Smithbridge Asset Management Inc. DE Decreases Holdings in Lockheed Martin Corporation $LMT

Smithbridge Asset Management Inc. DE trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 49.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 12,972 shares of the aerospace company’s stock after selling 12,908 shares during the quarter. Lockheed Martin comprises 1.2% of Smithbridge Asset Management Inc. DE’s holdings, making the stock its 26th biggest holding. Smithbridge Asset Management Inc. DE’s holdings in Lockheed Martin were worth $7,840,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of LMT. Charles Schwab Investment Management Inc. raised its stake in shares of Lockheed Martin by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock valued at $4,178,399,000 after purchasing an additional 114,900 shares during the period. Morgan Stanley raised its position in shares of Lockheed Martin by 10.1% during the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after buying an additional 527,523 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Lockheed Martin by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,384,753 shares of the aerospace company’s stock worth $1,190,493,000 after purchasing an additional 79,491 shares in the last quarter. Invesco Ltd. boosted its stake in Lockheed Martin by 4.2% in the third quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock worth $1,096,294,000 after buying an additional 87,663 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Lockheed Martin by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock valued at $807,866,000 after purchasing an additional 10,349 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LMT shares. Argus upped their price target on shares of Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a report on Friday, March 6th. Citigroup upgraded shares of Lockheed Martin from a “neutral” rating to a “buy” rating and boosted their target price for the company from $571.00 to $582.00 in a report on Wednesday. UBS Group reduced their price objective on Lockheed Martin from $683.00 to $538.00 in a research report on Tuesday. Susquehanna cut their price target on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a report on Friday, April 24th. Finally, Wells Fargo & Company initiated coverage on Lockheed Martin in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average price target of $613.63.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed Martin won roughly $38 billion in new defense work, including a $35.5 billion THAAD-related contract and a $2.9 billion radar deal, which should bolster long-term revenue visibility. Lockheed Martin (LMT) Secures $38B in Defense Contracts as Citi Raises Rating
• Positive Sentiment: Lockheed also secured a $3 billion U.S. Army radar production contract, adding to near-term order momentum. Good News For Lockheed Martin Stock Fans
• Positive Sentiment: Citi reportedly raised its rating on Lockheed Martin to Buy with a $582 price target, signaling renewed analyst confidence after the stock’s recent pullback. Lockheed Martin (LMT) Secures $38B in Defense Contracts as Citi Raises Rating
• Positive Sentiment: One article argued that Lockheed’s dividend case is getting stronger, which may appeal to income-focused investors. Lockheed Martin (NYSE:LMT) Dividend Case Gets Stronger
• Neutral Sentiment: Lockheed announced it will webcast its second-quarter 2026 earnings call on July 23, keeping investors focused on upcoming results rather than providing new financial guidance yet. Lockheed Martin Announces Second Quarter 2026 Earnings Results Webcast
• Neutral Sentiment: UBS cut its price target on Lockheed Martin to $538 from $683, which is a cautionary signal, but the new target still implies some upside from recent levels. UBS Cuts Price Target on Lockheed Martin to $538 from $683
• Negative Sentiment: Lockheed’s prior quarter showed an earnings miss and softer revenue versus expectations, which may continue to weigh on valuation despite the recent contract wins. Lockheed Martin Stock Up 2.4%

Lockheed Martin Stock Up 2.4%

NYSE LMT opened at $521.47 on Thursday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The company has a market capitalization of $120.23 billion, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 0.92 and a beta of 0.11. The stock’s 50-day moving average price is $521.25 and its 200-day moving average price is $568.34. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing the consensus estimate of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. During the same period in the prior year, the firm earned $7.28 EPS. Lockheed Martin’s revenue for the quarter was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, equities research analysts predict that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 1st were issued a $3.45 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.6%. Lockheed Martin’s payout ratio is currently 66.83%.

About Lockheed Martin

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.