Pitcairn Co. Sells 4,216 Shares of Lockheed Martin Corporation $LMT

Pitcairn Co. lowered its holdings in Lockheed Martin Corporation (NYSE:LMT) by 66.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,157 shares of the aerospace company’s stock after selling 4,216 shares during the period. Pitcairn Co.’s holdings in Lockheed Martin were worth $1,077,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LMT. Tableaux LLC increased its position in Lockheed Martin by 34,231.4% during the second quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock worth $288,589,000 after buying an additional 621,300 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Lockheed Martin by 169.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company’s stock valued at $265,030,000 after buying an additional 359,748 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Lockheed Martin by 1.0% in the second quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock valued at $10,048,993,000 after buying an additional 214,565 shares during the last quarter. Holocene Advisors LP bought a new position in shares of Lockheed Martin during the 2nd quarter worth approximately $92,628,000. Finally, Natixis boosted its stake in shares of Lockheed Martin by 1,478.6% during the 2nd quarter. Natixis now owns 203,859 shares of the aerospace company’s stock worth $94,415,000 after acquiring an additional 190,945 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on LMT shares. Susquehanna reaffirmed a “positive” rating and issued a $660.00 price objective on shares of Lockheed Martin in a report on Thursday, January 15th. UBS Group boosted their target price 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. Morgan Stanley set a $675.00 price target on shares of Lockheed Martin in a research note on Wednesday, February 4th. TD Cowen raised their price target on shares of Lockheed Martin from $600.00 to $670.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Finally, Truist Financial lifted their price objective on shares of Lockheed Martin from $605.00 to $695.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Lockheed Martin has an average rating of “Hold” and a consensus price target of $612.50.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: White House meeting: President Trump urged defense CEOs to boost manufacturing and said companies agreed to “quadruple production” of key weaponry—this direct call for faster output supports expectations of larger government orders and helped lift defense names including LMT. Trump says defense CEOs agree to quadruple production of `Exquisite Class’ weaponry
• Positive Sentiment: Market reaction / headlines: Coverage noting “missiles not dividends” and reports that RTX and LMT rose after the White House push amplified the sector rally and investor focus on production and restocking demand. ‘Missiles Not Dividends’: Trump Tells Defense Stocks to Ramp Up Production – RTX and LMT Rise
• Positive Sentiment: Operational developments: Cancellation of a major 82nd Airborne training exercise stoked speculation of possible deployments—signals that could translate into more near?term demand for platforms and munitions where Lockheed is a key supplier. Army Cancels 82nd Airborne Training Exercise as Iran Conflict Escalates, No Ground Deployment Orders Issued
• Positive Sentiment: Analyst/sector notes: Strategy pieces and lists of defense stocks to watch emphasize stronger demand for fighter jets, missiles and air?defense systems—supporting LMT’s growth outlook if the conflict persists and restocking accelerates. 3 Defense Stocks to Watch Amid Rising Middle East Tensions
• Neutral Sentiment: Longer?term tech investments: Lockheed’s new terahertz sensing and quantum ML collaborations signal R&D and capability expansion that support the company’s secure backlog and long?term competitive position, but these are multi?year catalysts rather than immediate revenue drivers. Lockheed Martin Bets On Terahertz Sensing And Quantum Machine Learning
• Neutral Sentiment: Background/market context: Articles highlighting past returns and sector overviews (e.g., retrospective investment pieces, space stock lists) provide context for investor interest but are less likely to change near?term fundamentals. Had You Invested $1,000 in Northrop Grumman or Lockheed Martin a Decade Ago, Here’s What You’d Have Now

Lockheed Martin Price Performance

Lockheed Martin stock opened at $672.02 on Friday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The stock has a market capitalization of $154.62 billion, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 1.18 and a beta of 0.22. The stock has a fifty day moving average of $600.07 and a 200-day moving average of $517.62.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same quarter in the previous year, the business posted $7.67 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, sell-side analysts expect that Lockheed Martin Corporation will post 27.15 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, March 27th. Shareholders of record on Monday, March 2nd will be issued a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Monday, March 2nd. Lockheed Martin’s payout ratio is presently 64.22%.

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.