SkyOak Wealth LLC Reduces Stake in Lockheed Martin Corporation $LMT

SkyOak Wealth LLC trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 47.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,067 shares of the aerospace company’s stock after selling 981 shares during the quarter. SkyOak Wealth LLC’s holdings in Lockheed Martin were worth $645,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of LMT. Cerro Pacific Wealth Advisors LLC boosted its stake in shares of Lockheed Martin by 1.2% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock valued at $665,000 after purchasing an additional 16 shares during the period. Garner Asset Management Corp increased its holdings in Lockheed Martin by 0.9% during the fourth quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock valued at $839,000 after buying an additional 16 shares during the period. Davis R M Inc. increased its holdings in shares of Lockheed Martin by 1.3% in the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock valued at $612,000 after acquiring an additional 16 shares during the period. Broadway Wealth Solutions Inc. raised its holdings in Lockheed Martin by 3.6% in the fourth quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock worth $234,000 after purchasing an additional 17 shares in the last quarter. Finally, Aspire Growth Partners LLC raised its stake in shares of Lockheed Martin by 0.7% during the 4th quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock worth $1,217,000 after acquiring an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Key Lockheed Martin News

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

• Positive Sentiment: Lockheed Martin was selected through its Aculight unit for the Joint Laser Weapon System program, adding another defense-related growth opportunity tied to missile and drone defense. NLight Flashes Buy Signal On U.S. Contract For Missile, Drone Defense
• Positive Sentiment: Goldman Sachs won the mandate to manage part of Lockheed Martin’s retirement assets as part of a combined $70 billion deal, a sign of strong corporate-scale financial relationships and added visibility around its pension/retirement management. Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin
• Positive Sentiment: Recent articles highlighted Lockheed Martin’s large $194 billion backlog and new Pentagon contracts, reinforcing the company’s long-term revenue visibility even as investors await the July 23 earnings report. Lockheed Martin Secures the Ultimate Defense Moat
• Positive Sentiment: Defense stocks, including Lockheed Martin, gained after renewed Iran-war fears and the end of the ceasefire raised expectations for higher defense spending and increased demand for military systems. Northrup, Lockheed, Other Defense Stocks Rise as Trump Sparks Iran War Fears
• Neutral Sentiment: Lockheed Martin also won two U.S. defense contracts worth more than $607 million, which supports backlog growth but is not large enough on its own to change the near-term earnings picture. Lockheed Martin wins two U.S. defense contracts worth over 607M
• Negative Sentiment: Investor attention remains on margin compression, a Q1 earnings miss, and execution risk in fixed-price programs, which help explain why the stock has been slipping despite the strong backlog. Lockheed Martin Secures the Ultimate Defense Moat
• Negative Sentiment: Recent market commentary noted LMT has lagged the broader defense group at times, suggesting traders are still waiting for clearer signs that earnings growth will reaccelerate. LMT Stock Lags Industry in a Month: Is the Pullback an Opportunity?

Lockheed Martin Stock Performance

LMT opened at $517.71 on Friday. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $692.00. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The firm has a market capitalization of $119.36 billion, a PE ratio of 25.07, a P/E/G ratio of 0.95 and a beta of 0.11. The firm has a 50 day moving average of $521.44 and a two-hundred day moving average of $570.79.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share 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 analysts’ expectations of $18.38 billion. During the same quarter in the previous year, the business posted $7.28 EPS. The business’s quarterly revenue was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, analysts anticipate that Lockheed Martin Corporation will post 29.93 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 1st were paid a $3.45 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is currently 66.83%.

Wall Street Analyst Weigh In

LMT has been the subject of several analyst reports. Bank of America decreased their price objective on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Jefferies Financial Group set a $575.00 target price on Lockheed Martin in a research report on Thursday, June 25th. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. TD Cowen decreased their price target 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, Deutsche Bank Aktiengesellschaft dropped their price target on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $609.68.

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.