Lockheed Martin Corporation $LMT Shares Sold by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. decreased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 22.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,074 shares of the aerospace company’s stock after selling 3,735 shares during the period. Lockheed Martin makes up 1.2% of Hudson Edge Investment Partners Inc.’s portfolio, making the stock its 17th biggest holding. Hudson Edge Investment Partners Inc.’s holdings in Lockheed Martin were worth $7,902,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Basso Capital Management L.P. bought a new stake in Lockheed Martin during the fourth quarter worth approximately $25,000. United Financial Planning Group LLC acquired a new position in Lockheed Martin in the third quarter worth approximately $25,000. Clarity Asset Management Inc. bought a new position in shares of Lockheed Martin in the fourth quarter valued at $26,000. Triumph Capital Management increased its holdings in shares of Lockheed Martin by 66.7% in the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after buying an additional 22 shares in the last quarter. Finally, Bard Associates Inc. acquired a new stake in shares of Lockheed Martin during the 4th quarter valued at $27,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LMT. Citigroup raised Lockheed Martin from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $571.00 to $582.00 in a research note on Wednesday. Morgan Stanley reduced their target price on Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Sanford C. Bernstein reissued a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Finally, Wells Fargo & Company began coverage on Lockheed Martin in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and an average price target of $613.63.

Lockheed Martin Trading Down 0.2%

Lockheed Martin stock opened at $544.75 on Friday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. The firm has a market capitalization of $125.60 billion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 0.99 and a beta of 0.11. The company has a 50 day moving average price of $520.46 and a 200 day moving average price of $568.63.

Lockheed Martin (NYSE:LMT) last announced its 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). The firm had revenue of $18.02 billion for 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%. Lockheed Martin’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the firm earned $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Research analysts forecast that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 1st were given a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, June 1st. Lockheed Martin’s payout ratio is presently 66.83%.

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

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.