Lockheed Martin Corporation $LMT Stock: Schwartz Investment Counsel Inc. Cuts Position

Schwartz Investment Counsel Inc. trimmed its holdings in Lockheed Martin Corporation (NYSE:LMT) by 3.8% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 62,500 shares of the aerospace company’s stock after selling 2,500 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Lockheed Martin were worth $31,828,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norris Financial Group LLC bought a new position in shares of Lockheed Martin in the 1st quarter worth approximately $2,321,000. CX Institutional grew its position in Lockheed Martin by 527.4% during the third quarter. CX Institutional now owns 18,415 shares of the aerospace company’s stock valued at $9,378,000 after buying an additional 15,480 shares during the period. Talon Private Wealth LLC bought a new stake in Lockheed Martin during the first quarter valued at approximately $3,743,000. Meeder Asset Management Inc. bought a new stake in Lockheed Martin during the second quarter valued at approximately $11,036,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in Lockheed Martin during the second quarter valued at approximately $4,796,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

More Lockheed Martin News

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

• Positive Sentiment: Lockheed Martin received a $694 million U.S. Air Force contract to produce its Air-Launched Rapid Response Weapon hypersonic missile. The award strengthens the company’s position in high-priority missile and hypersonic defense programs. Lockheed Martin to Add Air-Launched Hypersonic Missile to the American Arsenal of Freedom
• Positive Sentiment: Morgan Stanley upgraded LMT to Overweight and raised its price target to $835 from $690, arguing that a 10-year F-35 production and sustainment framework reduces significant revenue risk. The framework targets at least 850 aircraft and supports production of roughly 156 jets annually. Lockheed Martin’s F-35 Deal Could Change How Wall Street Values the Stock
• Positive Sentiment: Recent operating momentum remains strong. Third-quarter revenue increased about 11% year over year to $20.7 billion, adjusted earnings exceeded estimates, and backlog reached a record $292 billion. The company also raised its quarterly dividend, reinforcing confidence in future cash flow. Lockheed Martin Q3 2026: Shattering 9-Month Expectations With a Record $292B Backlog
• Positive Sentiment: Zacks upgraded Lockheed Martin to a Rank #2, or “Buy,” citing improving earnings prospects. JPMorgan also raised its price target to $665, although it maintained a Neutral rating.
• Negative Sentiment: The F-35 framework is not yet a fully binding multiyear contract; it depends on congressional authorization and appropriations. That political uncertainty could limit near-term upside and is likely contributing to profit-taking after the recent advance. Morgan Stanley Just Turned Bullish on Lockheed Martin After a Big Pentagon Deal

Lockheed Martin Stock Down 1.9%

LMT stock opened at $623.39 on Wednesday. Lockheed Martin Corporation has a twelve month low of $437.25 and a twelve month high of $692.00. The business’s 50-day moving average price is $541.33 and its 200-day moving average price is $567.38.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.52 by $0.45. The company had revenue of $20.71 billion for the quarter, compared to the consensus estimate of $20.48 billion. The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $6.95 earnings per share. On average, analysts expect that Lockheed Martin Corporation will post 30.55 EPS 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 given a $3.60 dividend. The ex-dividend date is Tuesday, December 1st. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.45. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.3%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Sanford C. Bernstein decreased their price target on shares of Lockheed Martin from $629.00 to $564.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 14th. Jefferies Financial Group reiterated a “hold” rating and set a $615.00 price target on shares of Lockheed Martin in a research note on Sunday. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. Bank of America reissued a “neutral” rating and set a $620.00 price objective on shares of Lockheed Martin in a research report on Monday. Finally, Royal Bank Of Canada upped their price objective on Lockheed Martin from $550.00 to $600.00 and gave the stock a “sector perform” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $638.05.

Lockheed Martin Company Profile

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.