Truist Financial Corp Boosts Holdings in Lockheed Martin Corporation $LMT

Key Points

• Truist Financial increased its stake in Lockheed Martin by 4.3% in Q4 to 308,023 shares (about $148.98 million), representing roughly 0.13% of the company.
• Lockheed won major awards including selection for the U.S. Space Force Space‑Based Interceptor work and a $1.13 billion U.S. Army HIMARS production contract, bolstering near‑term funded work and its backlog.
• The company missed Q1 EPS ($6.44 vs. $6.79) but maintained FY2026 guidance (29.350–30.250 EPS); the stock has slid roughly 27%, prompting buy‑case commentary while analysts' consensus remains a Hold with a $632.58 target.

Truist Financial Corp increased its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 308,023 shares of the aerospace company's stock after buying an additional 12,804 shares during the period. Truist Financial Corp owned about 0.13% of Lockheed Martin worth $148,982,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its stake in shares of Lockheed Martin by 9.3% in the third quarter. Oppenheimer & Co. Inc. now owns 39,410 shares of the aerospace company's stock worth $19,674,000 after purchasing an additional 3,352 shares in the last quarter. Welch Group LLC increased its stake in shares of Lockheed Martin by 1.5% in the fourth quarter. Welch Group LLC now owns 132,684 shares of the aerospace company's stock worth $64,175,000 after purchasing an additional 1,999 shares in the last quarter. Jain Global LLC purchased a new position in shares of Lockheed Martin in the third quarter worth about $38,064,000. Clough Capital Partners L P purchased a new position in shares of Lockheed Martin in the third quarter worth about $31,018,000. Finally, Pacific Heights Asset Management LLC increased its stake in shares of Lockheed Martin by 33.9% in the third quarter. Pacific Heights Asset Management LLC now owns 75,000 shares of the aerospace company's stock worth $37,441,000 after purchasing an additional 19,000 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Key Lockheed Martin News

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

LMT stock opened at $512.82 on Monday. The firm has a 50 day moving average of $617.05 and a 200-day moving average of $553.72. 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 firm has a market capitalization of $118.24 billion, a P/E 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 released its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts' consensus estimates of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. During the same quarter last year, the business posted $7.28 earnings per share. Lockheed Martin's 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. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 29.91 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 2nd were given a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, March 2nd. Lockheed Martin's dividend payout ratio (DPR) is 66.83%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LMT shares. Royal Bank Of Canada reduced their target price on shares of Lockheed Martin from $650.00 to $575.00 and set a "sector perform" rating for the company in a research note on Friday, April 24th. Sanford C. Bernstein lifted their target price on shares of Lockheed Martin from $654.00 to $661.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 21st. Citigroup lifted their target price on shares of Lockheed Martin from $673.00 to $675.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 1st. Weiss Ratings downgraded shares of Lockheed Martin from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $595.00 target price on shares of Lockheed Martin in a research note on Sunday, April 26th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $632.58.

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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