Manning & Napier Advisors LLC Cuts Holdings in Lockheed Martin Corporation $LMT

Manning & Napier Advisors LLC trimmed its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 15.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,004 shares of the aerospace company’s stock after selling 3,618 shares during the period. Manning & Napier Advisors LLC’s holdings in Lockheed Martin were worth $9,762,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ethic Inc. increased its holdings in shares of Lockheed Martin by 1.1% in the 4th quarter. Ethic Inc. now owns 6,216 shares of the aerospace company’s stock valued at $3,007,000 after purchasing an additional 68 shares in the last quarter. Buck Wealth Strategies LLC increased its holdings in shares of Lockheed Martin by 8.3% in the 4th quarter. Buck Wealth Strategies LLC now owns 25,291 shares of the aerospace company’s stock valued at $12,232,000 after purchasing an additional 1,932 shares in the last quarter. Capital City Trust Co. FL increased its holdings in shares of Lockheed Martin by 2.3% in the 4th quarter. Capital City Trust Co. FL now owns 6,609 shares of the aerospace company’s stock valued at $3,197,000 after purchasing an additional 147 shares in the last quarter. Lighthouse Financial Services Inc. ADV purchased a new position in shares of Lockheed Martin in the 4th quarter valued at about $1,010,000. Finally, Wesbanco Bank Inc. increased its holdings in shares of Lockheed Martin by 18.3% in the 4th quarter. Wesbanco Bank Inc. now owns 33,016 shares of the aerospace company’s stock valued at $15,969,000 after purchasing an additional 5,105 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. TD Cowen cut their price target on shares of Lockheed Martin from $670.00 to $600.00 and set a “hold” rating for the company in a report on Friday, April 24th. Morgan Stanley dropped their price objective on Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. Wells Fargo & Company began coverage on Lockheed Martin in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 price objective for the company. DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Finally, BNP Paribas Exane dropped their price objective on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $628.63.

Lockheed Martin Stock Performance

NYSE:LMT opened at $506.79 on Friday. 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 has a 50-day moving average price of $608.10 and a two-hundred day moving average price of $554.07. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00. The company has a market capitalization of $116.85 billion, a P/E ratio of 24.54, a price-to-earnings-growth ratio of 0.93 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last posted its 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 business had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. During the same quarter last year, the business posted $7.28 earnings per share. The business’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. As a group, research analysts expect that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

Key Lockheed Martin News

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

• Positive Sentiment: Geopolitical tension and a large new weapons package approved for Middle East allies are reinforcing long-term demand for defense systems, which could support Lockheed Martin’s backlog and revenue outlook. Rubio Approves $25.8 Billion in Weapons Push for Mideast Nations
• Positive Sentiment: Some market commentary argues the post-earnings selloff may have pushed Lockheed Martin into oversold territory, suggesting the weak quarter could be a one-off rather than a sign of a structural slowdown. Why Lockheed Martin’s Earnings Miss Could Be a Blessing in Disguise
• Neutral Sentiment: J.P. Morgan reaffirmed its Hold rating, and another note lowered its price target to $605, signaling caution but not a major deterioration in the long-term thesis. J.P. Morgan Sticks to Its Hold Rating for Lockheed Martin (LMT)
• Neutral Sentiment: Investor interest remains elevated, with recent articles highlighting Lockheed Martin as a closely watched value and defense stock rather than introducing a new company-specific catalyst. Is Trending Stock Lockheed Martin Corporation (LMT) a Buy Now?
• Negative Sentiment: The company’s latest earnings release missed on both top and bottom lines, which is the main fundamental reason investors are selling the stock. Why Lockheed Martin’s Earnings Miss Could Be a Blessing in Disguise

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.