Lockheed Martin Corporation $LMT Shares Sold by Courier Capital LLC

Key Points

• Courier Capital LLC reduced its Lockheed Martin stake by 64.9% in the third quarter, selling 8,761 shares and retaining 4,742 shares valued at approximately $2.4 million.
• Lockheed Martin reported quarterly earnings of $7.94 per share, exceeding estimates, while revenue rose 10.5% year over year to $20.06 billion. The company also raised its quarterly dividend 4.3% to $3.60 per share.
• Shares recently traded at $503.72, down 1.6%, while analyst sentiment remained mixed: the consensus rating was “Hold” with an average price target of $634.50.

Courier Capital LLC cut its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 64.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,742 shares of the aerospace company's stock after selling 8,761 shares during the period. Courier Capital LLC's holdings in Lockheed Martin were worth $2,415,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. State Street Corp grew its holdings in shares of Lockheed Martin by 1.3% during the 2nd quarter. State Street Corp now owns 32,975,170 shares of the aerospace company's stock worth $16,799,530,000 after purchasing an additional 419,582 shares during the period. BlackRock Inc. purchased a new stake in Lockheed Martin during the 2nd quarter worth approximately $9,617,574,000. Corient Private Wealth LP purchased a new stake in shares of Lockheed Martin during the second quarter worth $101,960,000. Bank of New York Mellon Corp acquired a new stake in Lockheed Martin in the 2nd quarter valued at about $645,258,000. Finally, Legal & General Group Plc purchased a new stake in shares of Lockheed Martin in the 2nd quarter valued at approximately $497,469,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 1.6%

LMT traded down $8.16 during trading hours on Tuesday, reaching $503.72. 859,379 shares of the stock traded hands, compared to its average volume of 1,440,934. The firm's fifty day simple moving average is $546.39 and its two-hundred day simple moving average is $545.96. The company has a market cap of $116.25 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 1.11 and a beta of 0.09. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00. 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 (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 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 firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, analysts forecast that Lockheed Martin Corporation will post 30.44 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be given a dividend of $3.60 per share. The ex-dividend date is Tuesday, December 1st. This represents a $14.40 dividend on an annualized basis and a yield of 2.9%. This is an increase from Lockheed Martin's previous quarterly dividend of $3.45. Lockheed Martin's payout ratio is presently 50.87%.

Key Headlines Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed Martin and Italy’s Avio agreed to cooperate on expanding U.S. solid rocket motor production. Following qualification, initial manufacturing will support the Extended Range GMLRS and Precision Strike Missile programs, strengthening supply-chain resilience and potentially supporting future defense revenue. Lockheed Martin and Avio Announce Strategic Cooperation Agreement for Solid Rocket Motor Production
• Positive Sentiment: The company unveiled PAC-3 Edge, a next-generation interceptor designed for hypersonic and advanced missile threats. The launch reinforces Lockheed Martin’s position in air and missile defense and targets the U.S. Army’s Future Interceptor program. Lockheed Martin Debuts PAC 3 Edge Interceptor
• Positive Sentiment: Analysts highlighted approximately $114 million in GPS modernization awards and growing demand for secure satellite-navigation systems as potential catalysts for Lockheed Martin’s space business. Can GPS Modernization Strengthen Lockheed Martin’s Growth Outlook?
• Positive Sentiment: Lockheed Martin raised its quarterly dividend 4.3% to $3.60 per share, or $14.40 annually, providing an approximately 2.8% yield and signaling continued commitment to shareholder returns.
• Neutral Sentiment: Sikorsky introduced a containerized drone-deployment system, adding another capability to Lockheed Martin’s defense portfolio, although the immediate financial impact was not disclosed. Sikorsky Unveils Containerized Drone Deployment System
• Neutral Sentiment: Barclays initiated coverage with an “Equal Weight” rating, indicating limited near-term upside conviction. Lockheed Martin Stock Rated Equal Weight by Barclays
• Negative Sentiment: Investors remain concerned that Anduril’s lower-cost Steelfin interceptor could challenge Lockheed Martin’s Patriot and THAAD businesses, increasing competitive pressure in missile defense. Lockheed Martin Stock at Risk as Anduril Builds Cheaper Patriot THAAD Alternative

Analyst Upgrades and Downgrades

LMT has been the topic of several research analyst reports. Weiss Ratings raised Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday. Wall Street Zen raised Lockheed Martin from a "buy" rating to a "strong-buy" rating in a report on Sunday, September 20th. Jefferies Financial Group reissued a "hold" rating on shares of Lockheed Martin in a report on Wednesday, September 2nd. Rothschild & Co Redburn assumed coverage on Lockheed Martin in a report on Tuesday, October 6th. They issued a "buy" rating and a $650.00 target price for the company. Finally, Robert W. Baird set a $700.00 price target on Lockheed Martin in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $634.50.

Lockheed Martin Company 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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