NBT Bank N.A. Buys New Stake in Lockheed Martin Corporation $LMT

NBT Bank N.A. bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,235 shares of the aerospace company’s stock, valued at approximately $4,194,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. State Street Corp lifted its holdings in shares of 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 purchasing an additional 419,582 shares during the period. BlackRock Inc. bought a new stake in shares of Lockheed Martin in the second quarter worth $9,617,574,000. Corient Private Wealth LP grew its stake in shares of Lockheed Martin by 3,983.3% in the second 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 during the last quarter. Bank of New York Mellon Corp acquired a new stake in Lockheed Martin in the second quarter valued at $645,258,000. Finally, Diamant Asset Management Inc. increased its holdings in Lockheed Martin by 60,339.0% in the first quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock valued at $531,493,000 after purchasing an additional 877,932 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 6.7%

Shares of NYSE LMT opened at $588.64 on Friday. The company’s 50 day moving average price is $538.59 and its 200-day moving average price is $541.86. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00. The company has a market capitalization of $135.85 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 1.19 and a beta of 0.09.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share for the quarter, topping the consensus estimate of $7.52 by $0.45. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company had revenue of $20.71 billion during the quarter, compared to analysts’ expectations of $20.48 billion. During the same period in the prior year, the company posted $6.95 earnings per share. Lockheed Martin’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities analysts forecast that Lockheed Martin Corporation will post 30.43 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be issued a $3.60 dividend. The ex-dividend date is Tuesday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.45. This represents a $14.40 annualized dividend and a yield of 2.4%. Lockheed Martin’s dividend payout ratio (DPR) is presently 50.87%.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: Q3 results exceeded expectations. Lockheed Martin reported adjusted earnings of $7.97 per share versus the $7.52 consensus estimate, while sales rose 11.3% year over year to $20.71 billion, ahead of the $20.48 billion forecast. Net earnings increased 14% to $1.85 billion. Lockheed Martin Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 outlook. The company now expects approximately $80 billion to $82 billion in 2026 sales and diluted EPS of $30.35 to $30.75, signaling continued confidence in defense demand and production growth. Lockheed lifts annual forecast as missile, jet production ramps up
• Positive Sentiment: Record backlog provides significant revenue visibility. Backlog reached approximately $292 billion, including $52.5 billion tied to the multiyear PAC-3 Missile Segment Enhancement award. All four business segments posted sales growth, led by a 24% increase in Missiles and Fire Control. Defense Giant Lockheed Martin Raises 2026 Outlook
• Positive Sentiment: New F-35 framework strengthens long-term demand. The Pentagon and Lockheed Martin agreed on a 10-year framework covering production of 850 F-35 aircraft. In exchange for greater order certainty, Lockheed plans to invest about $7 billion in projects supporting the program, including supply-chain and sustainment efforts. Lockheed and Pentagon strike initial deal to produce 850 F-35 jets
• Neutral Sentiment: Operating cash flow was $3.4 billion and free cash flow was $3.0 billion, supporting the company’s financial position, although investors will monitor execution as missile and aircraft production ramps up. Lockheed Martin Q3 Sales Rise 11% to $20.7 Billion

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. Rothschild & Co Redburn initiated coverage on Lockheed Martin in a research report on Tuesday, October 6th. They issued a “buy” rating and a $650.00 price target on the stock. Royal Bank Of Canada reduced their price target on Lockheed Martin from $600.00 to $550.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 15th. Robert W. Baird set a $700.00 price target on Lockheed Martin in a research note on Friday, July 24th. Finally, Barclays started coverage on Lockheed Martin in a research report on Friday, October 9th. They set an “equal weight” rating and a $554.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $627.10.

Lockheed Martin Profile

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.