Curry Webb Wealth Management LLC Buys 4,542 Shares of Lockheed Martin Corporation $LMT

Key Points

• Curry Webb Wealth Management initiated a Lockheed Martin position by purchasing 4,542 shares valued at approximately $2.3 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, while raising its 2026 sales and EPS outlook. Its backlog reached a record $292 billion, supported by strong missile demand and a 10-year framework for 850 F-35 aircraft.
• The company increased its quarterly dividend from $3.45 to $3.60 per share, bringing the annualized dividend to $14.40 and the yield to about 2.4%. Analysts maintain a “Moderate Buy” consensus with an average price target of $627.10.

Curry Webb Wealth Management LLC bought a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,542 shares of the aerospace company's stock, valued at approximately $2,313,000. Lockheed Martin comprises about 0.9% of Curry Webb Wealth Management LLC's investment portfolio, making the stock its 24th biggest holding.

A number of other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Lockheed Martin in the second quarter valued at about $9,617,574,000. Corient Private Wealth LP acquired a new stake in shares of Lockheed Martin during the second quarter worth approximately $101,960,000. Bank of New York Mellon Corp acquired a new stake in shares of Lockheed Martin during the second quarter worth approximately $645,258,000. Legal & General Group Plc bought a new position in shares of Lockheed Martin in the second quarter valued at approximately $497,469,000. Finally, Diamant Asset Management Inc. raised its stake in shares of Lockheed Martin by 60,339.0% in the first quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company's stock valued at $531,493,000 after acquiring an additional 877,932 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin News Roundup

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

Lockheed Martin Trading Up 6.7%

LMT opened at $588.64 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $135.85 billion, a PE ratio of 21.70, a PEG ratio of 1.19 and a beta of 0.09. Lockheed Martin Corporation has a 1-year low of $437.25 and a 1-year high of $692.00. The firm has a 50-day moving average price of $538.59 and a two-hundred day moving average price of $541.86.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share for the quarter, topping analysts' consensus estimates of $7.52 by $0.45. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company had revenue of $20.71 billion during the quarter, compared to the consensus estimate of $20.48 billion. During the same period in the previous year, the firm posted $6.95 earnings per share. The company's revenue was up 11.3% on a year-over-year basis. As a group, equities analysts anticipate that Lockheed Martin Corporation will post 30.43 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LMT. Morgan Stanley boosted their target price on Lockheed Martin from $653.00 to $690.00 and gave the stock an "equal weight" rating in a report on Friday, July 24th. UBS Group reaffirmed a "buy" rating and set a $653.00 price target on shares of Lockheed Martin in a report on Friday, October 16th. Citigroup lifted their price objective on Lockheed Martin from $641.00 to $691.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Robert W. Baird set a $700.00 price objective on Lockheed Martin in a research report on Friday, July 24th. Finally, Wall Street Zen lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, October 17th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $627.10.

Lockheed Martin Company Profile

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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