Engineers Gate Manager LP Decreases Holdings in Lockheed Martin Corporation $LMT

Key Points

• Engineers Gate Manager LP cut its Lockheed Martin holdings by 76.4% in the second quarter, selling 21,581 shares and retaining 6,674 shares valued at approximately $3.4 million. Institutional investors collectively own 74.19% of the company.
• Analyst sentiment remains mixed, with Lockheed Martin carrying a consensus “Hold” rating and an average price target of $637.56; UBS upgraded the stock to “Buy” and raised its target to $674, while TD Cowen lowered its target to $560.
• Lockheed Martin exceeded quarterly expectations with $7.94 in EPS and $20.06 billion in revenue, up 10.5% year over year. The company also declared a quarterly dividend of $3.45 per share, equal to a 2.6% annualized yield.

Engineers Gate Manager LP trimmed its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 76.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,674 shares of the aerospace company's stock after selling 21,581 shares during the period. Engineers Gate Manager LP's holdings in Lockheed Martin were worth $3,400,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IAG Wealth Partners LLC boosted its stake in Lockheed Martin by 4,800.0% in the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 48 shares during the last quarter. Burnham & Co LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $25,000. United Financial Planning Group LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter worth approximately $25,000. Basso Capital Management L.P. bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $25,000. Finally, Field & Main Bank purchased a new position in Lockheed Martin in the second quarter valued at approximately $26,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Sanford C. Bernstein reissued a "market perform" rating on shares of Lockheed Martin in a report on Friday, May 29th. Wall Street Zen downgraded shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday. Royal Bank Of Canada boosted their price target on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a "sector perform" rating in a research report on Friday, July 24th. UBS Group raised shares of Lockheed Martin from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $581.00 to $674.00 in a report on Tuesday, September 8th. Finally, TD Cowen reduced their price objective on shares of Lockheed Martin from $600.00 to $560.00 and set a "hold" rating for the company in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of "Hold" and a consensus price target of $637.56.

Lockheed Martin Stock Up 0.0%

LMT stock opened at $524.40 on Monday. The stock has a 50-day simple moving average of $555.94 and a two-hundred day simple moving average of $565.19. Lockheed Martin Corporation has a twelve month low of $437.25 and a twelve month high of $692.00. The firm has a market capitalization of $121.03 billion, a PE ratio of 19.33, a PEG ratio of 1.14 and a beta of 0.10. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34.

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

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a yield of 2.6%. Lockheed Martin's dividend payout ratio (DPR) is currently 50.87%.

More Lockheed Martin News

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

• Positive Sentiment: The U.S. Army confirmed that Lockheed Martin has advanced to the demonstration phase of the competition for the Integrated Fires Protection Capability Increment 2 second interceptor. Progress in the program could support future missile-defense orders, although a contract award is not yet assured. Army Confirms Lockheed Also Advances To Demo Phase Of IFPC Inc. 2 Second Interceptor Competition
• Positive Sentiment: UBS upgraded Lockheed Martin, citing a structural increase in defense demand that could provide durable support for the company’s backlog and revenue outlook. UBS sees a structural shift building at Lockheed Martin
• Positive Sentiment: Lockheed Martin and IBM are establishing a quantum-computing innovation hub at ETH Zurich, funded in part through Switzerland’s offset obligations related to its purchase of 36 F-35A aircraft. The IBM Quantum System Two will support research into navigation, materials science and other potential defense applications. The initiative strengthens Lockheed’s technology partnerships but is unlikely to materially affect near-term earnings. IBM, Lockheed Martin Announce Swiss Quantum Innovation Hub
• Neutral Sentiment: CEO Jim Taiclet and CFO Evan Scott are scheduled to participate in a Morgan Stanley conference. Investors may look for updates on demand, margins, cash flow and program execution. Lockheed Martin executives to speak at Morgan Stanley conference
• Negative Sentiment: Recent analysis cautions that fixed-price contracts could pressure margins if costs rise, while political scrutiny and shifting defense priorities may challenge traditional business practices. At roughly 17–18 times forward earnings and with a dividend yield near 2.6%, the valuation reflects some of these risks but leaves investors focused on execution. Lockheed Martin valuation and risk analysis

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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