PYA Waltman Capital LLC Cuts Stock Holdings in Lockheed Martin Corporation $LMT

PYA Waltman Capital LLC decreased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 25.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,777 shares of the aerospace company’s stock after selling 1,323 shares during the quarter. PYA Waltman Capital LLC’s holdings in Lockheed Martin were worth $1,827,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Lockheed Martin by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock worth $4,178,399,000 after purchasing an additional 114,900 shares in the last quarter. Morgan Stanley grew its holdings in shares of Lockheed Martin by 10.1% during the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock worth $2,770,729,000 after purchasing an additional 527,523 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Lockheed Martin by 3.4% during the third quarter. Wellington Management Group LLP now owns 2,384,753 shares of the aerospace company’s stock worth $1,190,493,000 after purchasing an additional 79,491 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Lockheed Martin by 4.2% during the third quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock worth $1,096,294,000 after purchasing an additional 87,663 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Lockheed Martin by 0.6% during the fourth quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock worth $807,866,000 after purchasing an additional 10,349 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.1%

Shares of LMT opened at $539.94 on Monday. The firm has a market cap of $124.49 billion, a P/E ratio of 26.15, a P/E/G ratio of 0.98 and a beta of 0.10. The stock has a 50 day simple moving average of $548.13 and a two-hundred day simple moving average of $563.19. 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 Corporation has a 1 year low of $410.11 and a 1 year high of $692.00.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.79 by ($0.35). The firm had revenue of $18.02 billion during 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 firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, analysts forecast that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be given a $3.45 dividend. The ex-dividend date is Monday, June 1st. This represents a $13.80 annualized dividend and a yield of 2.6%. Lockheed Martin’s payout ratio is presently 66.83%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LMT. TD Cowen cut their price objective on Lockheed Martin from $670.00 to $600.00 and set a “hold” rating for the company in a report on Friday, April 24th. Weiss Ratings lowered Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Bank of America cut 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. Finally, Susquehanna cut their target price on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and an average target price of $620.68.

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.