Canandaigua National Trust Co of Florida Makes New $1.12 Million Investment in Lockheed Martin Corporation $LMT

Canandaigua National Trust Co of Florida acquired a new stake in Lockheed Martin Corporation (NYSE:LMT) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,207 shares of the aerospace company’s stock, valued at approximately $1,124,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Canandaigua National Bank & Trust Co. raised its holdings in Lockheed Martin by 0.5% in the third quarter. Canandaigua National Bank & Trust Co. now owns 11,777 shares of the aerospace company’s stock worth $5,997,000 after purchasing an additional 58 shares during the period. Exchange Bank boosted its position in shares of Lockheed Martin by 12.7% during the third quarter. Exchange Bank now owns 620 shares of the aerospace company’s stock worth $316,000 after purchasing an additional 70 shares in the last quarter. Bath Savings Trust Co grew its holdings in shares of Lockheed Martin by 1.4% in the 3rd quarter. Bath Savings Trust Co now owns 11,398 shares of the aerospace company’s stock valued at $5,804,000 after buying an additional 157 shares during the period. North Point Portfolio Managers Corp OH acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at $45,000. Finally, Weaver Consulting Group bought a new stake in shares of Lockheed Martin in the 3rd quarter valued at $211,000. Institutional investors and hedge funds 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: Analyst upgrade provides a significant upside signal. Rothschild & Co Redburn initiated coverage with a “buy”/“strong-buy” rating and a $650 price target, implying substantial potential upside from recent trading levels. Rothschild & Co Redburn upgrades Lockheed Martin
• Positive Sentiment: New defense awards strengthen revenue visibility. Lockheed Martin received a $209 million U.S. Navy electronic-warfare contract modification, with options that could raise the total value to approximately $1.71 billion. The company also secured a $245 million modification for a second IRST Block II order. Lockheed Martin electronic warfare contract
• Positive Sentiment: International and missile-defense programs continue progressing. Morocco’s first F-16 Block 72 completed its initial flight, supporting Lockheed Martin’s international aircraft backlog. Separately, GM Defense delivered components for the PAC-3 Missile Segment Enhancement program, which may help the company respond to strong interceptor demand. Morocco F-16 Block 72 first flight
• Neutral Sentiment: Investors are awaiting the third-quarter earnings report. A pre-earnings analysis described LMT as attractive after its pullback, but the report also highlights the risk that results, guidance or program execution could determine the next major move. Lockheed Martin Q3 earnings preview
• Negative Sentiment: Relative underperformance is weighing on sentiment. Coverage notes that LMT has lagged the S&P 500 and remains far below its 52-week high. That weakness may reflect investor concerns about growth, program execution and whether defense-sector optimism is already reflected in valuations. Lockheed Martin is cheap and lagging

Analyst Upgrades and Downgrades

LMT has been the topic of several recent analyst reports. Royal Bank Of Canada lifted their target price on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. TD Cowen lowered their price target on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a report on Monday, July 13th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a research report on Wednesday, September 2nd. Robert W. Baird set a $700.00 price objective on Lockheed Martin in a report on Friday, July 24th. Finally, Citigroup boosted their price objective on Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $638.21.

Lockheed Martin Stock Down 2.2%

LMT stock traded down $10.99 during trading hours on Wednesday, reaching $499.13. 1,073,741 shares of the stock were exchanged, compared to its average volume of 1,451,960. The firm’s 50-day moving average is $552.10 and its 200-day moving average is $549.20. Lockheed Martin Corporation has a 12 month low of $437.25 and a 12 month high of $692.00. The company has a market cap of $115.19 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 1.10 and a beta of 0.09. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. The business had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.Lockheed Martin’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the company earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities research analysts expect that Lockheed Martin Corporation will post 30.44 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st were issued a $3.45 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. Lockheed Martin’s dividend payout ratio (DPR) is 50.87%.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.

Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.