Lockheed Martin Corporation $LMT Stock Sold by Confluence Investment Management LLC

Key Points

• Confluence Investment Management reduced its Lockheed Martin stake by 4.6% in the third quarter, selling 11,945 shares, but still held 246,632 shares valued at approximately $125.6 million. Institutional investors collectively own 74.19% of the company.
• Lockheed Martin reported strong quarterly results, with EPS of $7.94 beating estimates and revenue rising 10.5% year over year to $20.06 billion. The company reaffirmed 2026 EPS guidance of $29.95–$30.65 and pays a $3.45 quarterly dividend, yielding about 2.7%.
• The stock recently traded near $506, below its 50- and 200-day moving averages, while analysts maintained a consensus “Hold” rating with a $637.56 price target. Positive developments include expanded F-35 and Black Hawk programs, though a reported F-35 parts shipping incident may increase supply-chain scrutiny.

Confluence Investment Management LLC lowered its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 246,632 shares of the aerospace company's stock after selling 11,945 shares during the period. Lockheed Martin comprises about 1.9% of Confluence Investment Management LLC's investment portfolio, making the stock its 8th biggest position. Confluence Investment Management LLC owned 0.11% of Lockheed Martin worth $125,598,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. QRG Capital Management Inc. increased its holdings in shares of Lockheed Martin by 0.6% in the second quarter. QRG Capital Management Inc. now owns 13,021 shares of the aerospace company's stock worth $6,634,000 after buying an additional 80 shares during the period. State Street Corp boosted its holdings in Lockheed Martin by 1.3% during the 2nd quarter. State Street Corp now owns 32,975,170 shares of the aerospace company's stock valued at $16,799,530,000 after acquiring an additional 419,582 shares during the period. Silicon Valley Capital Partners grew its position in Lockheed Martin by 2.6% during the 2nd quarter. Silicon Valley Capital Partners now owns 1,371 shares of the aerospace company's stock worth $699,000 after acquiring an additional 35 shares during the last quarter. Wellington Altus USA Inc. purchased a new position in Lockheed Martin in the 2nd quarter worth approximately $199,000. Finally, U S Wealth Group LLC. increased its stake in Lockheed Martin by 14.8% in the 2nd quarter. U S Wealth Group LLC. now owns 7,555 shares of the aerospace company's stock worth $3,849,000 after purchasing an additional 973 shares during the period. 74.19% of the stock is owned by institutional investors.

Lockheed Martin News Summary

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

• Positive Sentiment: Finland received its first two permanently based F-35A aircraft, marking the start of its fifth-generation fighter capability. The milestone supports the international F-35 production pipeline and Lockheed Martin’s multiyear revenue visibility. Finland and Lockheed Martin Celebrate Historic Arrival of First Finnish F-35
• Positive Sentiment: Lockheed Martin and Sikorsky reached a new production agreement with the U.S. Army intended to accelerate Black Hawk helicopter deliveries to U.S. and allied forces, potentially improving execution and future order flow. Sikorsky and U.S. Army Reach Production Agreement
• Positive Sentiment: The U.S. Navy activated a second Lockheed Martin MD-5C drone control station for the MQ-25A Stingray program, highlighting adoption of the company’s Skunk Works MDCX autonomy platform and expanding unmanned-systems opportunities. U.S. Navy Doubles UAS Command and Control Capacity
• Neutral Sentiment: Lockheed Martin scheduled its third-quarter 2026 earnings release and webcast for Oct. 22. The event is the next major catalyst, with investors focused on guidance, cash flow, delivery performance and demand across missiles, aircraft and space programs. Third Quarter 2026 Earnings Results Webcast
• Neutral Sentiment: Industry research projects strong growth in military embedded systems through 2035, potentially benefiting Lockheed Martin’s electronics, autonomy and mission-systems businesses, although the report is not a company-specific contract or forecast. Military Embedded Systems Market Outlook
• Negative Sentiment: A report said F-35 parts were inadvertently exposed to China after a shipping incident. The immediate financial impact appears limited, but the episode could raise scrutiny around supply-chain controls and sensitive defense technology. F-35 Parts Shipping Incident

Lockheed Martin Stock Down 0.6%

NYSE:LMT traded down $3.02 during mid-day trading on Thursday, hitting $506.23. 318,363 shares of the company's stock were exchanged, compared to its average volume of 1,458,304. The company has a market cap of $116.83 billion, a PE ratio of 18.65, a P/E/G ratio of 1.11 and a beta of 0.10. 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 Corporation has a one year low of $437.25 and a one year high of $692.00. The business has a fifty day moving average price of $557.79 and a 200 day moving average price of $553.00.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same period last year, the business earned $1.46 earnings per share. The business's revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities analysts predict that Lockheed Martin Corporation will post 30.44 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st were issued a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, September 1st. Lockheed Martin's payout ratio is 50.87%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LMT shares. Morgan Stanley increased their price objective on Lockheed Martin from $653.00 to $690.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. UBS Group raised shares of Lockheed Martin from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $581.00 to $674.00 in a research note on Tuesday, September 8th. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a research note on Friday, July 24th. Weiss Ratings lowered shares of Lockheed Martin from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, September 24th. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of Lockheed Martin in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $637.56.

About Lockheed Martin

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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