Horrell Capital Management Inc. Reduces Stock Position in Lockheed Martin Corporation $LMT

Horrell Capital Management Inc. cut its position in Lockheed Martin Corporation (NYSE:LMT) by 8.2% during the first quarter, Holdings Channel reports. The firm owned 12,498 shares of the aerospace company’s stock after selling 1,116 shares during the period. Lockheed Martin makes up approximately 3.4% of Horrell Capital Management Inc.’s portfolio, making the stock its 11th largest position. Horrell Capital Management Inc.’s holdings in Lockheed Martin were worth $7,554,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Money Concepts Capital Corp lifted its holdings in shares of Lockheed Martin by 1.3% during the first quarter. Money Concepts Capital Corp now owns 7,629 shares of the aerospace company’s stock worth $4,611,000 after purchasing an additional 97 shares during the period. Resona Asset Management Co. Ltd. increased its holdings in Lockheed Martin by 1.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 71,505 shares of the aerospace company’s stock worth $43,148,000 after buying an additional 1,150 shares during the period. CFS Investment Advisory Services LLC raised its position in Lockheed Martin by 9.3% during the 1st quarter. CFS Investment Advisory Services LLC now owns 1,151 shares of the aerospace company’s stock worth $682,000 after buying an additional 98 shares during the last quarter. First Interstate Bank purchased a new position in Lockheed Martin during the 1st quarter worth approximately $230,000. Finally, IAG Wealth Partners LLC lifted its stake in Lockheed Martin by 4,800.0% during the 1st quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 48 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Susquehanna dropped their price objective on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a report on Friday, April 24th. Citigroup raised shares of Lockheed Martin from a “neutral” rating to a “buy” rating and raised their target price for the stock from $571.00 to $582.00 in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Weiss Ratings lowered shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Finally, Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $609.68.

Lockheed Martin Stock Performance

LMT opened at $517.71 on Friday. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. The firm has a fifty day moving average price of $521.44 and a 200 day moving average price of $570.79. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $692.00. The stock has a market cap of $119.36 billion, a P/E ratio of 25.07, a P/E/G ratio of 0.95 and a beta of 0.11.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The firm had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the company posted $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities research analysts anticipate that Lockheed Martin Corporation will post 29.93 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 1st were paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, June 1st. Lockheed Martin’s dividend payout ratio is presently 66.83%.

More 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?

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.