3,194 Lockheed Martin Corporation $LMT Shares Sold by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management reduced its Lockheed Martin stake by 39.9% in the third quarter, selling 3,194 shares and retaining 4,811 shares valued at approximately $2.45 million. Institutional investors collectively own 74.19% of the company.
• Lockheed Martin exceeded third-quarter expectations, reporting adjusted EPS of $7.97 and revenue of $20.71 billion, while raising its 2026 outlook. Its record $292 billion backlog and a 10-year framework for up to 850 F-35 aircraft provide significant long-term demand visibility.
• Analysts maintain a consensus “Moderate Buy” rating with a $627.10 target price, while Lockheed raised its quarterly dividend to $3.60 per share, or $14.40 annualized.

Axxcess Wealth Management LLC lowered its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 39.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,811 shares of the aerospace company's stock after selling 3,194 shares during the period. Axxcess Wealth Management LLC's holdings in Lockheed Martin were worth $2,450,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LMT. Crossmark Global Holdings Inc. grew its stake in shares of Lockheed Martin by 0.6% during the third quarter. Crossmark Global Holdings Inc. now owns 3,239 shares of the aerospace company's stock worth $1,649,000 after buying an additional 19 shares during the last quarter. Albion Financial Group UT lifted its stake in shares of Lockheed Martin by 1.6% in the 3rd quarter. Albion Financial Group UT now owns 28,830 shares of the aerospace company's stock valued at $14,682,000 after acquiring an additional 453 shares during the last quarter. Ellis Investment Partners LLC lifted its stake in shares of Lockheed Martin by 3.1% in the 3rd quarter. Ellis Investment Partners LLC now owns 806 shares of the aerospace company's stock valued at $411,000 after acquiring an additional 24 shares during the last quarter. Sawyer & Company Inc bought a new position in shares of Lockheed Martin in the 3rd quarter valued at $116,000. Finally, Atticus Wealth Management LLC boosted its holdings in shares of Lockheed Martin by 5.3% during the 3rd quarter. Atticus Wealth Management LLC now owns 817 shares of the aerospace company's stock valued at $416,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

Analysts Set New Price Targets

LMT has been the topic of a number of research reports. Weiss Ratings upgraded Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, October 9th. Sanford C. Bernstein dropped their target price on Lockheed Martin from $629.00 to $564.00 and set a "market perform" rating for the company in a research report on Wednesday, October 14th. Robert W. Baird set a $700.00 price target on Lockheed Martin in a research note on Friday, July 24th. Citigroup raised their price objective on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Finally, TD Cowen cut their target price on shares of Lockheed Martin from $600.00 to $570.00 and set a "hold" rating on the stock in a research report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $627.10.

Key Headlines Impacting Lockheed Martin

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

• Positive Sentiment: Q3 results exceeded expectations. Lockheed Martin reported adjusted earnings of $7.97 per share versus the $7.52 consensus estimate, while sales rose 11.3% year over year to $20.71 billion, ahead of the $20.48 billion forecast. Net earnings increased 14% to $1.85 billion. Lockheed Martin Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 outlook. The company now expects approximately $80 billion to $82 billion in 2026 sales and diluted EPS of $30.35 to $30.75, signaling continued confidence in defense demand and production growth. Lockheed lifts annual forecast as missile, jet production ramps up
• Positive Sentiment: Record backlog provides significant revenue visibility. Backlog reached approximately $292 billion, including $52.5 billion tied to the multiyear PAC-3 Missile Segment Enhancement award. All four business segments posted sales growth, led by a 24% increase in Missiles and Fire Control. Defense Giant Lockheed Martin Raises 2026 Outlook
• Positive Sentiment: New F-35 framework strengthens long-term demand. The Pentagon and Lockheed Martin agreed on a 10-year framework covering production of 850 F-35 aircraft. In exchange for greater order certainty, Lockheed plans to invest about $7 billion in projects supporting the program, including supply-chain and sustainment efforts. Lockheed and Pentagon strike initial deal to produce 850 F-35 jets
• Neutral Sentiment: Operating cash flow was $3.4 billion and free cash flow was $3.0 billion, supporting the company’s financial position, although investors will monitor execution as missile and aircraft production ramps up. Lockheed Martin Q3 Sales Rise 11% to $20.7 Billion

Lockheed Martin Trading Up 6.7%

Shares of LMT stock opened at $588.64 on Friday. Lockheed Martin Corporation has a 1-year low of $437.25 and a 1-year high of $692.00. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The stock has a market cap of $135.85 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 1.19 and a beta of 0.09. The stock has a 50-day moving average of $538.59 and a 200-day moving average of $541.86.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The aerospace company reported $7.97 EPS for the quarter, topping analysts' consensus estimates of $7.52 by $0.45. The company had revenue of $20.71 billion for the quarter, compared to analyst estimates of $20.48 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%. The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $6.95 earnings per share. On average, equities research analysts forecast that Lockheed Martin Corporation will post 30.43 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be given a dividend of $3.60 per share. This represents a $14.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, December 1st. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.45. Lockheed Martin's dividend payout ratio is currently 50.87%.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.

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