IFP Advisors Inc Lowers Position in Lockheed Martin Corporation $LMT

Key Points

• IFP Advisors cut its Lockheed Martin stake by 17.2% in the second quarter, selling 2,140 shares and retaining 10,332 shares valued at approximately $5.26 million. Institutional investors collectively own 74.19% of the company.
• Lockheed Martin reported stronger-than-expected quarterly results, with EPS of $7.94 and revenue of $20.06 billion, up 10.5% year over year. The company maintained fiscal 2026 EPS guidance of $29.95–$30.65.
• The stock was trading near $524.85 after declining 2.1%, while analysts maintained a consensus “Hold” rating with an average price target of $637.56. Lockheed also announced a quarterly dividend of $3.45 per share, yielding about 2.6% annually.

IFP Advisors Inc lessened its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 17.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 10,332 shares of the aerospace company's stock after selling 2,140 shares during the period. IFP Advisors Inc's holdings in Lockheed Martin were worth $5,264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of LMT. California State Teachers Retirement System increased its holdings in Lockheed Martin by 49,985.5% in the 2nd quarter. California State Teachers Retirement System now owns 163,027,709 shares of the aerospace company's stock worth $83,056,097,000 after acquiring an additional 162,702,210 shares in the last quarter. BlackRock Inc. purchased a new position in Lockheed Martin during the second quarter valued at approximately $9,617,574,000. Corient Private Wealth LP bought a new position in shares of Lockheed Martin in the second quarter worth approximately $101,960,000. Bank of New York Mellon Corp bought a new position in shares of Lockheed Martin in the second quarter worth approximately $645,258,000. Finally, Legal & General Group Plc purchased a new stake in shares of Lockheed Martin in the second quarter worth $497,469,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Down 2.1%

Lockheed Martin stock opened at $524.85 on Thursday. The stock has a market cap of $121.13 billion, a P/E ratio of 19.35, a PEG ratio of 1.17 and a beta of 0.10. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00. The firm's 50 day moving average price is $556.64 and its 200-day moving average price is $567.05.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping the consensus estimate of $7.22 by $0.72. The firm had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.46 earnings per share. 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 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LMT. TD Cowen decreased their price objective on shares of Lockheed Martin from $600.00 to $560.00 and set a "hold" rating on the stock in a research report on Monday, July 13th. Royal Bank Of Canada upped their target price on shares of Lockheed Martin from $575.00 to $600.00 and gave the stock a "sector perform" rating in a report on Friday, July 24th. Wall Street Zen upgraded Lockheed Martin from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 29th. Morgan Stanley raised their price target on Lockheed Martin from $653.00 to $690.00 and gave the company an "equal weight" rating in a report on Friday, July 24th. Finally, Weiss Ratings upgraded Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Lockheed Martin has a consensus rating of "Hold" and an average target price of $637.56.

Lockheed Martin News Roundup

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

• Positive Sentiment: Ukraine-related Patriot demand: The European Union approved Ukraine’s purchase of Patriot air-defense systems, potentially benefiting Lockheed Martin as Western governments replenish missile inventories and expand their arsenals. Lockheed Poised to Benefit as EU Approves Ukraine’s Purchase of Patriot Missiles
• Positive Sentiment: UBS upgrade and missile growth outlook: UBS upgraded LMT to Buy from Neutral and raised its price target to $674 from $581, citing underappreciated missile demand, F-35 sustainment revenue and other multiyear defense programs. UBS projects Lockheed’s missiles and fire-control revenue could grow 150% through 2030. UBS upgrades Lockheed Martin to Buy, sees 26% upside on missile growth
• Positive Sentiment: International order activity: Sweden agreed to purchase a Lockheed Martin missile system in a deal valued at approximately $729 million, adding to evidence of strong global demand. Sweden to buy Lockheed Martin missile system in $729M deal
• Positive Sentiment: PAC-3 production support: Lockheed awarded L3Harris a $4.7 billion contract for PAC-3 MSE propulsion, supporting the expansion of a key missile-defense program and its supply chain. Lockheed Martin Awards L3Harris $4.7 Billion PAC-3 MSE Propulsion Contract
• Neutral Sentiment: Sector sentiment remains mixed: Analysts continue to view rising global defense budgets as a multiyear tailwind, but defense stocks have recently lagged amid broader market and geopolitical uncertainty. The contrast may be encouraging short-term consolidation even as LMT’s long-term outlook improves. Time to Buy the Dip on Defense Stocks?

About Lockheed Martin

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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