IFP Advisors Inc Sells 2,140 Shares of Lockheed Martin Corporation $LMT

IFP Advisors Inc cut its holdings in Lockheed Martin Corporation (NYSE:LMT) by 17.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,332 shares of the aerospace company’s stock after selling 2,140 shares during the quarter. IFP Advisors Inc’s holdings in Lockheed Martin were worth $5,264,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. California State Teachers Retirement System raised its stake in Lockheed Martin by 49,985.5% during the second quarter. California State Teachers Retirement System now owns 163,027,709 shares of the aerospace company’s stock valued at $83,056,097,000 after purchasing an additional 162,702,210 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Lockheed Martin in the 2nd quarter worth $9,617,574,000. Charles Schwab Investment Management Inc. grew its stake in shares of Lockheed Martin by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock worth $4,178,399,000 after buying an additional 114,900 shares in the last quarter. Corient Private Wealth LP bought a new stake in shares of Lockheed Martin in the 2nd quarter worth about $101,960,000. Finally, Morgan Stanley increased its holdings in shares of Lockheed Martin by 10.1% in the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock worth $2,770,729,000 after buying an additional 527,523 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Key Headlines Impacting Lockheed Martin

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

• Positive Sentiment: Ukraine-related Patriot demand: The European Union approved Ukraine’s purchase of Patriot air-defense systems, potentially benefiting Lockheed Martin as Western governments replenish missile inventories and expand their arsenals. Lockheed Poised to Benefit as EU Approves Ukraine’s Purchase of Patriot Missiles
• Positive Sentiment: UBS upgrade and missile growth outlook: UBS upgraded LMT to Buy from Neutral and raised its price target to $674 from $581, citing underappreciated missile demand, F-35 sustainment revenue and other multiyear defense programs. UBS projects Lockheed’s missiles and fire-control revenue could grow 150% through 2030. UBS upgrades Lockheed Martin to Buy, sees 26% upside on missile growth
• Positive Sentiment: International order activity: Sweden agreed to purchase a Lockheed Martin missile system in a deal valued at approximately $729 million, adding to evidence of strong global demand. Sweden to buy Lockheed Martin missile system in $729M deal
• Positive Sentiment: PAC-3 production support: Lockheed awarded L3Harris a $4.7 billion contract for PAC-3 MSE propulsion, supporting the expansion of a key missile-defense program and its supply chain. Lockheed Martin Awards L3Harris $4.7 Billion PAC-3 MSE Propulsion Contract
• Neutral Sentiment: Sector sentiment remains mixed: Analysts continue to view rising global defense budgets as a multiyear tailwind, but defense stocks have recently lagged amid broader market and geopolitical uncertainty. The contrast may be encouraging short-term consolidation even as LMT’s long-term outlook improves. Time to Buy the Dip on Defense Stocks?

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LMT shares. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a research report on Wednesday, September 2nd. Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. Citigroup boosted their price objective on Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Wells Fargo & Company set a $600.00 price objective on Lockheed Martin in a research report on Monday, July 27th. Finally, Royal Bank Of Canada raised their price objective on Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $637.56.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $524.85 on Thursday. The firm has a 50-day moving average price of $556.64 and a 200-day moving average price of $567.05. The firm has a market capitalization of $121.13 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 1.17 and a beta of 0.10. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. Lockheed Martin Corporation has a 12-month low of $437.25 and a 12-month high of $692.00.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the prior year, the firm posted $1.46 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities research analysts forecast that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is presently 50.87%.

About Lockheed Martin

Lockheed Martin Corporation is a global aerospace, defense and technology company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense serving as its largest customer. Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

The company’s products and services include military aircraft such as the F-35 Lightning II, F-16 and C-130; air and missile defense systems; precision weapons; helicopters and maritime systems; radar, sensors and command-and-control technologies; satellites; space exploration systems; and missile-warning and strategic defense capabilities.

Lockheed Martin was created in 1995 through the merger of Lockheed Corporation and Martin Marietta.