Fifth Third Bancorp Boosts Stake in Lockheed Martin Corporation $LMT

Key Points

• Fifth Third Bancorp increased its stake in Lockheed Martin by 87.7% in the first quarter, adding 63,022 shares to bring its total holdings to 134,849 shares worth about $81.5 million.
• Institutional ownership remains heavy, with 74.19% of Lockheed Martin shares held by hedge funds and other institutional investors. Other funds also reported modest to sizable position increases during the quarter.
• Analysts are mixed on LMT: the stock carries a consensus Hold rating and an average price target of $609.68. Recent earnings missed estimates, though the company still pays a quarterly dividend of $3.45 per share, yielding about 2.6%.

Fifth Third Bancorp grew its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 87.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 134,849 shares of the aerospace company's stock after purchasing an additional 63,022 shares during the period. Fifth Third Bancorp owned approximately 0.06% of Lockheed Martin worth $81,501,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of LMT. Glass Wealth Management Co LLC increased its position in shares of Lockheed Martin by 1.0% during the first quarter. Glass Wealth Management Co LLC now owns 9,709 shares of the aerospace company's stock valued at $5,868,000 after acquiring an additional 96 shares during the last quarter. Markel Group Inc. lifted its holdings in shares of Lockheed Martin by 1.1% in the 1st quarter. Markel Group Inc. now owns 65,213 shares of the aerospace company's stock worth $39,414,000 after acquiring an additional 700 shares during the last quarter. Sachetta LLC boosted its position in shares of Lockheed Martin by 39.2% during the 1st quarter. Sachetta LLC now owns 103 shares of the aerospace company's stock worth $62,000 after purchasing an additional 29 shares during the period. WealthShield Partners LLC boosted its position in shares of Lockheed Martin by 9.2% during the 1st quarter. WealthShield Partners LLC now owns 4,363 shares of the aerospace company's stock worth $2,637,000 after purchasing an additional 369 shares during the period. Finally, Triton Wealth Management PLLC increased its holdings in Lockheed Martin by 124.8% in the 1st quarter. Triton Wealth Management PLLC now owns 1,007 shares of the aerospace company's stock valued at $621,000 after purchasing an additional 559 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on LMT shares. DZ Bank raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. lowered their price target on Lockheed Martin from $680.00 to $605.00 and set a "neutral" rating for the company in a research report on Tuesday, May 5th. Jefferies Financial Group set a $575.00 price objective on Lockheed Martin in a report on Thursday, June 25th. BNP Paribas Exane decreased their target price on Lockheed Martin from $770.00 to $680.00 and set an "outperform" rating on the stock in a research note on Friday, April 24th. Finally, UBS Group lowered their target price on Lockheed Martin from $683.00 to $538.00 in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $609.68.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $523.06 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The stock has a market capitalization of $120.60 billion, a PE ratio of 25.33, a P/E/G ratio of 0.94 and a beta of 0.11. The firm has a 50 day moving average of $521.71 and a two-hundred day moving average of $571.07.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing analysts' consensus estimates of $6.79 by ($0.35). The company had revenue of $18.02 billion for 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%.The firm's revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, research analysts predict that Lockheed Martin Corporation will post 29.94 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 1st were issued a dividend of $3.45 per share. The ex-dividend date was Monday, June 1st. This represents a $13.80 annualized dividend and a yield of 2.6%. Lockheed Martin's dividend payout ratio is 66.83%.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: Several reports argue that Lockheed Martin looks attractive on a value basis versus peer Howmet Aerospace, highlighting LMT as a potentially stronger choice for value investors. LMT or HWM: Which Is the Better Value Stock Right Now?
• Positive Sentiment: Commentary around the proposed 2027 defense budget suggests the bull case for Lockheed Martin remains compelling, reinforcing expectations for steady government demand. Lockheed Martin: The Proposed 2027 Defense Budget Makes The Bull Case Hard To Ignore
• Positive Sentiment: MarketBeat noted Lockheed Martin’s large backlog and new Defense Department contracts as evidence of a strong defense “moat,” which supports revenue visibility. Lockheed Martin Secures the Ultimate Defense Moat
• Positive Sentiment: Goldman Sachs won a $70 billion retirement-asset mandate from Lockheed Martin, a sign of ongoing corporate financial activity that may be viewed positively by investors. Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin
• Neutral Sentiment: One article simply frames LMT as a “strong value stock” based on Zacks’ style scores, but it does not add a major new catalyst. Here's Why Lockheed Martin (LMT) is a Strong Value Stock
• Neutral Sentiment: Coverage about a defense investor’s view on the future of warfare is broadly supportive of the sector, but it does not specifically point to a direct move in Lockheed Martin. Defense Investor: 300 Companies Could Define the Future of Warfare
• Negative Sentiment: Recent coverage also points to Q1 2026 margin compression and a need to watch the upcoming earnings report, which may be limiting enthusiasm. Lockheed Martin Secures the Ultimate Defense Moat
• Negative Sentiment: Separately, LMT was recently noted as having a more significant dip than the broader market, reflecting some short-term weakness before today’s rebound. Lockheed Martin (LMT) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Lockheed Martin Company 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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