Lockheed Martin Corporation $LMT Shares Sold by Franklin Resources Inc.

Key Points

• Franklin Resources trimmed its Lockheed Martin stake by 5.0% in Q3, selling 87,899 shares and now holding 1,659,935 shares (~0.72% of the company) valued at about $828.66 million.
• Lockheed posted an EPS miss (Q: $5.80 vs. $6.33 expected) while revenue rose 9.1% to $20.32 billion, and analysts' consensus is a Hold with an average target of $618.95.
• The company announced a quarterly dividend of $3.45 (annualized $13.80, yield 2.1%) and has near-term revenue tailwinds from recent ~$761 million contract wins and ramped munitions production, though sector sentiment remains mixed.

Franklin Resources Inc. trimmed its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 5.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,659,935 shares of the aerospace company's stock after selling 87,899 shares during the period. Franklin Resources Inc. owned about 0.72% of Lockheed Martin worth $828,656,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Lockheed Martin by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company's stock valued at $10,048,993,000 after purchasing an additional 214,565 shares during the last quarter. Geode Capital Management LLC lifted its stake in Lockheed Martin by 0.4% during the second quarter. Geode Capital Management LLC now owns 4,884,954 shares of the aerospace company's stock worth $2,256,147,000 after purchasing an additional 19,459 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Lockheed Martin by 6.6% during the third quarter. Legal & General Group Plc now owns 1,022,940 shares of the aerospace company's stock worth $510,662,000 after buying an additional 63,430 shares during the period. AQR Capital Management LLC grew its stake in shares of Lockheed Martin by 6.9% in the second quarter. AQR Capital Management LLC now owns 863,839 shares of the aerospace company's stock valued at $400,079,000 after buying an additional 55,607 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Lockheed Martin by 16.6% in the second quarter. Ameriprise Financial Inc. now owns 761,382 shares of the aerospace company's stock valued at $347,381,000 after buying an additional 108,553 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: Sikorsky (a Lockheed Martin company) and Robinson unveiled the R66 TURBINETRUCK — an autonomous, cargo-focused R66 equipped with Sikorsky’s MATRIX autonomy. This expands Sikorsky’s addressable market for unmanned logistics/resupply and showcases tech that could win commercial and defense programs. GlobeNewswire: MATRIX into R66 TURBINETRUCK
• Positive Sentiment: Company reports and coverage note a push to ramp munitions production and expand facilities to meet near-term Middle East allied demand — a direct revenue driver that can lift sales in the quarters ahead. Yahoo: Lockheed ramps munitions output
• Positive Sentiment: Lockheed won roughly $761 million in U.S. defense contracts, another near-term revenue/profits boost and evidence of continued program wins. Investing.com: $761M contracts
• Positive Sentiment: Sikorsky is rolling out an upgraded S‑92A+ with rising global demand and operator renewals — supports aftermarket, production and services revenue. TipRanks: S-92A+ rollout
• Positive Sentiment: Analyst sentiment includes a higher price target ($735) and coverage arguing LMT is a long-term value pick — supportive for investor confidence and potential buying interest. AmericanBankingNews: Price target raised
• Positive Sentiment: Macro flows into defense ETFs as conflict in the region continues can provide sustained buyer demand for prime contractors like LMT. MarketBeat: Defense ETF rally
• Neutral Sentiment: Fundamental coverage (Zacks, others) highlights LMT as a long-term value/momentum stock — useful context but not an immediate catalyst. Zacks: Top value stock
• Negative Sentiment: Industry sentiment is mixed: a Barron’s piece notes defense stocks are slipping and that the Iran conflict hasn’t uniformly boosted the sector — sector weakness can pressure LMT despite company-specific wins. Barron's: Defense stocks are down
• Negative Sentiment: Valuation/positioning critiques (e.g., Seeking Alpha pieces) warn that much of LMT’s upside may already be priced in, which can limit further near-term gains and encourage profit-taking. Seeking Alpha: Upside priced in
• Negative Sentiment: Recent quarterly results showed an EPS miss (Jan 29) even as revenue grew — a reminder that execution, program losses and high leverage remain investor concerns.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $651.52 on Wednesday. The stock's 50-day moving average is $606.84 and its two-hundred day moving average is $521.64. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $692.00. The company has a market cap of $149.90 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 1.20 and a beta of 0.22.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same period in the prior year, the business earned $7.67 EPS. Lockheed Martin's revenue for the quarter was up 9.1% on a year-over-year basis. Analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be issued a $3.45 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $13.80 annualized dividend and a yield of 2.1%. Lockheed Martin's dividend payout ratio (DPR) is 64.22%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LMT shares. Jefferies Financial Group increased their target price on Lockheed Martin from $540.00 to $630.00 and gave the stock a "hold" rating in a research note on Sunday, February 1st. JPMorgan Chase & Co. lifted their target price on Lockheed Martin from $515.00 to $680.00 and gave the company a "neutral" rating in a research report on Friday, January 30th. Citigroup boosted their price target on shares of Lockheed Martin from $592.00 to $673.00 and gave the stock a "neutral" rating in a research note on Thursday, February 5th. BNP Paribas Exane increased their price target on shares of Lockheed Martin from $550.00 to $570.00 and gave the stock an "outperform" rating in a research report on Thursday, January 8th. Finally, DZ Bank lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and set a $665.00 price objective for the company. in a research note on Tuesday, February 3rd. Six investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $618.95.

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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