Smith Chas P & Associates PA Cpas Boosts Stock Position in Lockheed Martin Corporation $LMT

Key Points

• Smith Chas P & Associates PA Cpas increased its Lockheed Martin stake by 69.4% in the fourth quarter, adding 37,636 shares to bring its total to 91,882 shares worth about $44.44 million.
• Lockheed Martin’s latest earnings missed expectations, with quarterly EPS of $6.44 versus $6.79 expected and revenue of $18.02 billion versus $18.38 billion expected. Despite that, the company reiterated FY 2026 EPS guidance of 29.35 to 30.25.
• Recent news around LMT remains broadly positive, including rising demand for missile defense and F-35-related programs, new defense contract wins, and expansion of munitions capacity. However, some analysts have trimmed price targets, reflecting valuation concerns.

Smith Chas P & Associates PA Cpas boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 69.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,882 shares of the aerospace company's stock after acquiring an additional 37,636 shares during the quarter. Lockheed Martin accounts for 2.3% of Smith Chas P & Associates PA Cpas' portfolio, making the stock its 15th biggest holding. Smith Chas P & Associates PA Cpas' holdings in Lockheed Martin were worth $44,440,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. United Financial Planning Group LLC bought a new stake in Lockheed Martin during the 3rd quarter valued at $25,000. Tucker Asset Management LLC bought a new stake in Lockheed Martin during the 4th quarter valued at $32,000. Beacon Financial Strategies CORP bought a new stake in Lockheed Martin during the 4th quarter valued at $34,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Lockheed Martin during the 3rd quarter valued at $35,000. Finally, Wexford Capital LP bought a new stake in Lockheed Martin during the 3rd quarter valued at $36,000. 74.19% of the stock is owned by institutional investors.

Key Lockheed Martin News

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

• Positive Sentiment: Lockheed is seeing strong demand in missile defense, sustainment, and autonomous systems, which supports the company’s long-term revenue outlook. Lockheed Martin sees rising demand for missile defense, sustainment, autonomous systems
• Positive Sentiment: The U.S. military awarded major defense contracts tied to F-35 and MLRS support, reinforcing Lockheed’s backlog and near-term defense spending tailwinds. LMT, RTX Win Big US Defense Contracts Worth Over $1.1B
• Positive Sentiment: Lockheed is expanding munitions capacity in Alabama, including work tied to missile defense programs such as THAAD, which points to stronger production capabilities and future revenue potential. Lockheed Martin Expands Alabama Munitions Capacity As Valuation Draws Investor Focus
• Positive Sentiment: Management commentary at Bernstein and other appearances highlighted continued demand for missile defense and F-35-related programs, which can reassure investors about the defense growth story. Lockheed Martin Corporation (LMT) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Neutral Sentiment: Gastops said its ChipCHECK debris-analysis technology was validated for the Pratt & Whitney F135 engine used in the F-35, a supportive development for the broader F-35 ecosystem but not a direct Lockheed earnings catalyst. Gastops Validates ChipCHECK® Debris Analysis Technology for Pratt & Whitney F135 Engine / Lockheed Martin F-35 Lightning II
• Neutral Sentiment: News that the F-35 PTMS analysis will be completed soon and that Block 4 is viewed as underfunded may keep attention on program execution and funding risk, but it also underscores the program’s strategic importance. F-35 Program And Lockheed Martin To Finish F-35 PTMS Analysis Soon, As HASC Argues Block 4 “Underfunded”
• Negative Sentiment: Some investor focus is being weighed by valuation concerns after Citi cut its price target on LMT to $571 from $675 while keeping a Neutral rating, which may limit upside enthusiasm. Is Lockheed Martin (LMT) One of the Best Blue Chip Stocks to Buy for Your Retirement Portfolio?

Lockheed Martin Trading Down 0.2%

LMT opened at $531.80 on Thursday. The firm has a market cap of $122.61 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 0.97 and a beta of 0.10. 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 Corporation has a 12 month low of $410.11 and a 12 month high of $692.00. The stock has a fifty day moving average price of $570.82 and a 200-day moving average price of $557.72.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing the consensus estimate of $6.79 by ($0.35). The company had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The company's revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm posted $7.28 earnings per share. 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 29.88 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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

Analyst Upgrades and Downgrades

LMT has been the subject of a number of research analyst reports. Wells Fargo & Company initiated coverage on Lockheed Martin in a research report on Wednesday, April 1st. They set an "equal weight" rating and a $650.00 target price for the company. Weiss Ratings raised Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, May 14th. Sanford C. Bernstein decreased their target price on Lockheed Martin from $661.00 to $614.00 and set a "market perform" rating for the company in a research report on Monday, May 18th. UBS Group lifted their target price on Lockheed Martin from $580.00 to $663.00 and gave the company a "neutral" rating in a research report on Monday, February 2nd. Finally, Susquehanna decreased their target price on Lockheed Martin from $740.00 to $700.00 and set a "positive" rating for the company in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $620.68.

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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