Pictet Asset Management Holding SA Decreases Stock Holdings in Lockheed Martin Corporation $LMT

Key Points

• Pictet Asset Management trimmed its stake in Lockheed Martin by 19.7% in Q4, selling 5,381 shares and leaving it with 22,001 shares worth about $10.64 million.
• Lockheed reported a Q1 EPS miss ($6.44 vs. $6.79 consensus) and slightly lower revenue ($18.02B vs. $18.38B) but left FY‑2026 guidance intact at 29.350–30.250 EPS, near the street average of ~29.91.
• The company has recent program wins — including selection for the Space‑Based Interceptor effort and a $1.13 billion HIMARS production contract — while shares have fallen about 27%, prompting mixed analyst views amid ~74% institutional ownership.

Pictet Asset Management Holding SA trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 19.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,001 shares of the aerospace company's stock after selling 5,381 shares during the quarter. Pictet Asset Management Holding SA's holdings in Lockheed Martin were worth $10,641,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LMT. United Financial Planning Group LLC purchased a new stake in shares of Lockheed Martin during the third quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC raised its position in shares of Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company's stock valued at $27,000 after purchasing an additional 40 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in shares of Lockheed Martin in the 3rd quarter valued at approximately $27,000. Beacon Financial Strategies CORP purchased a new position in shares of Lockheed Martin in the 4th quarter valued at approximately $34,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Lockheed Martin in the 3rd quarter valued at approximately $35,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: Selected by U.S. Space Force to develop capabilities for the Space‑Based Interceptor (SBI) program — strengthens Lockheed’s position in high-priority space missile‑defense work and supports multi‑year program revenue. Lockheed Martin Awarded U.S. Space Force Space-Based Interceptor Contracts to Meet Layered Missile Defense Demand
• Positive Sentiment: Secured a $1.13 billion U.S. Army HIMARS production contract — provides near‑term funded work, supports backlog and cash‑flow runway through 2028. Lockheed Martin (LMT) Secures $1.13 Billion Contract for HIMARS Production
• Positive Sentiment: Analyst/commentary notes that the recent ~27% slide may have overshot fundamentals — large backlog and valuation make a buy case for long‑term investors. This framing can attract value buyers if execution stabilizes. Lockheed Martin (LMT) Slid 27%. The Backlog and Valuation Still Point to a Buy
• Neutral Sentiment: Analysis argues last week’s Q1 miss may reset expectations and create a buying opportunity because management kept full‑year guidance intact and some segments (Missiles/Space) remain resilient. Watch whether Q2 proves improvement. Why Lockheed’s Earnings Miss Could Be a Blessing in Disguise
• Neutral Sentiment: Coverage of an emerging AI/robotics partner (XTEND) and defense‑tech startups highlights potential technology collaborations but remains speculative until formal program wins scale. Is This Pre-IPO AI Robotics Company the Next Big Defense Play? (LMT)
• Negative Sentiment: Peer L3Harris reported a Q1 beat and raised 2026 guidance — stronger results at competitors can siphon investor interest and highlight execution gaps at Lockheed. L3Harris Technologies Increases 2026 Earnings Guidance Following First-Quarter Beat
• Negative Sentiment: Commentary on the expanding autonomous/drone economy suggests thematic flows may favor next‑gen, smaller defense names over legacy primes — a structural headwind for sentiment if allocation trends continue. Q2 Symposium: 4 Key Drivers Powering Global Drone Economy

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $512.82 on Friday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00. The company's 50 day moving average is $617.05 and its 200 day moving average is $553.38. 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 company has a market cap of $118.24 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 0.93 and a beta of 0.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results 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 return on equity of 101.64% and a net margin of 6.38%.The business had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. During the same quarter last year, the company posted $7.28 EPS. Lockheed Martin's quarterly revenue was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, sell-side analysts forecast that Lockheed Martin Corporation will post 29.91 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 2nd were issued a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.7%. The ex-dividend date was Monday, March 2nd. Lockheed Martin's dividend payout ratio is 66.83%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LMT shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Lockheed Martin from $615.00 to $575.00 and set a "hold" rating for the company in a research report on Friday, April 24th. DZ Bank raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Thursday. Bank of America decreased their price objective on shares of Lockheed Martin from $660.00 to $600.00 and set a "neutral" rating for the company in a research report on Friday, April 24th. Wall Street Zen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Lockheed Martin from $515.00 to $680.00 and gave the company a "neutral" rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of "Hold" and an average price target of $632.58.

Lockheed Martin Company 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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