Manning & Napier Advisors LLC Sells 3,266 Shares of Lockheed Martin Corporation $LMT

Key Points

• Manning & Napier Advisors cut its Lockheed Martin stake by 16.3% in the first quarter, selling 3,266 shares and leaving it with 16,738 shares valued at about $10.1 million.
• Several reports remain broadly constructive on Lockheed Martin, citing its large defense backlog, new Pentagon contracts, and a supportive long-term defense budget outlook as reasons the stock still has a strong moat.
• Despite those positives, analysts are mixed: the consensus rating is Hold with an average price target of $609.68, while the company recently missed quarterly EPS and revenue estimates and saw some margin pressure.

Manning & Napier Advisors LLC trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 16.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,738 shares of the aerospace company's stock after selling 3,266 shares during the quarter. Manning & Napier Advisors LLC's holdings in Lockheed Martin were worth $10,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in LMT. Cerro Pacific Wealth Advisors LLC increased its stake in Lockheed Martin by 1.2% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company's stock valued at $665,000 after buying an additional 16 shares during the last quarter. Garner Asset Management Corp lifted its position in shares of Lockheed Martin by 0.9% during the 4th quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company's stock worth $839,000 after buying an additional 16 shares in the last quarter. Davis R M Inc. boosted its stake in shares of Lockheed Martin by 1.3% in the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company's stock worth $612,000 after buying an additional 16 shares during the last quarter. Broadway Wealth Solutions Inc. boosted its stake in shares of Lockheed Martin by 3.6% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company's stock worth $234,000 after buying an additional 17 shares during the last quarter. Finally, Aspire Growth Partners LLC grew its holdings in shares of Lockheed Martin by 0.7% in the fourth quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company's stock valued at $1,217,000 after acquiring an additional 17 shares in the last quarter. Institutional investors 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: Several reports argue that Lockheed Martin looks attractive on a value basis versus peer Howmet Aerospace, highlighting LMT as a potentially stronger choice for value investors. LMT or HWM: Which Is the Better Value Stock Right Now?
• Positive Sentiment: Commentary around the proposed 2027 defense budget suggests the bull case for Lockheed Martin remains compelling, reinforcing expectations for steady government demand. Lockheed Martin: The Proposed 2027 Defense Budget Makes The Bull Case Hard To Ignore
• Positive Sentiment: MarketBeat noted Lockheed Martin’s large backlog and new Defense Department contracts as evidence of a strong defense “moat,” which supports revenue visibility. Lockheed Martin Secures the Ultimate Defense Moat
• Positive Sentiment: Goldman Sachs won a $70 billion retirement-asset mandate from Lockheed Martin, a sign of ongoing corporate financial activity that may be viewed positively by investors. Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin
• Neutral Sentiment: One article simply frames LMT as a “strong value stock” based on Zacks’ style scores, but it does not add a major new catalyst. Here's Why Lockheed Martin (LMT) is a Strong Value Stock
• Neutral Sentiment: Coverage about a defense investor’s view on the future of warfare is broadly supportive of the sector, but it does not specifically point to a direct move in Lockheed Martin. Defense Investor: 300 Companies Could Define the Future of Warfare
• Negative Sentiment: Recent coverage also points to Q1 2026 margin compression and a need to watch the upcoming earnings report, which may be limiting enthusiasm. Lockheed Martin Secures the Ultimate Defense Moat
• Negative Sentiment: Separately, LMT was recently noted as having a more significant dip than the broader market, reflecting some short-term weakness before today’s rebound. Lockheed Martin (LMT) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wells Fargo & Company set a $575.00 price target on Lockheed Martin in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $680.00 to $605.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 5th. Sanford C. Bernstein restated a "market perform" rating on shares of Lockheed Martin in a research note on Friday, May 29th. Bank of America decreased their target price on Lockheed Martin from $660.00 to $600.00 and set a "neutral" rating for the company in a research report on Friday, April 24th. Finally, Royal Bank Of Canada lowered their target price on Lockheed Martin from $650.00 to $575.00 and set a "sector perform" rating on the stock in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Lockheed Martin has a consensus rating of "Hold" and an average target price of $609.68.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded up $4.80 during mid-day trading on Friday, reaching $523.06. The company had a trading volume of 662,167 shares, compared to its average volume of 1,280,062. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The firm has a market cap of $120.60 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 0.93 and a beta of 0.11. The company's 50-day moving average price is $521.71 and its 200-day moving average price is $570.46. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $692.00.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing the consensus estimate of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. During the same period last year, the company posted $7.28 earnings per share. Lockheed Martin's revenue for the quarter was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, equities research analysts anticipate that Lockheed Martin Corporation will post 29.94 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 1st were paid a dividend of $3.45 per share. The ex-dividend date was Monday, June 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. Lockheed Martin's dividend payout ratio is presently 66.83%.

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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