Brookstone Capital Management Acquires 2,233 Shares of Lockheed Martin Corporation $LMT

Key Points

• Brookstone Capital Management increased its Lockheed Martin stake by 8.1% in the first quarter, buying 2,233 shares and bringing its total holding to 29,809 shares worth about $18.0 million.
• Institutional ownership in Lockheed Martin remains high at 74.19%, and several other large investors also boosted or initiated positions in the aerospace and defense company.
• Analysts remain cautious overall: Lockheed Martin has a consensus Hold rating, with recent target cuts following a first-quarter earnings miss and weaker-than-expected revenue.

Brookstone Capital Management increased its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 8.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,809 shares of the aerospace company's stock after buying an additional 2,233 shares during the period. Brookstone Capital Management's holdings in Lockheed Martin were worth $18,016,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in shares of Lockheed Martin by 107.3% in the fourth quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company's stock worth $625,784,000 after acquiring an additional 669,604 shares during the period. Morgan Stanley grew its holdings in Lockheed Martin by 10.1% during the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company's stock valued at $2,770,729,000 after buying an additional 527,523 shares in the last quarter. Sanders Capital LLC bought a new stake in shares of Lockheed Martin during the third quarter valued at about $252,699,000. Corient Private Wealth LLC increased its position in shares of Lockheed Martin by 203.3% during the fourth quarter. Corient Private Wealth LLC now owns 560,363 shares of the aerospace company's stock valued at $271,031,000 after buying an additional 375,622 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Lockheed Martin by 286.1% in the third quarter. First Trust Advisors LP now owns 503,428 shares of the aerospace company's stock worth $251,316,000 after buying an additional 373,027 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Weiss Ratings cut shares of Lockheed Martin from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, June 9th. Citigroup reduced their price target on shares of Lockheed Martin from $675.00 to $571.00 and set a "neutral" rating for the company in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Lockheed Martin from $615.00 to $575.00 and set a "hold" rating on the stock in a report on Friday, April 24th. Morgan Stanley lowered their price objective on Lockheed Martin from $675.00 to $653.00 and set an "equal weight" rating on the stock in a research report on Friday, April 24th. Finally, Susquehanna dropped their price objective on Lockheed Martin from $740.00 to $700.00 and set a "positive" rating for the company in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $620.68.

Lockheed Martin Trading Up 0.2%

Shares of LMT opened at $512.00 on Monday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $692.00. The company has a market capitalization of $118.05 billion, a P/E ratio of 24.79, a P/E/G ratio of 0.93 and a beta of 0.10. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. The firm's 50 day simple moving average is $537.77 and its 200 day simple moving average is $565.74.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts' consensus estimates of $6.79 by ($0.35). The company had revenue of $18.02 billion during the quarter, compared to analysts' expectations of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.Lockheed Martin's quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Sell-side analysts forecast that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be given a $3.45 dividend. The ex-dividend date is Monday, June 1st. This represents a $13.80 annualized dividend and a yield of 2.7%. Lockheed Martin's payout ratio is 66.83%.

More Lockheed Martin News

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

• Positive Sentiment: Some recent commentary suggests LMT may be benefiting from renewed attention on defense demand, with defense-stock bulls pointing to stronger munitions needs and ongoing U.S. military replenishment priorities. Article Title
• Positive Sentiment: Valuation-focused coverage argues Lockheed Martin may be undervalued after its recent decline, which could attract bargain hunters if investors believe the stock has overshot the fundamentals. Article Title
• Neutral Sentiment: Analyst targets remain above the current trading range, with recent price targets clustering well above where the stock is now, suggesting Wall Street still sees upside if execution stabilizes. Article Title
• Negative Sentiment: Investors remain focused on Lockheed Martin’s first-quarter miss, including lower-than-expected EPS and revenue, along with negative free cash flow, which has weighed on sentiment. Article Title
• Negative Sentiment: Coverage also highlights execution issues on major programs such as F-16, C-130, CH-53K, and Seahawk, adding to concerns that profit pressures could persist even if full-year guidance is unchanged. Article Title

About Lockheed Martin

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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