Plimoth Trust Co. LLC Sells 2,921 Shares of Lockheed Martin Corporation $LMT

Key Points

• Plimoth Trust Co. LLC reduced its stake in Lockheed Martin by 64.7%, selling 2,921 shares in the fourth quarter and now holds 1,593 shares valued at about $770,000.
• Lockheed won a sole‑source IDIQ $1.9 billion award for C‑130J maintenance and the Aircrew Training System, and is expanding products (e.g., modular armed kits for Black Hawks) that could boost sustainment and aftermarket revenue.
• The stock carries a consensus analyst rating of Hold with an average price target of $645.79; the most recent quarter missed EPS ($5.80 vs. $6.33) while revenue rose to $20.32 billion, and the company pays a $3.45 quarterly dividend (2.3% yield).

Plimoth Trust Co. LLC reduced its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 64.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,593 shares of the aerospace company's stock after selling 2,921 shares during the quarter. Plimoth Trust Co. LLC's holdings in Lockheed Martin were worth $770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. United Financial Planning Group LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Lockheed Martin by 285.7% during the third 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 bought a new position in Lockheed Martin during the third quarter valued at approximately $27,000. Pilgrim Partners Asia Pte Ltd bought a new position in Lockheed Martin during the third quarter valued at approximately $35,000. Finally, Beacon Financial Strategies CORP purchased a new stake in Lockheed Martin in the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Lockheed Martin in a research note on Wednesday, April 1st. They set an "equal weight" rating and a $650.00 target price for the company. Morgan Stanley set a $675.00 price target on Lockheed Martin in a research note on Wednesday, February 4th. The Goldman Sachs Group upped their price objective on Lockheed Martin from $464.00 to $517.00 and gave the company a "sell" rating in a research report on Monday, February 2nd. Weiss Ratings raised Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, March 23rd. Finally, JPMorgan Chase & Co. upped their price target 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. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $645.79.

Key Lockheed Martin News

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

• Positive Sentiment: Won a sizable Pentagon contract: Lockheed secured a sole‑source, IDIQ $1.9 billion award to continue C‑130J maintenance and the Aircrew Training System program — a near‑term revenue and backlog boost for sustainment services. Lockheed Martin (LMT) Secures $1.9 Billion Contract
• Positive Sentiment: Potential large U.S. defense budget tailwind: Commentaries point to a proposed surge in defense spending (discussion of figures up to ~$1.5T) that would favor prime contractors like LMT through higher topline opportunity across aircraft, missiles and sustainment. This narrative supports longer‑term growth expectations. 3 Powerhouse Defense Stocks That Can't Be Ignored as Trump Ramps Up Iran War Spending
• Positive Sentiment: Product expansion that can drive future aftermarket and retrofit revenue: Reports indicate Lockheed is adding modular armed kits for Black Hawk helicopters, increasing mission flexibility and potential upgrade/repeat business for global operators. Is Lockheed Martin Expanding Black Hawk Helicopters With Armed Kits?
• Neutral Sentiment: Backlog and balance‑sheet strength support resilience: Analysis highlights Lockheed’s large backlog and cash generation as cushions against budget swings, making the company a longer‑term hold for some investors despite near‑term volatility. Got $7,500? 1 Defense Stock With the Backlog and Balance Sheet to Weather Any Trump‑Era Budget Swing.
• Neutral Sentiment: Mixed expectations on earnings cadence: Some analysts note Lockheed’s history of earnings surprises, which could support upside if execution remains strong, but timing and magnitude are uncertain. Will Lockheed (LMT) Beat Estimates Again in Its Next Earnings Report?
• Negative Sentiment: Near‑term earnings pressure flagged: An earnings preview flagged expectations for a decline in upcoming quarterly results, which can pressure the stock until clarity arrives on margins and program timing. Earnings Preview: Lockheed Martin (LMT) Q1 Earnings Expected to Decline
• Negative Sentiment: Political/industry risk and contractor scrutiny: Coverage on private‑equity influence and possible conditions tied to a larger defense budget highlights regulatory and political risks that could complicate contract terms, margins or future procurement timing. A Private Equity Billionaire Mounts His Biggest Takeover Yet: the Pentagon

Lockheed Martin Stock Performance

NYSE:LMT opened at $591.57 on Friday. The stock has a 50-day simple moving average of $637.03 and a two-hundred day simple moving average of $551.65. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $692.00. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. The firm has a market capitalization of $136.33 billion, a PE ratio of 27.53, a P/E/G ratio of 1.09 and a beta of 0.23.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing the consensus estimate of $6.33 by ($0.53). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same period last year, the business earned $7.67 EPS. The firm's quarterly revenue was up 9.1% compared to the same quarter last year. Analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 2nd were paid a dividend of $3.45 per share. The ex-dividend date was Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a yield of 2.3%. Lockheed Martin's dividend payout ratio (DPR) is presently 64.22%.

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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