NewEdge Wealth LLC Raises Stake in Lockheed Martin Corporation $LMT

NewEdge Wealth LLC grew its position in Lockheed Martin Corporation (NYSE:LMT) by 41.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,690 shares of the aerospace company’s stock after purchasing an additional 23,858 shares during the quarter. NewEdge Wealth LLC’s holdings in Lockheed Martin were worth $39,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oppenheimer & Co. Inc. lifted its position in shares of Lockheed Martin by 9.3% in the third quarter. Oppenheimer & Co. Inc. now owns 39,410 shares of the aerospace company’s stock valued at $19,674,000 after acquiring an additional 3,352 shares in the last quarter. Welch Group LLC raised its stake in Lockheed Martin by 1.5% during the 4th quarter. Welch Group LLC now owns 132,684 shares of the aerospace company’s stock valued at $64,175,000 after purchasing an additional 1,999 shares during the period. Jain Global LLC purchased a new position in Lockheed Martin in the 3rd quarter worth approximately $38,064,000. Clough Capital Partners L P purchased a new position in Lockheed Martin in the 3rd quarter worth approximately $31,018,000. Finally, Pacific Heights Asset Management LLC boosted its stake in Lockheed Martin by 33.9% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 75,000 shares of the aerospace company’s stock worth $37,441,000 after purchasing an additional 19,000 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin News Roundup

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

• Positive Sentiment: Geopolitical tension and a large new weapons package approved for Middle East allies are reinforcing long-term demand for defense systems, which could support Lockheed Martin’s backlog and revenue outlook. Rubio Approves $25.8 Billion in Weapons Push for Mideast Nations
• Positive Sentiment: Some market commentary argues the post-earnings selloff may have pushed Lockheed Martin into oversold territory, suggesting the weak quarter could be a one-off rather than a sign of a structural slowdown. Why Lockheed Martin’s Earnings Miss Could Be a Blessing in Disguise
• Neutral Sentiment: J.P. Morgan reaffirmed its Hold rating, and another note lowered its price target to $605, signaling caution but not a major deterioration in the long-term thesis. J.P. Morgan Sticks to Its Hold Rating for Lockheed Martin (LMT)
• Neutral Sentiment: Investor interest remains elevated, with recent articles highlighting Lockheed Martin as a closely watched value and defense stock rather than introducing a new company-specific catalyst. Is Trending Stock Lockheed Martin Corporation (LMT) a Buy Now?
• Negative Sentiment: The company’s latest earnings release missed on both top and bottom lines, which is the main fundamental reason investors are selling the stock. Why Lockheed Martin’s Earnings Miss Could Be a Blessing in Disguise

Lockheed Martin Stock Down 1.1%

Shares of LMT opened at $506.79 on Friday. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. The stock has a market capitalization of $116.85 billion, a price-to-earnings ratio of 24.54, a price-to-earnings-growth ratio of 0.92 and a beta of 0.10. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $692.00. The business’s 50 day simple moving average is $608.10 and its 200-day simple moving average is $554.07.

Lockheed Martin (NYSE:LMT) last posted 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). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $18.38 billion. During the same period last year, the business posted $7.28 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, equities analysts expect that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. BNP Paribas Exane cut their price objective on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a report on Friday, April 24th. Weiss Ratings lowered shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Citigroup raised their target price on shares of Lockheed Martin from $673.00 to $675.00 and gave the company a “neutral” rating in a research note on Wednesday, April 1st. Bank of America reduced their price target on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Finally, The Goldman Sachs Group boosted their price target on shares of Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and a consensus price target of $628.63.

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.