Lockheed Martin Corporation $LMT Shares Sold by Wealth Enhancement Trust Services Inc.

Wealth Enhancement Trust Services Inc. cut its stake in Lockheed Martin Corporation (NYSE:LMT) by 32.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of LMT. State Street Corp raised its stake in Lockheed Martin by 1.3% during the second quarter. State Street Corp now owns 32,975,170 shares of the aerospace company’s stock worth $16,799,530,000 after acquiring an additional 419,582 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth about $9,617,574,000. Corient Private Wealth LP increased its position in shares of Lockheed Martin by 3,983.3% during the 2nd quarter. Corient Private Wealth LP now owns 7,110,961 shares of the aerospace company’s stock worth $3,622,750,000 after purchasing an additional 6,936,814 shares in the last quarter. Deutsche Bank AG boosted its position in Lockheed Martin by 7.4% in the fourth quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company’s stock valued at $696,891,000 after buying an additional 99,403 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Lockheed Martin during the second quarter worth about $645,258,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin News Roundup

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 Stock Down 2.2%

NYSE LMT traded down $10.99 during trading hours on Wednesday, reaching $499.13. 1,073,741 shares of the company’s stock were exchanged, compared to its average volume of 1,451,960. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The company has a market capitalization of $115.19 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 1.10 and a beta of 0.09. The company’s 50-day moving average is $550.68 and its two-hundred day moving average is $548.23. Lockheed Martin Corporation has a one year low of $437.25 and a one year high of $692.00.

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

Lockheed Martin Announces Dividend

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

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of recent analyst reports. Weiss Ratings lowered Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 24th. Robert W. Baird set a $700.00 price target on Lockheed Martin in a report on Friday, July 24th. UBS Group raised shares of Lockheed Martin from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $581.00 to $674.00 in a report on Tuesday, September 8th. Royal Bank Of Canada raised their price objective on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a research report on Friday, July 24th. Finally, Wells Fargo & Company set a $600.00 target price on shares of Lockheed Martin in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $638.21.

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.