Allworth Financial LP Takes $14.75 Million Position in Lockheed Martin Corporation $LMT

Key Points

• Allworth Financial LP purchased 28,956 Lockheed Martin shares in the second quarter, creating a new position valued at approximately $14.75 million. Institutional investors and hedge funds collectively own 74.19% of LMT.
• Analyst sentiment is mixed, with a consensus rating of “Hold” and an average price target of $632.39; individual targets range from $575 to $700.
• Lockheed Martin reported quarterly revenue of $20.06 billion and adjusted EPS of $7.94, beating estimates, while revenue rose 10.5% year over year. The company also announced a quarterly dividend of $3.45 per share, representing a 2.4% annualized yield.

Allworth Financial LP purchased a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 28,956 shares of the aerospace company's stock, valued at approximately $14,752,000.

A number of other institutional investors have also made changes to their positions in the stock. Greenspring Advisors LLC bought a new position in shares of Lockheed Martin during the 2nd quarter valued at about $289,000. TRU Independence Asset Management 2 LLC bought a new stake in Lockheed Martin during the 2nd quarter worth approximately $917,000. Silvant Capital Management LLC bought a new stake in Lockheed Martin during the 2nd quarter worth approximately $141,000. LaSalle St. Investment Advisors LLC acquired a new stake in Lockheed Martin during the 2nd quarter worth approximately $555,000. Finally, Mystic Asset Management Inc. acquired a new stake in Lockheed Martin during the 2nd quarter worth approximately $2,454,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LMT has been the subject of several research reports. Bank of America lowered their price objective on shares of Lockheed Martin from $660.00 to $600.00 and set a "neutral" rating for the company in a research report on Friday, April 24th. Susquehanna cut their price objective on shares of Lockheed Martin from $740.00 to $700.00 and set a "positive" rating on the stock in a research report on Friday, April 24th. Citigroup upped their target price on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Wells Fargo & Company set a $600.00 price target on Lockheed Martin in a research note on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Lockheed Martin from $615.00 to $575.00 and set a "hold" rating on the stock in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $632.39.

Key Lockheed Martin News

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

• Positive Sentiment: Lockheed Martin completed the first fully integrated Aegis System Equipped Vessel for Japan, a milestone that expands its role in Japan’s maritime air- and missile-defense infrastructure and supports broader Indo-Pacific defense cooperation. The achievement could strengthen the company’s position for future naval and missile-defense contracts. Lockheed Martin Completes First Japan ASEV In Indo Pacific Defense Milestone
• Positive Sentiment: Recent activity involving AI-enabled airspace sensing, next-generation missile-defense testing, modular defense systems and responsive space-launch partnerships adds to Lockheed Martin’s growth narrative. The company and its partners also participated in more than $152 million of recent Department of Defense contracts and a $920 million Air Force award pool. Should Lockheed’s AI Sensing and Space Partnerships Shift the Core Investment Case for LMT?
• Positive Sentiment: A valuation analysis argued that LMT may be approximately 24% undervalued based on discounted-cash-flow and comparable-multiple measures, despite an 87.9% five-year return. This may support the view that long-term defense demand is not fully reflected in the shares. Lockheed Martin Stock May Be 24% Undervalued On Japan Defense System News
• Neutral Sentiment: Commentary highlighted a potential new entry point in the military naval market, but the reports did not indicate a material near-term revenue or earnings contribution. Why Did Lockheed Martin Stock Drop Today?
• Neutral Sentiment: Speculation that Lockheed Martin could split its stock if it returns to its recent high is not a fundamental catalyst; a split would change the share count and price denomination, but not the company’s value. Stock-Split Watch: Is Lockheed Martin Next?

Lockheed Martin Stock Performance

Shares of LMT stock opened at $571.60 on Friday. The company's fifty day simple moving average is $547.31 and its 200-day simple moving average is $575.81. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. The firm has a market cap of $131.92 billion, a PE ratio of 21.07, a P/E/G ratio of 1.01 and a beta of 0.10. Lockheed Martin Corporation has a 12 month low of $437.25 and a 12 month high of $692.00.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business had revenue of $20.06 billion during the quarter, compared to analysts' expectations of $19.34 billion. During the same quarter in the prior year, the company posted $1.46 earnings per share. The firm's revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities research analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin's dividend payout ratio is presently 50.87%.

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.

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