Lockheed Martin Corporation $LMT Stock: D.A. Davidson & CO. Grows Position

Key Points

• D.A. Davidson increased its Lockheed Martin position by 5.5% in the third quarter, while institutional investors and hedge funds collectively own 74.19% of the company.
• Lockheed Martin exceeded quarterly expectations with $7.97 in EPS and $20.71 billion in revenue, up 11.3% year over year, and reported a record $292 billion backlog. A 10-year F-35 agreement further improved long-term visibility.
• Analysts maintain a “Moderate Buy” consensus with a $638.05 price target, but investors face risks from weaker margins, negative free cash flow, a potential pension charge, budget uncertainty and the stock’s sharp recent rally.

D.A. Davidson & CO. lifted its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 5.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 39,874 shares of the aerospace company's stock after purchasing an additional 2,085 shares during the quarter. D.A. Davidson & CO.'s holdings in Lockheed Martin were worth $20,306,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Lockheed Martin in the 2nd quarter valued at $9,617,574,000. Corient Private Wealth LP acquired a new position in shares of Lockheed Martin during the 2nd quarter valued at $101,960,000. Bank of New York Mellon Corp acquired a new position in shares of Lockheed Martin during the 2nd quarter valued at $645,258,000. Legal & General Group Plc purchased a new stake in Lockheed Martin during the 2nd quarter worth $497,469,000. Finally, Papamarkou Wellner Asset Management inc. boosted its position in Lockheed Martin by 20,302.9% during the 2nd quarter. Papamarkou Wellner Asset Management inc. now owns 627,798 shares of the aerospace company's stock worth $319,838,000 after purchasing an additional 624,721 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin News Summary

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

• Positive Sentiment: Lockheed Martin reported quarterly earnings of $7.97 per share, ahead of the $7.52 consensus estimate, while revenue reached $20.71 billion and rose 11.3% year over year. The earnings beat and improved outlook helped drive investor enthusiasm.
• Positive Sentiment: Management reported a record $292 billion backlog, providing substantial multiyear revenue visibility and reinforcing Lockheed Martin’s position as a leading large U.S. defense contractor. Is Lockheed Martin a Buy After Its Latest Earnings Report?
• Positive Sentiment: A 10-year F-35 agreement with the Pentagon is viewed as a major contract win, increasing long-term program visibility. Morgan Stanley responded by raising its price target and upgrading the stock to Overweight from Equal Weight. Lockheed just landed one of the biggest defense deals in years
• Positive Sentiment: Lockheed Martin demonstrated additional missile-defense and precision-strike capabilities by redirecting an in-flight GMLRS rocket during a U.S. Army test, potentially supporting future defense demand. Lockheed Martin Advances Joint Fires Capability
• Neutral Sentiment: Analyst fair-value estimates moved modestly higher, with estimates generally clustered between $600 and $700. The revisions reflect optimism over earnings and F-35 progress but also continued caution regarding cash generation and federal budget uncertainty. Lockheed Martin Stock Sees Modest Fair Value Lift
• Negative Sentiment: After its substantial October rally, some investors may take profits. Analysts and commentators also highlighted slipping margins, a troubled F-35 contract, negative quarterly free cash flow and a potential billion-dollar pension charge.
• Negative Sentiment: Upcoming U.S. budget decisions and the November midterm elections could affect defense priorities and spending, while the stock’s recent gains increase the risk of disappointment when management provides its next update in January.

Wall Street Analyst Weigh In

LMT has been the topic of a number of recent research reports. UBS Group boosted their price objective on Lockheed Martin from $653.00 to $692.00 and gave the stock a "buy" rating in a research note on Friday, October 23rd. Sanford C. Bernstein decreased their target price on Lockheed Martin from $629.00 to $564.00 and set a "market perform" rating for the company in a research report on Wednesday, October 14th. Wall Street Zen lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, October 17th. Weiss Ratings upgraded Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, October 9th. Finally, Morgan Stanley lifted their price objective on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $638.05.

Lockheed Martin Price Performance

LMT stock opened at $643.62 on Friday. The stock's 50 day moving average is $542.85 and its two-hundred day moving average is $568.44. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00. The company has a market capitalization of $148.68 billion, a PE ratio of 22.86, a P/E/G ratio of 1.34 and a beta of 0.09. The company has a quick ratio of 1.10, a current ratio of 1.26 and a debt-to-equity ratio of 2.04.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Thursday, October 22nd. The aerospace company reported $7.97 EPS for the quarter, beating the consensus estimate of $7.52 by $0.45. The company had revenue of $20.71 billion during the quarter, compared to analysts' expectations of $20.48 billion. Lockheed Martin had a return on equity of 83.41% and a net margin of 8.23%. The business's revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $6.95 EPS. Analysts predict that Lockheed Martin Corporation will post 30.59 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be paid a $3.60 dividend. This is a boost from Lockheed Martin's previous quarterly dividend of $3.45. The ex-dividend date is Tuesday, December 1st. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.2%. Lockheed Martin's dividend payout ratio (DPR) is currently 51.15%.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.