Fulton Bank N.A. grew its holdings in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) by 30.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,660 shares of the aerospace company’s stock after acquiring an additional 1,325 shares during the period. Fulton Bank N.A.’s holdings in Lockheed Martin were worth $2,738,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in LMT. Sanders Capital LLC acquired a new stake in Lockheed Martin in the third quarter valued at $252,699,000. First Trust Advisors LP grew its holdings in Lockheed Martin by 286.1% during the 3rd quarter. First Trust Advisors LP now owns 503,428 shares of the aerospace company’s stock worth $251,316,000 after acquiring an additional 373,027 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Lockheed Martin by 169.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company’s stock worth $265,030,000 after acquiring an additional 359,748 shares in the last quarter. Holocene Advisors LP bought a new stake in shares of Lockheed Martin in the 2nd quarter worth about $92,628,000. Finally, Natixis increased its position in shares of Lockheed Martin by 1,478.6% in the 2nd quarter. Natixis now owns 203,859 shares of the aerospace company’s stock worth $94,415,000 after purchasing an additional 190,945 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.
Lockheed Martin Trading Down 1.7%
Shares of NYSE:LMT opened at $626.64 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. The company’s 50-day moving average price is $628.41 and its 200 day moving average price is $532.26. The company has a market cap of $144.18 billion, a PE ratio of 29.16, a P/E/G ratio of 1.13 and a beta of 0.22. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $692.00.
Lockheed Martin Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 2nd will be issued a dividend of $3.45 per share. The ex-dividend date is Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.2%. Lockheed Martin’s payout ratio is currently 64.22%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. The Goldman Sachs Group increased their price target on shares of Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. upped their price objective on Lockheed Martin from $515.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Truist Financial increased their target price on Lockheed Martin from $605.00 to $695.00 and gave the stock a “buy” rating in a report on Friday, January 30th. TD Cowen lifted their target price on Lockheed Martin from $600.00 to $670.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Finally, Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Sunday. Six research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $623.16.
Read Our Latest Stock Analysis on Lockheed Martin
Key Stories Impacting Lockheed Martin
Here are the key news stories impacting Lockheed Martin this week:
- Positive Sentiment: Pentagon seeks a roughly $200 billion supplemental tied to the Iran conflict, which analysts say would meaningfully boost defense spending and demand for prime contractors like Lockheed. Pentagon Seeks $200 Billion for Iran War
- Positive Sentiment: Analysis argues the ongoing “Shahed” drone strikes and missile-defense replenishment are creating a missile-defense supercycle that directly benefits Lockheed’s THAAD, PAC‑3 and related programs. Shahed Drone War Creates Missile-Defense Supercycle
- Positive Sentiment: Susquehanna published a bullish forecast calling for strong price appreciation, signaling buy-side conviction that Lockheed’s backlog and cash generation support upside. Susquehanna Forecasts Strong Price Appreciation
- Positive Sentiment: Lockheed won a contract with Fortem Technologies to integrate counter‑drone systems, expanding its C‑UAS offerings and recurring systems-integration revenue. Lockheed Selects Fortem Technologies
- Positive Sentiment: Coverage notes Greece’s air‑defense plans (the “Achilles Shield”) include Lockheed systems, adding incremental export opportunities even if not transformative by itself. What Is the Achilles Shield?
- Neutral Sentiment: Comparisons to peers (Northrop Grumman) highlight similar tailwinds but different program mixes; this frames LMT as attractive to some investors but not a clear standalone winner. Lockheed vs. Northrop Comparison
- Neutral Sentiment: Zacks and other outlets note LMT is a trending stock, reflecting elevated attention that can amplify intraday moves unrelated to fundamentals. Why LMT Is Trending
- Negative Sentiment: Lockheed missed on Q4 EPS (reported 5.80 vs. est. 6.33), which, combined with a high P/E and a recent run-up, can trigger short‑term profit‑taking and downward pressure. Earnings and Trading Data
Lockheed Martin Company 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.
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