Waverly Advisors LLC Boosts Position in Lockheed Martin Corporation $LMT

Key Points

• Waverly Advisors increased its Lockheed Martin position by 7.5% in the second quarter, bringing its holdings to 30,129 shares valued at approximately $15.35 million. Institutional investors collectively own 74.19% of the company.
• Lockheed Martin exceeded quarterly expectations, reporting $7.94 in earnings per share and $20.06 billion in revenue, with revenue up 10.5% year over year. The company issued FY 2026 EPS guidance of $29.95 to $30.65.
• The company declared a quarterly dividend of $3.45 per share, equivalent to an annualized $13.80 payout and a 2.6% yield. Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating and an average price target of $637.56.

Waverly Advisors LLC grew its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 7.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,129 shares of the aerospace company's stock after buying an additional 2,091 shares during the quarter. Waverly Advisors LLC's holdings in Lockheed Martin were worth $15,350,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC raised its holdings in shares of Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after buying an additional 191 shares during the period. Sivia Capital Partners LLC raised its holdings in Lockheed Martin by 5.4% in the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company's stock valued at $451,000 after acquiring an additional 50 shares in the last quarter. Schnieders Capital Management LLC. lifted its position in shares of Lockheed Martin by 17.3% during the second quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company's stock worth $676,000 after purchasing an additional 215 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in Lockheed Martin by 36.0% during the second quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company's stock valued at $1,042,000 after buying an additional 595 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Lockheed Martin by 18.2% during the second quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company's stock worth $40,092,000 after purchasing an additional 13,300 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Trading Up 2.1%

Shares of NYSE LMT opened at $536.37 on Wednesday. Lockheed Martin Corporation has a 12 month low of $437.25 and a 12 month high of $692.00. The business has a fifty day simple moving average of $556.57 and a 200-day simple moving average of $568.04. The company has a market cap of $123.79 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 1.14 and a beta of 0.10. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same period last year, the firm posted $1.46 earnings per share. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Sell-side analysts predict that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin's payout ratio is 50.87%.

More Lockheed Martin News

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

• Positive Sentiment: UBS upgraded LMT to Buy and raised its 12-month price target to $674 from $581, citing underappreciated missile growth, F-35 sustainment demand and a potentially stronger earnings trajectory. UBS projects roughly 9% annual revenue growth and sees substantial upside from the reported valuation. UBS upgrades Lockheed Martin to Buy
• Positive Sentiment: Sweden selected Lockheed Martin’s HIMARS system in an agreement valued at approximately $729 million. The purchase of about 10 launchers and ammunition, with deliveries beginning in 2027, expands LMT’s European defense footprint and includes planned ammunition cooperation with Saab. Sweden HIMARS deal
• Positive Sentiment: Analysts highlighted the possibility that LMT’s missile and fire-control revenue could grow as much as 150% through 2030, supported by rising global demand for air defense, precision weapons and rocket artillery. Lockheed Martin missile growth
• Positive Sentiment: The Javelin joint venture signed a memorandum with India’s Tata Advanced Systems to explore local production, potentially improving LMT’s access to India’s defense market and strengthening its regional supply chain. Javelin India production agreement
• Neutral Sentiment: LMT awarded L3Harris a $4.7 billion contract for PAC-3 MSE propulsion, underscoring substantial missile-program demand. The contract is strategically supportive but represents an outsourced production cost rather than direct revenue for Lockheed Martin. PAC-3 MSE propulsion contract
• Negative Sentiment: Defense stocks have recently underperformed despite geopolitical tensions, creating a sector-wide headwind. However, commentators argued that upcoming U.S. midterm elections and continued defense spending could improve sentiment. Defense stocks outlook

Analyst Ratings Changes

Several research analysts have recently commented on LMT shares. TD Cowen decreased their price target on shares of Lockheed Martin from $600.00 to $560.00 and set a "hold" rating for the company in a report on Monday, July 13th. Citigroup raised their target price on Lockheed Martin from $641.00 to $691.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Jefferies Financial Group reiterated a "hold" rating on shares of Lockheed Martin in a research report on Wednesday, September 2nd. Weiss Ratings raised shares of Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. Finally, Robert W. Baird set a $700.00 price target on Lockheed Martin in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $637.56.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global aerospace, defense and technology company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense serving as its largest customer. Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

The company's products and services include military aircraft such as the F-35 Lightning II, F-16 and C-130; air and missile defense systems; precision weapons; helicopters and maritime systems; radar, sensors and command-and-control technologies; satellites; space exploration systems; and missile-warning and strategic defense capabilities.

Lockheed Martin was created in 1995 through the merger of Lockheed Corporation and Martin Marietta.

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