Harvest Investment Advisors LLC Invests $1.79 Million in Lockheed Martin Corporation $LMT

Harvest Investment Advisors LLC purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,709 shares of the aerospace company’s stock, valued at approximately $1,794,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Cerro Pacific Wealth Advisors LLC grew its position in Lockheed Martin by 1.2% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock worth $665,000 after buying an additional 16 shares during the period. Garner Asset Management Corp grew its position in Lockheed Martin by 0.9% during the fourth 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 during the period. Davis R M Inc. grew its position in Lockheed Martin by 1.3% during the fourth 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 during the period. Broadway Wealth Solutions Inc. grew its position in Lockheed Martin by 3.6% during the fourth 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 Lockheed Martin by 0.7% during the fourth 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 currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 1.1%

LMT stock opened at $536.16 on Wednesday. The company’s 50 day simple moving average is $544.52 and its 200-day simple moving average is $564.30. The firm has a market capitalization of $123.62 billion, a PE ratio of 25.96, a P/E/G ratio of 0.96 and a beta of 0.10. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $692.00. 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 released its quarterly 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). The business had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities analysts expect that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be paid a dividend of $3.45 per share. 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 presently 66.83%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Bank of America lowered their target price on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. DZ Bank upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Argus upped their target price on shares of Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Finally, TD Cowen lowered their target price on shares of Lockheed Martin from $670.00 to $600.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $620.68.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: Lockheed Martin and GM announced a new partnership to collaborate on defense projects, potentially improving weapons production capacity and supply-chain resilience. Lockheed Martin, GM Defense Collaborate to Strengthen America’s Manufacturing and Defense Industrial Base
• Positive Sentiment: Lockheed is also benefiting from a reported $223.9 million U.S. Navy sonar-related contract, adding to its backlog and supporting near-term defense demand. Is Lockheed Martin Strengthening Its Sonar Defense Capabilities?
• Neutral Sentiment: Analysts and market commentary continue to highlight Lockheed’s large backlog, dividend, and defense modernization exposure, which may cushion the stock even as broader geopolitical headlines shift. Flying Under the Radar: Lockheed Martin’s $2.8 Billion Stealth Setup
• Negative Sentiment: The stock is still being influenced by an earlier earnings miss, when Lockheed reported EPS and revenue below expectations, reminding investors that near-term execution remains uneven. Lockheed Martin earnings report

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.