Radnor Capital Management LLC Reduces Position in Lockheed Martin Corporation $LMT

Radnor Capital Management LLC decreased its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 36.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,685 shares of the aerospace company’s stock after selling 975 shares during the quarter. Radnor Capital Management LLC’s holdings in Lockheed Martin were worth $815,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Oppenheimer & Co. Inc. boosted its stake in Lockheed Martin by 9.3% in the third quarter. Oppenheimer & Co. Inc. now owns 39,410 shares of the aerospace company’s stock valued at $19,674,000 after acquiring an additional 3,352 shares during the period. Welch Group LLC boosted its stake in Lockheed Martin by 1.5% in the fourth quarter. Welch Group LLC now owns 132,684 shares of the aerospace company’s stock valued at $64,175,000 after acquiring an additional 1,999 shares during the period. Jain Global LLC acquired a new position in Lockheed Martin in the third quarter valued at approximately $38,064,000. Atlantic Union Bankshares Corp boosted its stake in Lockheed Martin by 182.0% in the third quarter. Atlantic Union Bankshares Corp now owns 37,014 shares of the aerospace company’s stock valued at $18,478,000 after acquiring an additional 23,888 shares during the period. Finally, Clough Capital Partners L P acquired a new position in Lockheed Martin in the third quarter valued at approximately $31,018,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Susquehanna decreased their target price on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research note on Friday, April 24th. BNP Paribas Exane decreased their target price 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. JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Finally, Bank of America decreased their target price on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. One research 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 given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $620.68.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed Martin was selected for Australia’s Virginia-class submarine combat systems, a reminder that the company continues to win large international defense work. Lockheed Martin chosen for Australia’s Virginia-class submarine combat systems
• Positive Sentiment: A successful seeker test for the QuadStar missile competing for the Army’s NGSRI program suggests continued progress on a potential growth opportunity. Lockheed Conducts Successful Seeker Test For QuadStar Missile Competing For Army’s NGSRI
• Positive Sentiment: Investor interest in defense names remains supportive, with Lockheed highlighted as a trending stock and defense funds attracting attention amid higher NATO spending. Here is What to Know Beyond Why Lockheed Martin Corporation (LMT) is a Trending Stock
• Positive Sentiment: Hancock Prospecting’s $97 million investment in U.S. defense contractors, including Lockheed Martin, adds a vote of confidence in the sector. Gina Rinehart Deploys $97M Into U.S. Defense Giants RTX, Lockheed Martin, and Northrop Grumman
• Neutral Sentiment: Sanford C. Bernstein trimmed its price target to $614 from $661, but still sees room above the current share price and kept a Market Perform view. Lockheed Martin (NYSE:LMT) Given New $614.00 Price Target at Sanford C. Bernstein
• Negative Sentiment: Citigroup cut its price target to $571 from $675 and maintained a Neutral rating, reinforcing concerns that the stock may stay range-bound near term. Lockheed Martin (NYSE:LMT) Given New $571.00 Price Target at Citigroup

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $526.34 on Wednesday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $692.00. The stock has a market cap of $121.35 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 0.96 and a beta of 0.10. The stock’s 50 day moving average price is $585.44 and its 200 day moving average price is $555.74. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94.

Lockheed Martin (NYSE:LMT) last announced its earnings results 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 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 period in the previous year, the firm earned $7.28 EPS. Lockheed Martin’s revenue for the quarter was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities research analysts anticipate that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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

Lockheed Martin 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.