Lockheed Martin Corporation $LMT Shares Sold by Confluence Wealth Services Inc.

Key Points

• Confluence Wealth Services reduced its Lockheed Martin stake by 55.8% in Q4, selling 2,400 shares and now holding 1,904 shares valued at about $921,000.
• Lockheed Martin missed Q1 estimates—EPS $6.44 vs. $6.79 expected and revenue $18.02B vs. $18.38B—and reported negative free cash flow (~‑$291M) due to fixed‑price contract costs and production slowdowns, which pressured the shares.
• The company reaffirmed FY2026 guidance (EPS $29.35–30.25) backed by a record backlog and defense spending tailwinds, and pays a quarterly dividend of $3.45 (annualized $13.80, ~2.6% yield).

Confluence Wealth Services Inc. reduced its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 55.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,904 shares of the aerospace company's stock after selling 2,400 shares during the quarter. Confluence Wealth Services Inc.'s holdings in Lockheed Martin were worth $921,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Newbridge Financial Services Group Inc. boosted its position in shares of Lockheed Martin by 3.2% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 583 shares of the aerospace company's stock worth $282,000 after acquiring an additional 18 shares in the last quarter. McGlone Suttner Wealth Management Inc. grew its holdings in shares of Lockheed Martin by 2.0% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 985 shares of the aerospace company's stock worth $476,000 after purchasing an additional 19 shares during the last quarter. Sheets Smith Wealth Management grew its holdings in shares of Lockheed Martin by 2.2% during the fourth quarter. Sheets Smith Wealth Management now owns 873 shares of the aerospace company's stock worth $422,000 after purchasing an additional 19 shares during the last quarter. Fulton Breakefield Broenniman LLC grew its holdings in shares of Lockheed Martin by 2.3% during the fourth quarter. Fulton Breakefield Broenniman LLC now owns 852 shares of the aerospace company's stock worth $412,000 after purchasing an additional 19 shares during the last quarter. Finally, Wealth Advisory Solutions LLC grew its holdings in shares of Lockheed Martin by 3.7% during the fourth quarter. Wealth Advisory Solutions LLC now owns 554 shares of the aerospace company's stock worth $268,000 after purchasing an additional 20 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

NYSE LMT opened at $530.27 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $692.00. The business's 50-day moving average price is $631.13 and its 200 day moving average price is $552.93. The firm has a market cap of $122.21 billion, a P/E ratio of 24.68, a P/E/G ratio of 0.99 and a beta of 0.23.

Lockheed Martin (NYSE:LMT - Get Free Report) last released 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). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company had revenue of $18.02 billion for the quarter, compared to analysts' expectations of $18.38 billion. During the same period in the prior year, the business earned $7.28 EPS. The business's quarterly revenue was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, equities research analysts expect that Lockheed Martin Corporation will post 29.97 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 2nd were issued a dividend of $3.45 per share. The ex-dividend date of this dividend was Monday, March 2nd. 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 currently 64.22%.

Key Lockheed Martin News

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

• Positive Sentiment: Peru selected Lockheed to buy 12 F‑16 Block 70 fighters — a direct international order that supports near‑term aircraft production and backlog. Read More. Read More.
• Positive Sentiment: Defense spending tailwinds and Lockheed’s record backlog (especially missile and munitions demand) underpin revenue visibility over the medium term. Read More.
• Neutral Sentiment: Management reaffirmed FY2026 guidance (EPS range $29.35–30.25; revenue $77.5B–$80.0B), which roughly tracks consensus but slightly under some expectations — this leaves guidance intact but not a catalyst. Read More.
• Neutral Sentiment: CEO commentary framed a favorable policy backdrop (comments about the incoming Pentagon), signaling intent to pursue growth under higher U.S. defense budgets — strategic tone is positive but not immediate cash impact. Read More.
• Negative Sentiment: Q1 EPS of $6.44 missed consensus (~$6.79) and revenue of ~$18.0B missed estimates — the headline miss is the primary driver of the share decline. Read More.
• Negative Sentiment: Free cash flow turned negative (reported ~‑$291M) and cash from operations was weak; fixed‑price contract costs and production slowdowns on F‑16/C‑130 programs increased costs and pressured margins. Those operational issues are causing investor concern about near‑term execution. Read More. Read More.
• Negative Sentiment: Analyst reactions mixed: some premarket downgrades/price‑target adjustments and near‑term selling pressure as investors digest the miss; watch revisions to estimates and cash‑flow metrics. Read More.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Morgan Stanley set a $675.00 price objective on Lockheed Martin in a report on Wednesday, February 4th. Wall Street Zen lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 22nd. The Goldman Sachs Group raised their price objective on Lockheed Martin from $464.00 to $517.00 and gave the stock a "sell" rating in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on Lockheed Martin from $492.00 to $611.00 and gave the stock a "hold" rating in a report on Friday, January 30th. Finally, BNP Paribas Exane raised their price objective on Lockheed Martin from $740.00 to $770.00 and gave the stock an "outperform" rating in a report on Tuesday, April 7th. Seven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $646.16.

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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