Wesbanco Bank Inc. Acquires 5,105 Shares of Lockheed Martin Corporation $LMT

Wesbanco Bank Inc. raised its holdings in Lockheed Martin Corporation (NYSE:LMT) by 18.3% in the 4th quarter, HoldingsChannel reports. The firm owned 33,016 shares of the aerospace company’s stock after purchasing an additional 5,105 shares during the quarter. Wesbanco Bank Inc.’s holdings in Lockheed Martin were worth $15,969,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. grew its stake in 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 during the period. Welch Group LLC grew its stake in Lockheed Martin by 1.5% in the fourth quarter. Welch Group LLC now owns 132,684 shares of the aerospace company’s stock valued at $64,175,000 after acquiring an additional 1,999 shares during the period. Jain Global LLC acquired a new position in Lockheed Martin in the third quarter valued at about $38,064,000. Clough Capital Partners L P acquired a new position in Lockheed Martin in the third quarter valued at about $31,018,000. Finally, Pacific Heights Asset Management LLC grew its stake in Lockheed Martin by 33.9% in the third quarter. Pacific Heights Asset Management LLC now owns 75,000 shares of the aerospace company’s stock valued at $37,441,000 after acquiring an additional 19,000 shares during the period. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the subject of a number of research analyst reports. Robert W. Baird boosted their target price on Lockheed Martin from $550.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. Wells Fargo & Company initiated coverage on Lockheed Martin in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 target price for the company. DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. TD Cowen decreased their target price on Lockheed Martin from $670.00 to $600.00 and set a “hold” rating for the company in a research note on Friday, April 24th. Finally, Bank of America decreased their target price on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and a consensus price target of $628.63.

Key Lockheed Martin News

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 Performance

Shares of Lockheed Martin stock opened at $506.79 on Friday. The firm has a market cap of $116.85 billion, a price-to-earnings ratio of 24.54, a price-to-earnings-growth ratio of 0.93 and a beta of 0.10. The stock’s 50-day moving average is $608.10 and its 200-day moving average is $554.07. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $692.00. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The firm had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities analysts predict that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

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.