Bank of New York Mellon Corp Sells 75,074 Shares of Lockheed Martin Corporation $LMT

Bank of New York Mellon Corp lessened its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 5.6% during the 1st quarter, Holdings Channel reports. The firm owned 1,256,803 shares of the aerospace company’s stock after selling 75,074 shares during the period. Bank of New York Mellon Corp’s holdings in Lockheed Martin were worth $759,599,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Good Harbor Advisors Inc. bought a new position in Lockheed Martin in the 1st quarter worth approximately $245,000. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Lockheed Martin by 41.3% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 44,104 shares of the aerospace company’s stock valued at $26,656,000 after buying an additional 12,882 shares during the last quarter. NFSG Corp raised its position in shares of Lockheed Martin by 182.0% during the first quarter. NFSG Corp now owns 1,644 shares of the aerospace company’s stock valued at $993,000 after buying an additional 1,061 shares during the last quarter. Signet Financial Management LLC purchased a new position in shares of Lockheed Martin in the first quarter worth $204,000. Finally, SouthState Bank Corp lifted its holdings in shares of Lockheed Martin by 2.9% in the first quarter. SouthState Bank Corp now owns 4,573 shares of the aerospace company’s stock worth $2,764,000 after buying an additional 130 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

More Lockheed Martin News

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

• Positive Sentiment: Lockheed Martin won a $10.5 billion U.S. Special Operations Command contract to provide next-generation logistics and sustainment support, a meaningful backlogged revenue win that could bolster investor confidence. Article Title
• Positive Sentiment: The company said it will expand Lockheed Martin Ventures into the U.K. and Europe, committing at least $100 million to defense-tech startups, which may help strengthen its technology pipeline and international presence. Article Title
• Positive Sentiment: Lockheed Martin also continues to deepen its undersea and submarine market exposure, including a recent U.S. Navy contract and related technology work, which adds to its long-term defense growth story. Article Title
• Neutral Sentiment: With quarterly earnings due next week, analysts are watching whether Lockheed can meet expectations after recent commentary suggested the setup may not favor an easy beat. Article Title
• Neutral Sentiment: Lockheed Martin shares have also been under some pressure recently, reflecting broader investor caution ahead of earnings despite the new contract news. Article Title

Lockheed Martin Price Performance

Lockheed Martin stock opened at $513.09 on Friday. The company has a market cap of $118.30 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 0.92 and a beta of 0.11. The firm’s fifty day moving average is $521.91 and its 200 day moving average is $571.97. 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 Corporation has a 52-week low of $410.11 and a 52-week high of $692.00.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 EPS 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 business had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. During the same quarter last year, the business 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. Sell-side analysts forecast that Lockheed Martin Corporation will post 29.94 EPS for the current fiscal 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 dividend yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is presently 66.83%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a report on Friday, May 29th. Bank of America decreased their price target on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. UBS Group dropped their price objective on shares of Lockheed Martin from $683.00 to $538.00 in a report on Tuesday, June 30th. Finally, Susquehanna cut their price objective on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $607.58.

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.