Lockheed Martin Corporation $LMT Stock Holdings Cut by SteelPeak Wealth LLC

SteelPeak Wealth LLC cut its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 68.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 738 shares of the aerospace company’s stock after selling 1,586 shares during the quarter. SteelPeak Wealth LLC’s holdings in Lockheed Martin were worth $376,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp increased its stake in shares of Lockheed Martin by 1.3% in the second quarter. State Street Corp now owns 32,975,170 shares of the aerospace company’s stock worth $16,799,530,000 after purchasing an additional 419,582 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Lockheed Martin in the second quarter valued at approximately $9,617,574,000. Corient Private Wealth LP bought a new stake in shares of Lockheed Martin in the second quarter valued at approximately $101,960,000. Bank of New York Mellon Corp purchased a new stake in shares of Lockheed Martin during the 2nd quarter valued at approximately $645,258,000. Finally, Legal & General Group Plc purchased a new stake in shares of Lockheed Martin during the 2nd quarter valued at approximately $497,469,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. TD Cowen cut their price objective on shares of Lockheed Martin from $600.00 to $570.00 and set a “hold” rating for the company in a report on Friday, October 9th. Royal Bank Of Canada lowered their target price on shares of Lockheed Martin from $600.00 to $550.00 and set a “sector perform” rating on the stock in a report on Thursday, October 15th. Barclays started coverage on Lockheed Martin in a research report on Friday, October 9th. They set an “equal weight” rating and a $554.00 target price on the stock. Sanford C. Bernstein cut their price target on Lockheed Martin from $629.00 to $564.00 and set a “market perform” rating for the company in a report on Wednesday, October 14th. Finally, Vertical Research raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $600.00 price target for the company in a report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Moderate Buy” and an average price target of $627.10.

Lockheed Martin News Roundup

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

• Positive Sentiment: New Army contracts support demand visibility. A Lockheed Martin–RTX joint venture won a $215 million U.S. Army contract for Javelin launchers, while Lockheed secured a separate $117.1 million Apache helicopter radar-support award. These deals reinforce the company’s backlog and recurring sustainment revenue. RTX and Lockheed Martin Javelin contract article Apache radar-support contract article
• Positive Sentiment: Missile-defense and munitions capacity remain strategic growth areas. Lockheed detailed the first Spike NLOS missile shots from the Army’s ISV-U platform, while a new Hadrian manufacturing arrangement is intended to expand munitions production. Separately, Karman Space & Defense announced a seven-year, $218 million agreement to supply THAAD shrouds to Lockheed, highlighting sustained demand for the missile-defense program. Spike NLOS testing article Lockheed and Hadrian munitions article Karman THAAD agreement article
• Positive Sentiment: Patriot demand could provide additional upside. Ukrainian President Volodymyr Zelenskiy discussed accelerating Patriot deliveries with Lockheed, potentially supporting production volumes and reinforcing the company’s role in allied air defense. Ukraine Patriot supplies article
• Neutral Sentiment: Investors are focused on the upcoming third-quarter report. Analysts are watching F-35 deliveries, backlog conversion and key operating metrics for evidence that strong defense demand is translating into revenue and cash flow. Lockheed earnings preview
• Neutral Sentiment: Cash generation is attractive but may signal investor caution. Lockheed’s reported free-cash-flow yield of 6.9% exceeds the S&P 500 median, supporting dividends and buybacks, although the discount may reflect expectations for slower growth. Lockheed cash-yield analysis
• Negative Sentiment: Political and competitive risks are weighing on sentiment. Analysts cite U.S. political uncertainty and rising competition, while new rare-earth sourcing rules could increase supply-chain costs beginning in 2027. The stock’s decline from its March peak and a potentially unfavorable technical pattern add to near-term caution. Lockheed risk analysis Rare-earth rules article

Lockheed Martin Price Performance

LMT stock opened at $548.92 on Wednesday. The firm has a 50 day moving average of $539.88 and a 200-day moving average of $542.60. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. Lockheed Martin Corporation has a 12 month low of $437.25 and a 12 month high of $692.00. The firm has a market capitalization of $126.69 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 1.19 and a beta of 0.09.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating the consensus estimate of $7.22 by $0.72. The company had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. Lockheed Martin’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 30.44 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 1st will be issued a $3.60 dividend. This represents a $14.40 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.45. Lockheed Martin’s payout ratio is 53.08%.

About Lockheed Martin

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.