River Road Asset Management LLC Invests $68.10 Million in Lockheed Martin Corporation $LMT

Key Points

• River Road Asset Management opened a new position in Lockheed Martin during the fourth quarter, buying 140,791 shares worth about $68.1 million.
• Lockheed Martin’s stock has been under pressure, with the shares trading down and investors focusing on a recent earnings miss, negative free cash flow, and profit pressure in key programs.
• Despite the weaker sentiment, the company continues to draw support from its large institutional ownership base and recent business developments, including a new partnership with GM Defense to strengthen U.S. defense manufacturing and supply chains.

River Road Asset Management LLC bought a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 140,791 shares of the aerospace company's stock, valued at approximately $68,096,000. River Road Asset Management LLC owned approximately 0.06% of Lockheed Martin at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Basso Capital Management L.P. acquired a new position in Lockheed Martin in the fourth quarter worth approximately $25,000. United Financial Planning Group LLC acquired a new stake in shares of Lockheed Martin during the 3rd quarter valued at $25,000. Clarity Asset Management Inc. acquired a new stake in shares of Lockheed Martin during the 4th quarter valued at $26,000. Triumph Capital Management boosted its stake in shares of Lockheed Martin by 66.7% during the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company's stock worth $26,000 after acquiring an additional 22 shares in the last quarter. Finally, Bard Associates Inc. bought a new stake in shares of Lockheed Martin during the 4th quarter worth $27,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: Lockheed Martin announced a new partnership with GM Defense to help expand U.S. defense manufacturing capacity, improve supply-chain resilience, and speed production of critical systems. Lockheed Martin (LMT) Teams Up With GM Defense To Rework U.S. Defense Manufacturing
• Positive Sentiment: Recent commentary highlighted additional contract wins and a large backlog, suggesting demand remains strong and that the stock’s weakness may be overdone relative to fundamentals. Flying Under the Radar: Lockheed Martin's $2.8B Stealth Setup
• Neutral Sentiment: Lockheed Martin marked 75 years at its Marietta manufacturing site, emphasizing long-term production capabilities and future support for U.S. and allied defense needs. Lockheed Martin, Government Officials Tout Site's 75 Years of Manufacturing Excellence and a Strong Future
• Neutral Sentiment: Analysts and valuation-focused coverage noted the stock may look undervalued after the decline, but that view does not appear to be tied to a new operational catalyst. Is Lockheed Martin Corp (LMT) a Bargain After 4.0% Drop? GF Value Says Undervalued
• Negative Sentiment: Investors are still reacting to Lockheed Martin’s weak first-quarter execution, including an earnings miss, negative free cash flow, and profit pressure in key programs, which helped drive the stock lower. Lockheed Martin Falls 3.9% as Investors Weigh Sector Weakness and Prior Execution Issues
• Negative Sentiment: Broader defense-stock weakness and headlines suggesting peace/de-escalation may reduce urgency for some defense spending are also weighing on sentiment. Why Lockheed Martin Stock Dropped Today

Analysts Set New Price Targets

LMT has been the topic of a number of recent research reports. Morgan Stanley decreased their target price on Lockheed Martin from $675.00 to $653.00 and set an "equal weight" rating on the stock in a report on Friday, April 24th. Jefferies Financial Group reaffirmed a "hold" rating and set a $595.00 target price on shares of Lockheed Martin in a report on Sunday, April 26th. BNP Paribas Exane decreased their price target on Lockheed Martin from $770.00 to $680.00 and set an "outperform" rating for the company in a research report on Friday, April 24th. Argus lifted their price target on Lockheed Martin from $530.00 to $735.00 and gave the stock a "buy" rating in a research note on Friday, March 6th. Finally, Weiss Ratings downgraded Lockheed Martin from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $620.68.

Lockheed Martin Trading Down 3.8%

NYSE LMT opened at $512.00 on Friday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. The stock has a market cap of $118.05 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 0.96 and a beta of 0.10. The firm's 50 day moving average price is $540.09 and its two-hundred day moving average price is $565.22.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.79 by ($0.35). The firm had revenue of $18.02 billion for the quarter, compared to analyst estimates of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. Lockheed Martin's revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the firm earned $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities analysts anticipate that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be issued a dividend of $3.45 per share. The ex-dividend date is Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. Lockheed Martin's payout ratio is currently 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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