Great Lakes Advisors LLC Makes New Investment in Lockheed Martin Corporation $LMT

Key Points

• Great Lakes Advisors initiated a position of 18,239 Lockheed Martin shares worth approximately $9.3 million in the second quarter. Other major institutions also added or increased holdings, with institutional investors and hedge funds owning 74.19% of the stock.
• Lockheed Martin reported strong quarterly results, with $7.94 in earnings per share and $20.06 billion in revenue, exceeding analyst estimates and representing 10.5% year-over-year revenue growth. The company also issued fiscal 2026 EPS guidance of $29.95–$30.65.
• Shares opened at $608.30, while analysts maintained a mixed outlook with an overall “Hold” rating and an average price target of $632.39. Lockheed Martin declared a quarterly dividend of $3.45 per share, equivalent to a 2.3% annualized yield.

Great Lakes Advisors LLC acquired a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,239 shares of the aerospace company's stock, valued at approximately $9,292,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Lockheed Martin during the second quarter worth approximately $9,617,574,000. Bank of New York Mellon Corp acquired a new position in Lockheed Martin in the second quarter valued at approximately $645,258,000. Diamant Asset Management Inc. boosted its holdings in shares of Lockheed Martin by 60,339.0% during the 1st quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company's stock worth $531,493,000 after buying an additional 877,932 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Lockheed Martin by 107.3% during the 4th quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company's stock worth $625,784,000 after buying an additional 669,604 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $274,558,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 2.5%

Shares of NYSE:LMT opened at $608.30 on Wednesday. The business's 50 day moving average is $545.57 and its 200 day moving average is $576.49. Lockheed Martin Corporation has a 12-month low of $437.25 and a 12-month high of $692.00. The stock has a market cap of $140.39 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.04 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 released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating analysts' consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The business had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same period in the prior year, the firm posted $1.46 EPS. Lockheed Martin's quarterly revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, sell-side analysts forecast that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin's dividend payout ratio (DPR) is presently 50.87%.

Lockheed Martin News Roundup

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

• Positive Sentiment: The U.S. Department of Defense awarded Lockheed Martin multiple contracts worth more than $152 million. The awards are part of a broader Air Force effort involving 24 companies and up to $920 million, reinforcing demand for LMT’s defense systems and adding to its backlog. Lockheed Wins Slew Of Contracts. Air Force Doles Out $920 Mil Award.
• Positive Sentiment: Lockheed Martin validated the first Japanese Aegis System Equipped Vessel radar shipset. The milestone supports the company’s international naval-defense franchise and could improve confidence in future export and modernization opportunities. Lockheed Martin Validates First Japanese ASEV Radar Shipset
• Positive Sentiment: A major competitor, RTX Corporation, won a $22.9 billion, seven-year Navy Tomahawk contract and raised its 2026 guidance after beating second-quarter estimates. While the award goes to RTX, it highlights strong, multi-year U.S. defense spending and supports a favorable sector backdrop for LMT. RTX Stock Gets a Radar Lock on a $23B Navy Win
• Neutral Sentiment: Articles examining LMT’s valuation and performance relative to the S&P 500 suggest investors are weighing its strong defense outlook against the possibility that the shares already reflect much of the expected growth. Lockheed Martin: Is the Valuation Gap Getting Wider? What Comes Next for Lockheed Martin vs S&P 500?
• Negative Sentiment: United Launch Alliance, the Boeing-Lockheed joint venture, appointed Mark Peller as CEO after an extended interim period amid challenges surrounding its Vulcan rocket program. Leadership stability is constructive, but the reported program difficulties could keep pressure on LMT’s space-launch exposure. United Launch Alliance Names New CEO Amid Vulcan Rocket Travails

Wall Street Analysts Forecast Growth

LMT has been the subject of several research analyst reports. UBS Group reiterated a "neutral" rating and issued a $581.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. Royal Bank Of Canada increased their target price on shares of Lockheed Martin from $575.00 to $600.00 and gave the stock a "sector perform" rating in a research note on Friday, July 24th. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a research note on Friday, July 24th. TD Cowen dropped their price objective on shares of Lockheed Martin from $600.00 to $560.00 and set a "hold" rating on the stock in a report on Monday, July 13th. Finally, Wall Street Zen cut shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $632.39.

Lockheed Martin 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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