $674.00 in a research note on Tuesday, September 8th. Finally, Royal Bank Of Canada raised their price objective on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $634.00.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $507.81 on Friday. The company’s fifty day simple moving average is $549.35 and its 200-day simple moving average is $547.40. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The company has a market cap of $117.20 billion, a PE ratio of 18.72, a P/E/G ratio of 1.08 and a beta of 0.09.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping 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 firm had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same period in the prior year, the company earned $1.46 EPS. The firm’s 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. As a group, equities research analysts anticipate that Lockheed Martin Corporation will post 30.44 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st were given a $3.45 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. Lockheed Martin’s dividend payout ratio is presently 50.87%.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: AIM-260 missile program could improve multiyear revenue visibility. A framework agreement with the Pentagon is expected to accelerate production and delivery of Lockheed Martin’s AIM-260 Joint Advanced Tactical Missile. The program’s growing importance to U.S. air dominance plans could support a longer-term increase in orders and sales. Can Lockheed Martin’s AIM-260 Missile Deliver Multiyear Growth?
• Positive Sentiment: Rothschild & Co. Redburn initiated coverage with a Buy rating and a $650 price target. The target implies substantial upside from recent trading levels and adds to the bullish case for the shares. Rothschild & Co initiates coverage of Lockheed Martin with buy
• Positive Sentiment: Investors continue to point to Lockheed Martin’s large backlog and potential margin recovery. Recent analysis argues that missile growth, improving profitability and resilient defense demand could strengthen the company’s earnings outlook. Lockheed Martin: Missile Growth and Margin Recovery Could Change the Earnings Story
• Neutral Sentiment: Lockheed Martin announced the first flight of Morocco’s first F-16 Block 72, highlighting continued international demand for its aircraft, though the near-term financial impact was not disclosed. Lockheed Martin Announces First Flight of Morocco’s First F-16 Block 72
• Negative Sentiment: The stock recently fell more sharply than the broader market and has significantly lagged the S&P 500 this year. Its position below recent highs and key moving averages remains a technical and performance overhang. Lockheed Martin Suffers a Larger Drop Than the General Market

Lockheed Martin Profile

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.