Lockheed Martin Corporation $LMT Stock Sold by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management cut its Lockheed Martin stake by 11.7% in the second quarter, selling 66,081 shares and retaining 498,324 shares worth approximately $253.9 million. Institutional investors overall own 74.19% of the company.
• Lockheed reported quarterly earnings of $7.94 per share, exceeding estimates, while revenue rose 10.5% year over year to $20.06 billion. The company reaffirmed 2026 EPS guidance of $29.95–$30.65 and declared a quarterly dividend of $3.45 per share, yielding about 2.6% annually.
• Missile-defense growth, expanding international aircraft sales and new production agreements support the outlook, but investors remain focused on fixed-price contract risks, upfront JATM spending and concerns over F-35 technology security. Analysts maintain a consensus “Hold” rating with an average price target of $637.56.

Envestnet Asset Management Inc. reduced its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 11.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 498,324 shares of the aerospace company's stock after selling 66,081 shares during the period. Envestnet Asset Management Inc. owned 0.22% of Lockheed Martin worth $253,876,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Basso Capital Management L.P. acquired a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $25,000. Burnham & Co LLC acquired a new stake in Lockheed Martin during the second quarter worth approximately $25,000. Clarity Asset Management Inc. purchased a new stake in Lockheed Martin in the 4th quarter worth approximately $26,000. Field & Main Bank acquired a new position in Lockheed Martin in the 2nd quarter valued at $26,000. Finally, Bard Associates Inc. acquired a new position in Lockheed Martin in the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed’s missile-defense business is gaining momentum as higher production of PAC-3 MSE, THAAD and PrSM systems lifts sales, profit potential and backlog. New seven-year framework agreements are intended to triple PAC-3 MSE and quadruple THAAD interceptor capacity, strengthening the outlook for the Missiles and Fire Control segment. Is Lockheed Martin Entering a New Growth Cycle Through Missile Defense?
• Positive Sentiment: Analysts and market commentators describe LMT as undervalued relative to its backlog and a potentially extended defense-restocking cycle. Recent awards exceeding $1.3 billion and growing demand for several offerings could provide catalysts if contract wins translate into earnings and cash flow. Lockheed's Stock Hasn't Priced In Its Own Backlog
• Positive Sentiment: Mexico ordered a second C-130J-30 Super Hercules, expanding Lockheed’s international aircraft customer base and reinforcing demand for its air-mobility platform. Mexico Expands C-130J Super Hercules Fleet
• Positive Sentiment: A framework agreement to accelerate AIM-260 JATM production provides a long-term demand signal and could lead to a larger multiyear procurement commitment. Lockheed Martin Is Spending Ahead on JATM
• Neutral Sentiment: Lockheed and IBM launched a quantum innovation hub in Switzerland. The initiative may create strategic technology opportunities, but meaningful financial returns are likely to take years. Could IBM and Lockheed Martin’s Quantum Bet Face a Long Road to Returns?
• Negative Sentiment: Investors remain concerned about fixed-price contract exposure, program charges and the possibility that Lockheed’s upfront spending on JATM will precede revenue and profit recognition.
• Negative Sentiment: Reports that Chinese authorities may possess F-35 components in Hong Kong raise supply-chain, technology-security and geopolitical concerns surrounding Lockheed’s flagship fighter program. Chinese Authorities Reportedly in Possession of F-35 Components

Analyst Upgrades and Downgrades

LMT has been the topic of a number of recent analyst reports. Weiss Ratings raised Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a research note on Monday, July 27th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Lockheed Martin in a research report on Friday, May 29th. Morgan Stanley raised their price target on Lockheed Martin from $653.00 to $690.00 and gave the stock an "equal weight" rating in a research note on Friday, July 24th. Finally, Citigroup lifted their price target on Lockheed Martin from $641.00 to $691.00 and gave the company a "buy" rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $637.56.

Lockheed Martin Trading Down 0.2%

Shares of LMT opened at $523.60 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $120.84 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 1.13 and a beta of 0.10. The stock's fifty day simple moving average is $557.38 and its 200 day simple moving average is $556.94. Lockheed Martin Corporation has a twelve month low of $437.25 and a twelve month high of $692.00.

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

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin's dividend payout ratio is 50.87%.

About Lockheed Martin

Lockheed Martin Corporation is a global aerospace, defense and technology company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense serving as its largest customer. Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

The company's products and services include military aircraft such as the F-35 Lightning II, F-16 and C-130; air and missile defense systems; precision weapons; helicopters and maritime systems; radar, sensors and command-and-control technologies; satellites; space exploration systems; and missile-warning and strategic defense capabilities.

Lockheed Martin was created in 1995 through the merger of Lockheed Corporation and Martin Marietta.

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