Bank of Montreal Can Acquires 7,981 Shares of Lockheed Martin Corporation $LMT

Key Points

• Bank of Montreal Can increased its stake in Lockheed Martin by 1.1% in Q3, buying 7,981 shares to hold 739,122 shares (about 0.32%) valued at roughly $369 million.
• Lockheed posted Q results with an EPS miss ($5.80 vs. $6.33 est.) but revenue beat ($20.32B), declared a quarterly dividend of $3.45 (annualized $13.80, yield 2.1%), and shares traded near $664 with a $152.8B market cap.
• Institutional ownership stands at 74.19% as several funds added to positions, while analysts lifted some price targets (e.g., Argus to $735, Citigroup to $673) but the consensus rating remains a "Hold" with an average target around $618.95 amid valuation and debt concerns.

Bank of Montreal Can lifted its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 739,122 shares of the aerospace company's stock after acquiring an additional 7,981 shares during the period. Bank of Montreal Can owned approximately 0.32% of Lockheed Martin worth $368,977,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Carnegie Investment Counsel lifted its position in Lockheed Martin by 11.4% in the third quarter. Carnegie Investment Counsel now owns 29,639 shares of the aerospace company's stock worth $14,796,000 after purchasing an additional 3,031 shares during the period. VCI Wealth Management LLC acquired a new stake in Lockheed Martin during the third quarter worth $3,075,000. DAVENPORT & Co LLC increased its holdings in Lockheed Martin by 22.4% in the 3rd quarter. DAVENPORT & Co LLC now owns 25,423 shares of the aerospace company's stock valued at $12,688,000 after buying an additional 4,652 shares during the period. Farther Finance Advisors LLC increased its holdings in Lockheed Martin by 29.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,036 shares of the aerospace company's stock valued at $5,010,000 after buying an additional 2,270 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Lockheed Martin by 9.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 39,410 shares of the aerospace company's stock valued at $19,674,000 after buying an additional 3,352 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

More Lockheed Martin News

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

• Positive Sentiment: Sikorsky is rolling out an upgraded S‑92A+ and preparing production as global demand for medium‑lift helicopters picks up — a clear revenue/ backlog positive for Lockheed’s rotary‑wing unit. Lockheed Martin (LMT) Rolls Out Upgraded S-92A+ as Global Demand Picks Up
• Positive Sentiment: Recent F‑35 and missile contracts (and public reports of ramping interceptor/missile production) support stronger top‑line visibility and justify defense multiple expansion. Lockheed Martin, RTX land F-35 contracts, shares clear entries
• Positive Sentiment: Geopolitical tensions (Iran conflict) are driving near‑term defense demand expectations that have lifted LMT sentiment and flows into defense names. Lockheed Martin Stock (LMT) Continues to Surge as War Rages
• Positive Sentiment: At least one shop has lifted LMT’s price target (to $735), signaling bullish analyst conviction on upside from current programs and backlog. Lockheed Martin NYSE: LMT Price Target Raised to $735.00
• Neutral Sentiment: Analyst pieces highlight LMT as a strong momentum/dividend name and note heavy investor attention — useful context for flows but not a catalyst by itself. Here's Why Lockheed Martin (LMT) is a Strong Momentum Stock
• Neutral Sentiment: Coverage in Barron’s and mainstream business outlets is lifting visibility for the sector — supports interest but increases correlation with peers. Lockheed, RTX, Other Defense Stocks Gain. Watch This Trump-Backed Drone Company.
• Negative Sentiment: Coverage noting LMT’s rapid run (up ~43.6% in three months) flags risk: program losses, elevated debt and valuation concerns could prompt profit‑taking or slower multiple expansion for new buyers. LMT Stock Surges 43.6% in 3 Month: Time to Hold or Book Profits?
• Negative Sentiment: Remember the recent quarterly EPS miss and high debt/ program‑loss history cited by analysts — these fundamentals temper how much multiple expansion the market will allow and likely explain today’s modest pullback.

Lockheed Martin Trading Down 1.2%

Shares of LMT stock opened at $663.96 on Tuesday. The company has a market capitalization of $152.76 billion, a P/E ratio of 30.90, a P/E/G ratio of 1.21 and a beta of 0.22. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $692.00. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. The firm has a 50-day moving average price of $603.57 and a 200 day moving average price of $520.19.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing the consensus estimate of $6.33 by ($0.53). The firm had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.Lockheed Martin's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $7.67 earnings per share. Research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be given a dividend of $3.45 per share. The ex-dividend date is Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a yield of 2.1%. Lockheed Martin's dividend payout ratio is 64.22%.

Analysts Set New Price Targets

LMT has been the subject of a number of analyst reports. Citigroup raised their price objective on shares of Lockheed Martin from $592.00 to $673.00 and gave the stock a "neutral" rating in a report on Thursday, February 5th. Argus upped their target price on shares of Lockheed Martin from $530.00 to $735.00 and gave the company a "buy" rating in a research note on Friday. Susquehanna reissued a "positive" rating and issued a $660.00 price target on shares of Lockheed Martin in a research report on Thursday, January 15th. Weiss Ratings cut shares of Lockheed Martin from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Lockheed Martin from $492.00 to $611.00 and gave the company a "hold" rating in a report on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Lockheed Martin has an average rating of "Hold" and a consensus target price of $618.95.

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.

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Corporation (NYSE:LMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.