Intech Investment Management LLC Acquires 26,790 Shares of Lockheed Martin Corporation $LMT

Key Points

• Intech Investment Management LLC increased its Lockheed Martin stake by 37.4% in the fourth quarter, buying 26,790 additional shares to bring its total holdings to 98,439 shares worth about $47.6 million.
• Institutional ownership remains strong, with several other funds also adding positions and 74.19% of Lockheed Martin shares held by institutional investors overall.
• Analysts are cautious on the stock: recent target cuts from TD Cowen, Citi, and Deutsche Bank helped keep the consensus rating at Hold, even as Lockheed benefits from defense demand and contract wins.

Intech Investment Management LLC boosted its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 37.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,439 shares of the aerospace company's stock after acquiring an additional 26,790 shares during the quarter. Intech Investment Management LLC's holdings in Lockheed Martin were worth $47,612,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Oppenheimer & Co. Inc. increased its stake in shares of Lockheed Martin by 9.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 39,410 shares of the aerospace company's stock worth $19,674,000 after purchasing an additional 3,352 shares in the last quarter. Welch Group LLC raised its holdings in Lockheed Martin by 1.5% in the 4th quarter. Welch Group LLC now owns 132,684 shares of the aerospace company's stock worth $64,175,000 after purchasing an additional 1,999 shares during the period. Jain Global LLC bought a new position in Lockheed Martin in the 3rd quarter worth $38,064,000. Atlantic Union Bankshares Corp raised its holdings in Lockheed Martin by 182.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 37,014 shares of the aerospace company's stock worth $18,478,000 after purchasing an additional 23,888 shares during the period. Finally, Clough Capital Partners L P bought a new position in Lockheed Martin in the 3rd quarter worth $31,018,000. 74.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

LMT has been the topic of a number of recent research reports. TD Cowen decreased their target price on Lockheed Martin from $670.00 to $600.00 and set a "hold" rating on the stock in a report on Friday, April 24th. Citigroup decreased their target price on Lockheed Martin from $675.00 to $571.00 and set a "neutral" rating on the stock in a report on Monday, May 18th. The Goldman Sachs Group increased their price target on Lockheed Martin from $464.00 to $517.00 and gave the stock a "sell" rating in a research note on Monday, February 2nd. Argus increased their price target on Lockheed Martin from $530.00 to $735.00 and gave the stock a "buy" rating in a research note on Friday, March 6th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Lockheed Martin from $615.00 to $575.00 and set a "hold" rating for the company in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $620.68.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed Martin and Raytheon’s Javelin joint venture delivered the first Lightweight Command Launch Units to the U.S. Army, a concrete sign that next-generation missile-defense hardware is reaching end users and supporting future revenue visibility. Lockheed Martin Javelin Launcher Delivery Highlights Valuation Gap And Growth Watchpoints
• Positive Sentiment: The company is seeing rising demand for missile defense, sustainment, and autonomous systems, reinforcing the view that Lockheed’s core defense portfolio still has strong backlog and long-term growth drivers. Lockheed Martin sees rising demand for missile defense, sustainment, autonomous systems
• Positive Sentiment: Lockheed Martin’s expansion of Alabama munitions capacity suggests management is investing for higher production volumes and better supply-chain resilience, which could support future sales and margins. Lockheed Martin Expands Alabama Munitions Capacity As Valuation Draws Investor Focus
• Positive Sentiment: The company also won a share of more than $1.1 billion in U.S. defense contracts, including work tied to F-35 and MLRS support, adding near-term revenue support. LMT, RTX Win Big US Defense Contracts Worth Over $1.1B
• Neutral Sentiment: Analysts and media coverage are debating Lockheed Martin versus Boeing as a 2026 industrials buy, with Lockheed favored for steadier defense cash flows while Boeing offers more cyclical upside. Lockheed Martin vs. Boeing: Which Industrials Stock Is a Better Buy in 2026?
• Neutral Sentiment: Citi cut its price target on Lockheed Martin to $571 from $675 while keeping a Neutral rating, which may cap enthusiasm even as the stock benefits from strong defense demand. Is Lockheed Martin (LMT) One of the Best Blue Chip Stocks to Buy for Your Retirement Portfolio?
• Negative Sentiment: Defense-program commentary on F-35 Block 4 funding and upcoming PTMS analysis highlights execution and budget scrutiny, which could pressure sentiment if costs rise or upgrades slip. F-35 Program And Lockheed Martin To Finish F-35 PTMS Analysis Soon, As HASC Argues Block 4 “Underfunded”

Lockheed Martin Trading Up 1.1%

Shares of LMT stock opened at $536.93 on Friday. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $692.00. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. The firm has a market capitalization of $123.80 billion, a PE ratio of 26.00, a PEG ratio of 0.96 and a beta of 0.10. The stock has a fifty day simple moving average of $568.83 and a two-hundred day simple moving average of $558.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.79 by ($0.35). The business had revenue of $18.02 billion during 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 company's quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, analysts predict that Lockheed Martin Corporation will post 29.88 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be given a dividend of $3.45 per share. The ex-dividend date is Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. Lockheed Martin's dividend payout ratio (DPR) is presently 66.83%.

About Lockheed Martin

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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