Wealth Enhancement Trust Services Inc. Sells 1,894 Shares of Lockheed Martin Corporation $LMT

Wealth Enhancement Trust Services Inc. lessened its position in Lockheed Martin Corporation (NYSE:LMT) by 32.7% in the third quarter, HoldingsChannel.com reports. The fund owned 3,903 shares of the aerospace company’s stock after selling 1,894 shares during the period. Wealth Enhancement Trust Services Inc.’s holdings in Lockheed Martin were worth $1,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Basso Capital Management L.P. bought a new stake in Lockheed Martin in the fourth quarter valued at approximately $25,000. Burnham & Co LLC bought a new position in Lockheed Martin in the 2nd quarter valued at about $25,000. Clarity Asset Management Inc. acquired a new stake in Lockheed Martin during the fourth quarter worth approximately $26,000. Field & Main Bank bought a new stake in shares of Lockheed Martin during the second quarter worth approximately $26,000. Finally, Bard Associates Inc. acquired a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $27,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

LMT traded down $10.99 during trading on Wednesday, hitting $499.13. 1,073,741 shares of the stock traded hands, compared to its average volume of 1,451,960. The business has a 50 day moving average price of $550.68 and a 200 day moving average price of $548.23. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. Lockheed Martin Corporation has a twelve month low of $437.25 and a twelve month high of $692.00. The company has a market cap of $115.19 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 1.10 and a beta of 0.09.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. The business had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities research analysts forecast that Lockheed Martin Corporation will post 30.44 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st were paid a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 50.87%.

Analysts Set New Price Targets

LMT has been the subject of a number of recent research reports. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a research report on Wednesday, September 2nd. UBS Group upgraded shares of Lockheed Martin from a “neutral” rating to a “buy” rating and increased their target price for the stock from $581.00 to $674.00 in a research report on Tuesday, September 8th. Weiss Ratings cut Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 24th. Rothschild & Co Redburn started coverage on Lockheed Martin in a research note on Tuesday. They set a “buy” rating and a $650.00 price objective on the stock. Finally, Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and an average target price of $638.21.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: Analyst upgrade provides a significant upside signal. Rothschild & Co Redburn initiated coverage with a “buy”/“strong-buy” rating and a $650 price target, implying substantial potential upside from recent trading levels. Rothschild & Co Redburn upgrades Lockheed Martin
• Positive Sentiment: New defense awards strengthen revenue visibility. Lockheed Martin received a $209 million U.S. Navy electronic-warfare contract modification, with options that could raise the total value to approximately $1.71 billion. The company also secured a $245 million modification for a second IRST Block II order. Lockheed Martin electronic warfare contract
• Positive Sentiment: International and missile-defense programs continue progressing. Morocco’s first F-16 Block 72 completed its initial flight, supporting Lockheed Martin’s international aircraft backlog. Separately, GM Defense delivered components for the PAC-3 Missile Segment Enhancement program, which may help the company respond to strong interceptor demand. Morocco F-16 Block 72 first flight
• Neutral Sentiment: Investors are awaiting the third-quarter earnings report. A pre-earnings analysis described LMT as attractive after its pullback, but the report also highlights the risk that results, guidance or program execution could determine the next major move. Lockheed Martin Q3 earnings preview
• Negative Sentiment: Relative underperformance is weighing on sentiment. Coverage notes that LMT has lagged the S&P 500 and remains far below its 52-week high. That weakness may reflect investor concerns about growth, program execution and whether defense-sector optimism is already reflected in valuations. Lockheed Martin is cheap and lagging

Lockheed Martin Profile

Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.

Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.