Johnson Financial Group Inc. Sells 2,208 Shares of Lockheed Martin Corporation $LMT

Johnson Financial Group Inc. reduced its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 16.5% in the first quarter, HoldingsChannel.com reports. The fund owned 11,186 shares of the aerospace company’s stock after selling 2,208 shares during the quarter. Johnson Financial Group Inc.’s holdings in Lockheed Martin were worth $6,761,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerro Pacific Wealth Advisors LLC increased its holdings in Lockheed Martin by 1.2% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock worth $665,000 after purchasing an additional 16 shares in the last quarter. Garner Asset Management Corp boosted its holdings in shares of Lockheed Martin by 0.9% during the 4th quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock worth $839,000 after buying an additional 16 shares in the last quarter. Davis R M Inc. boosted its holdings in shares of Lockheed Martin by 1.3% during the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock worth $612,000 after buying an additional 16 shares in the last quarter. Broadway Wealth Solutions Inc. grew its position in shares of Lockheed Martin by 3.6% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock worth $234,000 after buying an additional 17 shares during the period. Finally, Aspire Growth Partners LLC grew its position in shares of Lockheed Martin by 0.7% during the 4th quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock worth $1,217,000 after buying an additional 17 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.1%

NYSE:LMT opened at $509.21 on Tuesday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $692.00. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The firm’s 50 day moving average is $521.89 and its 200 day moving average is $572.26. The stock has a market capitalization of $117.40 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 0.91 and a beta of 0.11.

Lockheed Martin (NYSE:LMT) last posted 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 return on equity of 101.64% and a net margin of 6.38%.The firm had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. During the same quarter in the previous year, the company posted $7.28 EPS. The firm’s revenue 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 expect that Lockheed Martin Corporation will post 29.94 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 1st were issued a dividend of $3.45 per share. 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 2.7%. Lockheed Martin’s payout ratio is presently 66.83%.

Analyst Ratings Changes

A number of research firms recently issued reports on LMT. Weiss Ratings downgraded shares of Lockheed Martin from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday. Morgan Stanley dropped their price objective on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. TD Cowen decreased their target price on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research report on Monday, July 13th. UBS Group reduced their price objective on Lockheed Martin from $683.00 to $538.00 in a research note on Tuesday, June 30th. Finally, Susquehanna decreased their price target on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and an average price target of $607.58.

Lockheed Martin News Summary

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

• Positive Sentiment: Lockheed Martin introduced PAC-3 ACE, a lower-cost interceptor designed to capture growing air-defense demand and compete with low-cost weapons from startups. Reuters article on cheaper Patriot interceptors
• Positive Sentiment: The new PAC-3 ACE and MORFIUS X-Rotor products could expand Lockheed Martin’s addressable market in air and drone defense as global conflict drives demand for more interceptors and counter-swarm systems. PR Newswire article on PAC-3 ACE
• Neutral Sentiment: Wall Street is looking for revenue growth in Lockheed Martin’s Q2 results, supported by a strong defense backlog, but margins may take longer to recover. Zacks article on buying before earnings
• Neutral Sentiment: Analysts are also focused on Q2 metric projections ahead of earnings, with investors watching for signs of execution and backlog conversion. Zacks article on Q2 projections
• Negative Sentiment: Lockheed Martin’s hypersonic missile program is facing production issues and quality-defect concerns, adding execution risk to a major defense program. Yahoo Finance article on hypersonic delays

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.