Keybank National Association OH Grows Stake in Lockheed Martin Corporation $LMT

Keybank National Association OH grew its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 13.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,972 shares of the aerospace company’s stock after purchasing an additional 3,630 shares during the quarter. Keybank National Association OH’s holdings in Lockheed Martin were worth $18,719,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Mitchell & Pahl Private Wealth LLC grew its stake in shares of Lockheed Martin by 6.1% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 1,741 shares of the aerospace company’s stock valued at $1,052,000 after buying an additional 100 shares in the last quarter. Royal Harbor Partners LLC acquired a new position in Lockheed Martin during the 1st quarter worth approximately $219,000. Physician Wealth Advisors Inc. boosted its holdings in Lockheed Martin by 90.5% in the 1st quarter. Physician Wealth Advisors Inc. now owns 80 shares of the aerospace company’s stock worth $48,000 after acquiring an additional 38 shares during the period. TSG Advice Partners LLC purchased a new position in Lockheed Martin in the 1st quarter worth approximately $256,000. Finally, Root Financial Partners LLC grew its position in Lockheed Martin by 16.6% in the first quarter. Root Financial Partners LLC now owns 793 shares of the aerospace company’s stock valued at $479,000 after acquiring an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. JPMorgan Chase & Co. decreased their target price on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Jefferies Financial Group set a $575.00 price target on shares of Lockheed Martin in a report on Thursday, June 25th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Finally, BNP Paribas Exane cut their price objective on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $613.63.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: Lockheed Martin is reportedly close to winning the race for Ultra Maritime, a naval defense specialist, in a deal that could value the business at roughly $3.5 billion and may be announced as soon as next week. Lockheed Closes In on $3.5 Billion Ultra Maritime Deal
• Positive Sentiment: Lockheed continues to benefit from major defense contract wins, including a large THAAD interceptor production award and a Sentinel A4 radar contract, which support revenue visibility and underscore strong demand for missile-defense systems. Why Lockheed Martin (LMT) Is Up 6.1% After Massive Missile-Defense Contracts And Index Shift
• Neutral Sentiment: Analysts are looking ahead to Lockheed Martin’s Q2 earnings report on July 23, with expectations calling for a slight decline in earnings, so investors may stay cautious until results are released. What to Expect From Lockheed Martin’s Next Quarterly Earnings Report
• Negative Sentiment: Some commentary remains focused on Lockheed’s recent uneven quarter, with program charges and weaker cash flow still seen as a risk even after the stock’s rebound. General Dynamics Vs. Lockheed Martin: Buy General Dynamics for Deep Marine Backlogs

Lockheed Martin Stock Performance

Shares of LMT opened at $544.75 on Friday. The firm has a market cap of $125.60 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 0.99 and a beta of 0.11. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The business’s 50 day moving average is $520.46 and its two-hundred day moving average is $568.63. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $692.00.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The company had revenue of $18.02 billion for the quarter, compared to analyst estimates of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Analysts forecast that Lockheed Martin Corporation will post 29.88 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 1st were paid a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, June 1st. Lockheed Martin’s dividend payout ratio is 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.