Manning & Napier Advisors LLC Sells 3,266 Shares of Lockheed Martin Corporation $LMT

Manning & Napier Advisors LLC trimmed its holdings in Lockheed Martin Corporation (NYSE:LMT) by 16.3% in the first quarter, Holdings Channel reports. The institutional investor owned 16,738 shares of the aerospace company’s stock after selling 3,266 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Lockheed Martin were worth $10,116,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of LMT. Costello Asset Management INC lifted its holdings in Lockheed Martin by 897.3% during the 1st quarter. Costello Asset Management INC now owns 1,107 shares of the aerospace company’s stock worth $669,000 after purchasing an additional 996 shares in the last quarter. Stiles Financial Services Inc grew its holdings in Lockheed Martin by 3.1% during the 1st quarter. Stiles Financial Services Inc now owns 4,685 shares of the aerospace company’s stock valued at $2,831,000 after buying an additional 142 shares in the last quarter. Whipplewood Advisors LLC increased its position in shares of Lockheed Martin by 32.0% during the first quarter. Whipplewood Advisors LLC now owns 198 shares of the aerospace company’s stock valued at $120,000 after buying an additional 48 shares during the period. Winch Advisory Services LLC increased its position in shares of Lockheed Martin by 5.2% during the first quarter. Winch Advisory Services LLC now owns 1,653 shares of the aerospace company’s stock valued at $999,000 after buying an additional 82 shares during the period. Finally, Roman Butler Fullerton & Co. lifted its holdings in shares of Lockheed Martin by 2.5% in the first quarter. Roman Butler Fullerton & Co. now owns 1,186 shares of the aerospace company’s stock worth $745,000 after buying an additional 29 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin News Roundup

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

• Positive Sentiment: Several reports argue that Lockheed Martin looks attractive on a value basis versus peer Howmet Aerospace, highlighting LMT as a potentially stronger choice for value investors. LMT or HWM: Which Is the Better Value Stock Right Now?
• Positive Sentiment: Commentary around the proposed 2027 defense budget suggests the bull case for Lockheed Martin remains compelling, reinforcing expectations for steady government demand. Lockheed Martin: The Proposed 2027 Defense Budget Makes The Bull Case Hard To Ignore
• Positive Sentiment: MarketBeat noted Lockheed Martin’s large backlog and new Defense Department contracts as evidence of a strong defense “moat,” which supports revenue visibility. Lockheed Martin Secures the Ultimate Defense Moat
• Positive Sentiment: Goldman Sachs won a $70 billion retirement-asset mandate from Lockheed Martin, a sign of ongoing corporate financial activity that may be viewed positively by investors. Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin
• Neutral Sentiment: One article simply frames LMT as a “strong value stock” based on Zacks’ style scores, but it does not add a major new catalyst. Here’s Why Lockheed Martin (LMT) is a Strong Value Stock
• Neutral Sentiment: Coverage about a defense investor’s view on the future of warfare is broadly supportive of the sector, but it does not specifically point to a direct move in Lockheed Martin. Defense Investor: 300 Companies Could Define the Future of Warfare
• Negative Sentiment: Recent coverage also points to Q1 2026 margin compression and a need to watch the upcoming earnings report, which may be limiting enthusiasm. Lockheed Martin Secures the Ultimate Defense Moat
• Negative Sentiment: Separately, LMT was recently noted as having a more significant dip than the broader market, reflecting some short-term weakness before today’s rebound. Lockheed Martin (LMT) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Analysts Set New Price Targets

A number of research firms have recently commented on LMT. BNP Paribas Exane cut their price objective on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. TD Cowen lowered their target price on shares of Lockheed Martin from $670.00 to $600.00 and set a “hold” rating on the stock in a research note on Friday, April 24th. Citigroup raised shares of Lockheed Martin from a “neutral” rating to a “buy” rating and raised their price target for the company from $571.00 to $582.00 in a report on Wednesday, July 1st. Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. Finally, UBS Group decreased their price target on shares of Lockheed Martin from $683.00 to $538.00 in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $609.68.

Lockheed Martin Price Performance

Shares of NYSE LMT traded up $4.80 during mid-day trading on Friday, reaching $523.06. 662,167 shares of the company were exchanged, compared to its average volume of 1,280,062. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The company’s 50 day moving average price is $521.71 and its 200 day moving average price is $570.46. The stock has a market capitalization of $120.60 billion, a PE ratio of 25.33, a PEG ratio of 0.93 and a beta of 0.11. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74.

Lockheed Martin (NYSE:LMT) last released its 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). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. During the same period in the prior year, the company earned $7.28 EPS. The firm’s revenue was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Sell-side analysts forecast that Lockheed Martin Corporation will post 29.94 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 1st were given a dividend of $3.45 per share. The ex-dividend date was Monday, June 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. Lockheed Martin’s dividend payout ratio is 66.83%.

Lockheed Martin 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.