8,235 Shares of Lockheed Martin Corporation $LMT Bought by NBT Bank N.A.

Key Points

• NBT Bank acquired 8,235 Lockheed Martin shares during the third quarter, valued at approximately $4.19 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, up 11.3% year over year. Management also raised its 2026 outlook and cited a record $292 billion backlog.
• The stock opened at $588.64, while analysts maintain a “Moderate Buy” consensus with an average price target of $627.10. Lockheed Martin also increased its quarterly dividend to $3.60 per share, representing a 2.4% annualized yield.

NBT Bank N.A. acquired a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,235 shares of the aerospace company's stock, valued at approximately $4,194,000.

Several other hedge funds have also recently bought and sold shares of the company. Isthmus Partners LLC boosted its holdings in shares of Lockheed Martin by 0.6% in the 3rd quarter. Isthmus Partners LLC now owns 24,384 shares of the aerospace company's stock valued at $12,418,000 after purchasing an additional 138 shares in the last quarter. Precedent Wealth Partners LLC increased its stake in shares of Lockheed Martin by 19.3% in the 3rd quarter. Precedent Wealth Partners LLC now owns 5,673 shares of the aerospace company's stock valued at $2,889,000 after purchasing an additional 919 shares during the last quarter. Smith Chas P & Associates PA Cpas increased its stake in shares of Lockheed Martin by 0.8% in the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 88,708 shares of the aerospace company's stock valued at $48,975,000 after purchasing an additional 668 shares during the last quarter. Woodward Diversified Capital LLC raised its holdings in shares of Lockheed Martin by 9.5% during the 3rd quarter. Woodward Diversified Capital LLC now owns 1,186 shares of the aerospace company's stock worth $604,000 after buying an additional 103 shares in the last quarter. Finally, Lmcg Investments LLC raised its holdings in shares of Lockheed Martin by 38.1% during the 3rd quarter. Lmcg Investments LLC now owns 11,132 shares of the aerospace company's stock worth $5,669,000 after buying an additional 3,070 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

More Lockheed Martin News

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

Analyst Ratings Changes

Several research firms recently weighed in on LMT. Wells Fargo & Company set a $600.00 price objective on Lockheed Martin in a research note on Monday, July 27th. Rothschild & Co Redburn initiated coverage on Lockheed Martin in a research note on Tuesday, October 6th. They set a "buy" rating and a $650.00 target price for the company. Vertical Research raised Lockheed Martin from a "hold" rating to a "buy" rating and set a $600.00 target price for the company in a research note on Wednesday, October 14th. Sanford C. Bernstein dropped their target price on shares of Lockheed Martin from $629.00 to $564.00 and set a "market perform" rating for the company in a report on Wednesday, October 14th. Finally, Morgan Stanley raised their price target on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $627.10.

Lockheed Martin Stock Up 6.7%

Shares of NYSE:LMT opened at $588.64 on Friday. The company has a fifty day moving average of $538.59 and a 200-day moving average of $541.86. The company has a market capitalization of $135.85 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 1.19 and a beta of 0.09. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The aerospace company reported $7.97 EPS for the quarter, beating analysts' consensus estimates of $7.52 by $0.45. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%. The company had revenue of $20.71 billion during the quarter, compared to analysts' expectations of $20.48 billion. During the same period in the prior year, the company earned $6.95 EPS. Lockheed Martin's revenue was up 11.3% compared to the same quarter last year. On average, equities analysts predict that Lockheed Martin Corporation will post 30.43 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 1st will be issued a $3.60 dividend. This represents a $14.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a boost from Lockheed Martin's previous quarterly dividend of $3.45. Lockheed Martin's payout ratio is currently 50.87%.

About Lockheed Martin

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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