PNC Financial Services Group Inc. Has $242.11 Million Stock Position in Lockheed Martin Corporation $LMT

PNC Financial Services Group Inc. lowered its stake in Lockheed Martin Corporation (NYSE:LMT) by 6.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 500,573 shares of the aerospace company’s stock after selling 34,876 shares during the period. PNC Financial Services Group Inc.’s holdings in Lockheed Martin were worth $242,112,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of LMT. Brighton Jones LLC grew its stake in Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after buying an additional 191 shares during the last quarter. Sivia Capital Partners LLC grew its position in shares of Lockheed Martin by 5.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after purchasing an additional 50 shares in the last quarter. Schnieders Capital Management LLC. grew its position in shares of Lockheed Martin by 17.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock worth $676,000 after purchasing an additional 215 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of Lockheed Martin by 36.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock worth $1,042,000 after purchasing an additional 595 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Lockheed Martin by 18.2% during the 2nd quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company’s stock worth $40,092,000 after purchasing an additional 13,300 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Key Headlines Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed Martin was selected for Australia’s Virginia-class submarine combat systems, a reminder that the company continues to win large international defense work. Lockheed Martin chosen for Australia’s Virginia-class submarine combat systems
• Positive Sentiment: A successful seeker test for the QuadStar missile competing for the Army’s NGSRI program suggests continued progress on a potential growth opportunity. Lockheed Conducts Successful Seeker Test For QuadStar Missile Competing For Army’s NGSRI
• Positive Sentiment: Investor interest in defense names remains supportive, with Lockheed highlighted as a trending stock and defense funds attracting attention amid higher NATO spending. Here is What to Know Beyond Why Lockheed Martin Corporation (LMT) is a Trending Stock
• Positive Sentiment: Hancock Prospecting’s $97 million investment in U.S. defense contractors, including Lockheed Martin, adds a vote of confidence in the sector. Gina Rinehart Deploys $97M Into U.S. Defense Giants RTX, Lockheed Martin, and Northrop Grumman
• Neutral Sentiment: Sanford C. Bernstein trimmed its price target to $614 from $661, but still sees room above the current share price and kept a Market Perform view. Lockheed Martin (NYSE:LMT) Given New $614.00 Price Target at Sanford C. Bernstein
• Negative Sentiment: Citigroup cut its price target to $571 from $675 and maintained a Neutral rating, reinforcing concerns that the stock may stay range-bound near term. Lockheed Martin (NYSE:LMT) Given New $571.00 Price Target at Citigroup

Analysts Set New Price Targets

LMT has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Jefferies Financial Group restated a “hold” rating and set a $595.00 target price on shares of Lockheed Martin in a research report on Sunday, April 26th. Wall Street Zen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Finally, The Goldman Sachs Group increased their target price on shares of Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a research report on Monday, February 2nd. One equities 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average price target of $620.68.

Lockheed Martin Trading Down 0.4%

Shares of LMT stock opened at $526.34 on Wednesday. The stock’s fifty day moving average price is $585.44 and its two-hundred day moving average price is $555.74. The company has a market cap of $121.35 billion, a PE ratio of 25.49, a P/E/G ratio of 0.96 and a beta of 0.10. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two 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.

Lockheed Martin (NYSE:LMT) last issued its 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 business had revenue of $18.02 billion during 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%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities analysts predict that Lockheed Martin Corporation will post 29.88 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) 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.