Kestra Private Wealth Services LLC Has $27.81 Million Stake in Lockheed Martin Corporation $LMT

Kestra Private Wealth Services LLC decreased its position in Lockheed Martin Corporation (NYSE:LMT) by 3.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 46,016 shares of the aerospace company’s stock after selling 1,721 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Lockheed Martin were worth $27,812,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in Lockheed Martin by 107.3% in the fourth quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock valued at $625,784,000 after acquiring an additional 669,604 shares during the last quarter. Morgan Stanley grew its position in Lockheed Martin by 10.1% in the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock worth $2,770,729,000 after acquiring an additional 527,523 shares in the last quarter. Sanders Capital LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter worth $252,699,000. Corient Private Wealth LLC increased its stake in shares of Lockheed Martin by 203.3% during the 4th quarter. Corient Private Wealth LLC now owns 560,363 shares of the aerospace company’s stock worth $271,031,000 after purchasing an additional 375,622 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Lockheed Martin by 286.1% during the 3rd quarter. First Trust Advisors LP now owns 503,428 shares of the aerospace company’s stock worth $251,316,000 after purchasing an additional 373,027 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin News Summary

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

• Positive Sentiment: The U.S. government awarded Lockheed Martin a seven-year contract action worth up to $35 billion to quadruple production of THAAD missile interceptors, a major win that should boost revenue visibility and strengthen the company’s defense backlog. Article Title
• Positive Sentiment: The THAAD award comes as the U.S. is pushing defense contractors to ramp up weapons production, suggesting Lockheed could benefit from sustained demand tied to replenishing missile stockpiles and higher military readiness spending. Article Title
• Neutral Sentiment: Lockheed Martin also appeared in comparison and investor-interest coverage, which highlights ongoing attention to its valuation, backlog, and debt profile, but these pieces did not present a clear new catalyst. Article Title
• Negative Sentiment: The stock has been falling more than the broader market recently, with recent articles pointing to weakness over the last couple of sessions and investor concern around geopolitical noise and near-term momentum. Article Title

Analyst Ratings Changes

Several equities research analysts recently issued reports on LMT shares. Bank of America reduced their price objective on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Morgan Stanley lowered their target price on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings downgraded Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $620.68.

Lockheed Martin Stock Performance

Shares of LMT opened at $491.80 on Thursday. The company has a market capitalization of $113.39 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 0.91 and a beta of 0.10. 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 Corporation has a one year low of $410.11 and a one year high of $692.00. The company’s fifty day moving average price is $530.43 and its 200 day moving average price is $566.81.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $18.38 billion. During the same period in the prior year, the business posted $7.28 earnings per share. The company’s revenue for the quarter 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, analysts expect that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be given a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin’s payout ratio is currently 66.83%.

About Lockheed Martin

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.