First Citizens Bank & Trust Co. Purchases 4,755 Shares of Lockheed Martin Corporation $LMT

Key Points

• First Citizens Bank & Trust Co. more than doubled its Lockheed Martin position in the third quarter, purchasing 4,755 additional shares for a total of 8,339 shares valued at approximately $4.25 million.
• Lockheed Martin is expanding its defense manufacturing capacity through a $300 million Texas facility investment, automation partnerships and increased solid rocket motor production, supported by demand for PAC-3 and THAAD interceptors.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and average target price of $630.48, although investors continue to monitor execution risks, leverage and past fixed-price contract losses. The company also raised its quarterly dividend to $3.60 per share.

First Citizens Bank & Trust Co. lifted its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 132.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,339 shares of the aerospace company's stock after acquiring an additional 4,755 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in Lockheed Martin were worth $4,247,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. IAG Wealth Partners LLC grew its holdings in Lockheed Martin by 4,800.0% during the 1st quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company's stock worth $30,000 after acquiring an additional 48 shares in the last quarter. Burnham & Co LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter valued at about $25,000. Basso Capital Management L.P. bought a new stake in shares of Lockheed Martin in the 4th quarter valued at about $25,000. Field & Main Bank bought a new stake in shares of Lockheed Martin in the 2nd quarter valued at about $26,000. Finally, TD Capital Management LLC lifted its position in shares of Lockheed Martin by 450.0% in the 4th quarter. TD Capital Management LLC now owns 55 shares of the aerospace company's stock worth $27,000 after purchasing an additional 45 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Key Lockheed Martin News

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

• Positive Sentiment: Lockheed Martin announced a $300 million expansion of its Grand Prairie, Texas, facility, increasing its manufacturing footprint to more than 735,000 square feet. The company expects the broader expansion to support 6,000 U.S. jobs, including 2,000 in Texas, and accelerate production of advanced munitions. Lockheed Martin Expands Advanced Munitions Manufacturing in Texas
• Positive Sentiment: A seven-year agreement with Hadrian will bring automated manufacturing technology into Lockheed Martin’s Missiles and Fire Control facility, potentially improving production speed and supply-chain capacity for critical missile systems. Hadrian Expands Partnership with Lockheed Martin
• Positive Sentiment: The company is expanding solid rocket motor production with Avio for systems including Extended Range GMLRS and Precision Strike Missile, while its PAC-3 Edge interceptor launch reinforces its position in hypersonic and advanced missile defense. Lockheed Martin and Avio Announce Strategic Cooperation Agreement
• Positive Sentiment: Investors are also factoring in a quarterly dividend increase to $3.60 per share and continued demand for PAC-3 MSE and THAAD interceptors ahead of Lockheed Martin’s October 22 earnings report.
• Neutral Sentiment: Analyst opinion is divided: Vertical Research views LMT as a buy, while Bernstein is more cautious. The debate centers on whether strong defense demand will outweigh execution and valuation concerns. Why Lockheed Martin Stock Popped Today
• Negative Sentiment: Investors remain mindful of past fixed-price contract problems, including $1.6 billion in reach-forward losses in 2025, elevated leverage and recent insider selling. The stock’s discount to its historical average could represent either a value opportunity or continued concern about execution. Lockheed Martin Trades Below Its Historical Average

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LMT shares. Morgan Stanley increased their price objective on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. Jefferies Financial Group reissued a "hold" rating on shares of Lockheed Martin in a research note on Wednesday, September 2nd. Barclays initiated coverage on shares of Lockheed Martin in a research note on Friday, October 9th. They issued an "equal weight" rating and a $554.00 price objective for the company. Weiss Ratings upgraded Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, October 9th. Finally, Sanford C. Bernstein dropped their target price on Lockheed Martin from $629.00 to $564.00 and set a "market perform" rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $630.48.

Lockheed Martin Trading Up 3.5%

NYSE:LMT opened at $521.61 on Thursday. The stock has a market capitalization of $120.38 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.09 and a beta of 0.09. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. The firm has a 50 day moving average of $543.57 and a 200 day moving average of $544.37.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.22 by $0.72. The business had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, sell-side analysts anticipate that Lockheed Martin Corporation will post 30.44 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be given a $3.60 dividend. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.45. Lockheed Martin's payout ratio is 53.08%.

Lockheed Martin Profile

Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.

Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.

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