WealthPlan Investment Management LLC Lowers Holdings in Lockheed Martin Corporation $LMT

WealthPlan Investment Management LLC lessened its stake in Lockheed Martin Corporation (NYSE:LMT) by 36.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,247 shares of the aerospace company’s stock after selling 7,527 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Lockheed Martin were worth $6,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its position in shares of Lockheed Martin by 9.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 39,410 shares of the aerospace company’s stock worth $19,674,000 after purchasing an additional 3,352 shares during the last quarter. Welch Group LLC raised its position in Lockheed Martin by 1.5% in the 4th quarter. Welch Group LLC now owns 132,684 shares of the aerospace company’s stock worth $64,175,000 after buying an additional 1,999 shares during the last quarter. Jain Global LLC purchased a new position in Lockheed Martin in the 3rd quarter worth about $38,064,000. Atlantic Union Bankshares Corp raised its position in Lockheed Martin by 182.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 37,014 shares of the aerospace company’s stock worth $18,478,000 after buying an additional 23,888 shares during the last quarter. Finally, Clough Capital Partners L P purchased a new position in Lockheed Martin in the 3rd quarter worth about $31,018,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on LMT. Royal Bank Of Canada decreased their target price on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating for the company in a research report on Friday, April 24th. Wells Fargo & Company began coverage on Lockheed Martin in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 target price for the company. Deutsche Bank Aktiengesellschaft decreased their target price on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research report on Friday, April 24th. The Goldman Sachs Group boosted their target price on Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a research report on Monday, February 2nd. Finally, Susquehanna decreased their target price on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and an average target price of $628.63.

Lockheed Martin Trading Down 0.8%

Lockheed Martin stock opened at $516.25 on Friday. The business has a 50-day simple moving average of $590.88 and a two-hundred day simple moving average of $554.68. The company has a market cap of $119.03 billion, a P/E ratio of 25.00, a P/E/G ratio of 0.93 and a beta of 0.10. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $692.00. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74.

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

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be paid a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, June 1st. Lockheed Martin’s payout ratio is currently 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.