United Asset Strategies Inc. Sells 4,806 Shares of Lockheed Martin Corporation $LMT

United Asset Strategies Inc. trimmed its stake in Lockheed Martin Corporation (NYSE:LMT) by 13.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 29,930 shares of the aerospace company’s stock after selling 4,806 shares during the period. Lockheed Martin accounts for about 1.4% of United Asset Strategies Inc.’s holdings, making the stock its 18th largest position. United Asset Strategies Inc.’s holdings in Lockheed Martin were worth $18,090,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Brighton Jones LLC increased its stake in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after acquiring an additional 191 shares during the period. Sivia Capital Partners LLC lifted its position in shares of Lockheed Martin by 5.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after acquiring an additional 50 shares during the period. Schnieders Capital Management LLC. grew its holdings 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 holdings 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. increased its position in shares of Lockheed Martin by 18.2% during the second quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company’s stock valued at $40,092,000 after purchasing an additional 13,300 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin News Roundup

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

• Positive Sentiment: Lockheed Martin and Rheinmetall signed an MOU to jointly produce ATACMS missiles in Germany, marking the first planned manufacture of the short-range ballistic missile outside the U.S. and opening the door to more European defense revenue. Reuters article
• Positive Sentiment: Lockheed Martin also announced progress on PAC-3 sustainment across Europe, including discussions of a dedicated missile maintenance facility, which could support recurring service and sustainment income. Yahoo Finance article
• Positive Sentiment: NATO-related defense deals highlighted billions of dollars in new contracts and backlogs for major defense names, including Lockheed Martin, reinforcing demand visibility for the company’s weapons systems. Reuters article
• Positive Sentiment: Lockheed Martin agreed to acquire Ultra Maritime for $3.45 billion, strengthening its anti-submarine warfare and undersea defense capabilities and broadening its naval portfolio. Reuters article
• Neutral Sentiment: Reports that Trump wants Sikorsky to help fund a new White House helipad are more of a political headline than a clear earnings driver, so the stock impact is likely limited. Benzinga article

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LMT shares. Citigroup upgraded Lockheed Martin from a “neutral” rating to a “buy” rating and upped their target price for the company from $571.00 to $582.00 in a research note on Wednesday, July 1st. Wall Street Zen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings cut shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Wells Fargo & Company began coverage on shares of Lockheed Martin in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 target price on the stock. Finally, Jefferies Financial Group set a $575.00 target price on shares of Lockheed Martin in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and an average target price of $613.63.

Lockheed Martin Price Performance

NYSE:LMT traded down $0.95 during trading hours on Tuesday, reaching $537.05. The company had a trading volume of 249,559 shares, compared to its average volume of 1,611,176. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The stock has a 50-day moving average of $520.46 and a two-hundred day moving average of $569.22. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $692.00. The firm has a market capitalization of $123.82 billion, a PE ratio of 26.04, a PEG ratio of 0.99 and a beta of 0.11.

Lockheed Martin (NYSE:LMT) last issued 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 the consensus estimate of $18.38 billion. During the same period in the previous year, the business posted $7.28 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Analysts forecast that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 1st were given a $3.45 dividend. The ex-dividend date was Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.6%. 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.