Westpac Banking Corp Sells 1,061 Shares of Lockheed Martin Corporation $LMT

Westpac Banking Corp lessened its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 39.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,642 shares of the aerospace company’s stock after selling 1,061 shares during the quarter. Westpac Banking Corp’s holdings in Lockheed Martin were worth $992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. IAG Wealth Partners LLC lifted its position in Lockheed Martin by 4,800.0% during the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 48 shares in the last quarter. United Financial Planning Group LLC bought a new stake in Lockheed Martin during the third quarter valued at about $25,000. Basso Capital Management L.P. purchased a new stake in Lockheed Martin in the fourth quarter worth about $25,000. Clarity Asset Management Inc. purchased a new stake in Lockheed Martin in the fourth quarter worth about $26,000. Finally, TD Capital Management LLC raised its stake in shares of Lockheed Martin by 450.0% in the fourth quarter. TD Capital Management LLC now owns 55 shares of the aerospace company’s stock worth $27,000 after buying an additional 45 shares during the period. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Citigroup upgraded shares of Lockheed Martin from a “neutral” rating to a “buy” rating and raised their target price for the stock from $571.00 to $582.00 in a research note on Wednesday, July 1st. Susquehanna decreased their target price on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a research note on Friday, April 24th. TD Cowen lowered their price target on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Finally, Bank of America dropped their price target on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” 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, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $615.78.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: Lockheed Martin declared a third-quarter 2026 dividend of $3.45 per share, reinforcing its shareholder-return story and signaling confidence in cash generation. Lockheed Martin Declares Third Quarter 2026 Dividend
• Positive Sentiment: The company is set to report Q2 results soon, and investors are focused on whether stronger defense spending and renewed Middle East tensions will support orders, backlog, and guidance. Lockheed Martin to report Q2 as Mideast tension renews
• Positive Sentiment: Lockheed recently unveiled a lower-cost Patriot interceptor and announced a propulsion technology partnership with Venus Aerospace, which could strengthen its long-term competitiveness in missile defense and precision-strike systems. Lockheed Martin Unveils Patriot Missile That Could Cost Less Than Half the Current Interceptor as Ukraine, Middle East Conflicts Drive Demand
• Neutral Sentiment: Analyst and market commentary pieces are largely centered on valuation and the upcoming earnings release, with no major new downside surprise in the news flow. Lockheed Martin Reports Q2 Earnings Tomorrow. Here is What Investors Should Expect.
• Negative Sentiment: Some traders are worried that Lockheed’s cheaper Patriot missile could pressure margins if pricing concessions outweigh volume gains, creating a potential near-term earnings concern. Why Lockheed Martin Stock Dropped Tuesday Morning

Lockheed Martin Stock Up 1.5%

Shares of LMT opened at $514.50 on Thursday. The business’s 50 day moving average is $521.47 and its 200 day moving average is $572.63. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a 12-month low of $411.00 and a 12-month high of $692.00. The company has a market capitalization of $118.62 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 0.91 and a beta of 0.11.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data 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). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The company had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. During the same period last year, the business earned $7.28 earnings per share. The company’s quarterly revenue was up .3% compared to the same quarter last year. Research analysts expect that Lockheed Martin Corporation will post 29.92 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s payout ratio is 66.83%.

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.