Allworth Financial LP Has $14.75 Million Holdings in Lockheed Martin Corporation $LMT

Key Points

• Allworth Financial reduced its Lockheed Martin holdings by 15.4% in the second quarter, selling 5,291 shares and retaining 28,956 shares valued at approximately $14.75 million. Institutional investors collectively own 74.19% of LMT’s outstanding stock.
• Lockheed Martin reported quarterly earnings of $7.94 per share and revenue of $20.06 billion, exceeding analyst estimates, while setting fiscal 2026 EPS guidance of $29.95–$30.65. The company also declared a quarterly dividend of $3.45 per share, equivalent to a 2.6% annual yield.
• Analyst sentiment includes notable optimism: UBS upgraded LMT to Buy and raised its price target to $674, citing missile growth and F-35 sustainment demand, while Sweden’s approximately $729 million HIMARS purchase further expands Lockheed Martin’s international defense business.

Allworth Financial LP lessened its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 15.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,956 shares of the aerospace company's stock after selling 5,291 shares during the quarter. Allworth Financial LP's holdings in Lockheed Martin were worth $14,752,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. California State Teachers Retirement System increased its stake in shares of Lockheed Martin by 49,985.5% in the second quarter. California State Teachers Retirement System now owns 163,027,709 shares of the aerospace company's stock worth $83,056,097,000 after acquiring an additional 162,702,210 shares during the last quarter. BlackRock Inc. acquired a new stake in Lockheed Martin during the second quarter valued at $9,617,574,000. Charles Schwab Investment Management Inc. grew its stake in Lockheed Martin by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company's stock valued at $4,178,399,000 after purchasing an additional 114,900 shares in the last quarter. Corient Private Wealth LP purchased a new position in Lockheed Martin in the second quarter valued at about $101,960,000. Finally, Morgan Stanley grew its stake in Lockheed Martin by 10.1% in the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company's stock valued at $2,770,729,000 after purchasing an additional 527,523 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Key Headlines Impacting Lockheed Martin

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

• Positive Sentiment: UBS upgraded LMT to Buy and raised its 12-month price target to $674 from $581, citing underappreciated missile growth, F-35 sustainment demand and a potentially stronger earnings trajectory. UBS projects roughly 9% annual revenue growth and sees substantial upside from the reported valuation. UBS upgrades Lockheed Martin to Buy
• Positive Sentiment: Sweden selected Lockheed Martin’s HIMARS system in an agreement valued at approximately $729 million. The purchase of about 10 launchers and ammunition, with deliveries beginning in 2027, expands LMT’s European defense footprint and includes planned ammunition cooperation with Saab. Sweden HIMARS deal
• Positive Sentiment: Analysts highlighted the possibility that LMT’s missile and fire-control revenue could grow as much as 150% through 2030, supported by rising global demand for air defense, precision weapons and rocket artillery. Lockheed Martin missile growth
• Positive Sentiment: The Javelin joint venture signed a memorandum with India’s Tata Advanced Systems to explore local production, potentially improving LMT’s access to India’s defense market and strengthening its regional supply chain. Javelin India production agreement
• Neutral Sentiment: LMT awarded L3Harris a $4.7 billion contract for PAC-3 MSE propulsion, underscoring substantial missile-program demand. The contract is strategically supportive but represents an outsourced production cost rather than direct revenue for Lockheed Martin. PAC-3 MSE propulsion contract
• Negative Sentiment: Defense stocks have recently underperformed despite geopolitical tensions, creating a sector-wide headwind. However, commentators argued that upcoming U.S. midterm elections and continued defense spending could improve sentiment. Defense stocks outlook

Lockheed Martin Stock Performance

LMT opened at $536.37 on Wednesday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The company has a market cap of $123.79 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 1.14 and a beta of 0.10. The stock has a 50-day moving average of $556.57 and a 200-day moving average of $568.04. 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 issued its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating analysts' consensus estimates of $7.22 by $0.72. The business had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm's revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities research analysts forecast that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin's payout ratio is presently 50.87%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LMT shares. Robert W. Baird set a $700.00 price target on Lockheed Martin in a research note on Friday, July 24th. Weiss Ratings upgraded Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. Wells Fargo & Company set a $600.00 price target on Lockheed Martin in a research note on Monday, July 27th. Jefferies Financial Group restated a "hold" rating on shares of Lockheed Martin in a report on Wednesday, September 2nd. Finally, UBS Group raised shares of Lockheed Martin from a "neutral" rating to a "buy" rating and raised their price objective for the company from $581.00 to $674.00 in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of "Hold" and a consensus price target of $637.56.

Lockheed Martin Profile

Lockheed Martin Corporation is a global aerospace, defense and technology company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense serving as its largest customer. Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

The company's products and services include military aircraft such as the F-35 Lightning II, F-16 and C-130; air and missile defense systems; precision weapons; helicopters and maritime systems; radar, sensors and command-and-control technologies; satellites; space exploration systems; and missile-warning and strategic defense capabilities.

Lockheed Martin was created in 1995 through the merger of Lockheed Corporation and Martin Marietta.

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