Marathon Capital Management Increases Position in Lockheed Martin Corporation $LMT

Key Points

• Marathon Capital Management boosted its position in Lockheed Martin by 498.5% in Q4, adding 2,403 shares to hold 2,885 shares valued at $1.396 million.
• Lockheed missed Q1 estimates (EPS $6.44 vs. $6.79; revenue $18.02B vs. $18.38B), reported negative free cash flow and production delays, and faces mixed analyst reactions with a MarketBeat consensus rating of "Hold" and an average target of $632.32.

Marathon Capital Management grew its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 498.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,885 shares of the aerospace company's stock after buying an additional 2,403 shares during the period. Marathon Capital Management's holdings in Lockheed Martin were worth $1,396,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. Brighton Jones LLC raised its stake in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after acquiring an additional 191 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Lockheed Martin by 5.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company's stock valued at $451,000 after acquiring an additional 50 shares during the last quarter. Schnieders Capital Management LLC. raised its stake in Lockheed Martin by 17.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company's stock valued at $676,000 after acquiring an additional 215 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in Lockheed Martin by 36.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company's stock valued at $1,042,000 after acquiring an additional 595 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Lockheed Martin by 18.2% during the 2nd quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company's stock valued at $40,092,000 after acquiring an additional 13,300 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the company. Weiss Ratings raised Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 23rd. JPMorgan Chase & Co. upped their price objective on Lockheed Martin from $515.00 to $680.00 and gave the company a "neutral" rating in a research note on Friday, January 30th. Argus upped their price objective on Lockheed Martin from $530.00 to $735.00 and gave the company a "buy" rating in a research note on Friday, March 6th. Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, TD Cowen upped their price objective on Lockheed Martin from $600.00 to $670.00 and gave the company a "hold" rating in a research note on Friday, January 30th. Seven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $632.32.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $513.21 on Friday. The company has a market cap of $118.27 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 0.95 and a beta of 0.23. The stock has a 50 day simple moving average of $628.34 and a 200-day simple moving average of $552.93. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $692.00. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.79 by ($0.35). The business had revenue of $18.02 billion for the quarter, compared to analysts' expectations of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The business's quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the company posted $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, equities analysts forecast that Lockheed Martin Corporation will post 29.97 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 2nd were paid a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, March 2nd. Lockheed Martin's dividend payout ratio is 64.22%.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: Pentagon planning to raise F‑35 purchases. Proposed increases in USAF and Navy buys through 2030–31 could lift future F‑35 production volumes and revenue for Lockheed. Pentagon Plans Boost to F‑35 Orders
• Positive Sentiment: Peru agreed to buy 12 F‑16 Block 70 jets — a direct commercial sale that supports near‑term aircraft revenue and international aftermarket/upgrade opportunities. Peru Selects F‑16 Block 70
• Positive Sentiment: Lockheed picked up roles in U.S. missile‑defense programs (including the multi‑company “Golden Dome” awards) and DOD contracts to replenish Patriot inventories — supports sustained demand in missile & munitions franchises. Golden Dome Program Coverage Patriot Stockpile Report
• Neutral Sentiment: Q1 results included an FY‑2026 EPS range that largely reaffirmed guidance; that limits downside from a guidance shock but leaves execution risk on production and cash flow. Q1 Financial Results
• Neutral Sentiment: Positive program PR (Orion crewed flight, GPS III support) bolsters long‑term aerospace credibility but is less material to near‑term cash flow. Program/PR Coverage
• Negative Sentiment: Q1 miss on EPS ($6.44 vs. Street) and revenue shortfall; free cash flow turned negative and Lockheed cited production delays and fixed‑price contract pressure — the immediate catalyst for selling pressure. Q1 Results Coverage
• Negative Sentiment: Multiple analysts trimmed price targets (BNP Paribas Exane, RBC, Morgan Stanley, Deutsche Bank, Susquehanna), reflecting increased execution/cash‑flow risk and tempering near‑term upside. Analyst PT Changes
• Negative Sentiment: Investor focus on cash burn and program delays increases short‑term volatility despite healthy backlog; near‑term valuation will track execution and whether cash flow recovers. Execution Risk Coverage

About Lockheed Martin

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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