Smith Chas P & Associates PA Cpas Reduces Stock Holdings in Lockheed Martin Corporation $LMT

Smith Chas P & Associates PA Cpas trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 39.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 54,246 shares of the aerospace company’s stock after selling 35,139 shares during the quarter. Lockheed Martin comprises 2.3% of Smith Chas P & Associates PA Cpas’ holdings, making the stock its 14th biggest holding. Smith Chas P & Associates PA Cpas’ holdings in Lockheed Martin were worth $27,080,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Tableaux LLC grew its stake in shares of Lockheed Martin by 34,231.4% during the 2nd quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock worth $288,589,000 after acquiring an additional 621,300 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Lockheed Martin by 169.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company’s stock valued at $265,030,000 after acquiring an additional 359,748 shares during the period. Vanguard Group Inc. lifted its holdings in Lockheed Martin by 1.0% during the second quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock valued at $10,048,993,000 after purchasing an additional 214,565 shares during the last quarter. Holocene Advisors LP bought a new position in Lockheed Martin during the second quarter worth about $92,628,000. Finally, Natixis increased its stake in shares of Lockheed Martin by 1,478.6% in the second quarter. Natixis now owns 203,859 shares of the aerospace company’s stock worth $94,415,000 after purchasing an additional 190,945 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

More Lockheed Martin News

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

• Positive Sentiment: White House meeting to accelerate production — The White House has invited top defense executives to discuss speeding weapons production to replenish stockpiles after strikes on Iran, which could translate into larger near-term orders and accelerated program funding for prime contractors like Lockheed. Exclusive: Defense executives plan to meet at White House as strikes on Iran diminish stockpiles
• Positive Sentiment: Backlogs and program exposure underpin upside — MarketBeat highlights Lockheed’s roughly $194B backlog and multi-decade revenue streams from F-35 production, missiles and sustainment, supporting durable revenue visibility beyond short-term volatility. Defense Stocks: Rockets, Radars, and Record Backlogs
• Positive Sentiment: Analysts and sector research point to a sustained missile/armaments megatrend — Citi and other analysts say demand for interceptors and missiles is likely to rise materially, a structural tailwind for Lockheed’s Missiles & Fire Control business. Missile ‘megatrend’ still underestimated despite Iran conflict, says Citi
• Neutral Sentiment: Market momentum and valuation debates — Coverage shows strong YTD gains and record highs, prompting questions about whether current prices fully reflect accelerated demand or are a near-term risk given a higher P/E; investors are reassessing valuation vs. execution risk. Assessing Lockheed Martin (LMT) Valuation After Strong Recent Share Price And Total Return Performance
• Negative Sentiment: Pentagon ban on Anthropic’s Claude AI — Lockheed confirmed it will remove Anthropic’s tools to comply with the Trump administration order. That creates short-term IT disruption, potential transition costs and uncertainty for ongoing AI-enabled upgrades (even though legal challenges to the ban may follow). Defense contractors, like Lockheed, seen removing Anthropic’s AI after Trump ban

Wall Street Analyst Weigh In

LMT has been the topic of a number of recent research reports. Sanford C. Bernstein restated a “market perform” rating and set a $654.00 price target on shares of Lockheed Martin in a research note on Friday, February 6th. Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 8th. BNP Paribas Exane raised their price target on Lockheed Martin from $550.00 to $570.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. UBS Group lifted their price target on Lockheed Martin from $580.00 to $663.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Finally, DZ Bank cut Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price objective on the stock. in a report on Tuesday, February 3rd. Six analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $612.50.

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $667.12 on Wednesday. The stock has a market cap of $153.49 billion, a price-to-earnings ratio of 31.04, a P/E/G ratio of 1.22 and a beta of 0.22. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $692.00. The stock’s 50-day moving average is $589.33 and its 200 day moving average is $513.99.

Lockheed Martin (NYSE:LMT) last released its earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing the consensus estimate of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The business had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the prior year, the business posted $7.67 EPS. Lockheed Martin’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, March 2nd. Lockheed Martin’s payout ratio is presently 64.22%.

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.