Wedge Capital Management L L P NC Increases Stock Position in Lockheed Martin Corporation $LMT

Key Points

• Wedge Capital Management increased its Lockheed Martin position by 54.8% in the second quarter, buying 52,559 additional shares to reach 148,418 shares valued at approximately $75.6 million.
• The Pentagon awarded Lockheed Martin a potential $53.86 billion, seven-year PAC-3 missile contract, which could total about $58.62 billion including a prior award. However, the contract remains undefinitized, leaving final pricing and terms subject to negotiation.
• Lockheed Martin exceeded quarterly earnings and revenue estimates, reporting $7.94 EPS and $20.06 billion in revenue, while analysts maintain a consensus “Hold” rating with a $626.33 price target; the company also announced a $3.45 quarterly dividend.

Wedge Capital Management L L P NC increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 54.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 148,418 shares of the aerospace company's stock after purchasing an additional 52,559 shares during the period. Lockheed Martin accounts for 1.3% of Wedge Capital Management L L P NC's holdings, making the stock its 16th biggest holding. Wedge Capital Management L L P NC owned about 0.06% of Lockheed Martin worth $75,613,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Lockheed Martin by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company's stock valued at $4,178,399,000 after acquiring an additional 114,900 shares during the period. Morgan Stanley raised its position in shares of Lockheed Martin by 10.1% in the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company's stock worth $2,770,729,000 after acquiring an additional 527,523 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Lockheed Martin by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company's stock worth $807,866,000 after purchasing an additional 10,349 shares during the last quarter. Deutsche Bank AG boosted its position in Lockheed Martin by 7.4% during the fourth quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company's stock valued at $696,891,000 after purchasing an additional 99,403 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Lockheed Martin by 107.3% during the fourth quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company's stock valued at $625,784,000 after purchasing an additional 669,604 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

More Lockheed Martin News

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

• Positive Sentiment: The Pentagon awarded Lockheed Martin a seven-year, up to $53.86 billion undefinitized contract action for PAC-3 Missile Segment Enhancement interceptors. Including a prior $4.7 billion award, the multiyear opportunity could total approximately $58.62 billion, providing substantial backlog visibility and reinforcing demand for the company’s missile-defense portfolio. Pentagon PAC-3 contract article
• Positive Sentiment: Lockheed Martin reported a successful static-fire test of the Stage 2 motor for its Next Generation Interceptor program. The milestone supports progress in a strategically important missile-defense program and could strengthen the company’s position in future government awards. Next Generation Interceptor test article
• Positive Sentiment: The company introduced Strigo, a modular family of sensors, missile datalinks, and seeker technologies designed for multiple defense missions. The common architecture may improve product flexibility and support future sales across air-defense and missile-defense applications. Strigo product announcement
• Neutral Sentiment: Television host Jim Cramer called Lockheed Martin “sensational,” citing its defense-market position and dividend. The endorsement may support investor sentiment, but it does not change the company’s earnings outlook or fundamentals. Jim Cramer endorsement article
• Negative Sentiment: The large PAC-3 award is currently undefinitized, meaning final terms and pricing remain subject to negotiation. Investors may also be focused on the lengthy seven-year delivery period, execution challenges, and whether the contract’s benefits are already reflected in LMT’s valuation. No new negative operating update was reported in the supplied articles.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Royal Bank Of Canada boosted their target price on shares of Lockheed Martin from $575.00 to $600.00 and gave the stock a "sector perform" rating in a report on Friday, July 24th. Wells Fargo & Company set a $600.00 price target on shares of Lockheed Martin in a report on Monday, July 27th. Susquehanna cut their price objective on shares of Lockheed Martin from $740.00 to $700.00 and set a "positive" rating on the stock in a research report on Friday, April 24th. JPMorgan Chase & Co. reduced their price objective on shares of Lockheed Martin from $680.00 to $605.00 and set a "neutral" rating for the company in a research note on Tuesday, May 5th. Finally, Sanford C. Bernstein reissued a "market perform" rating on shares of Lockheed Martin in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $626.33.

Lockheed Martin Trading Down 1.0%

Shares of NYSE:LMT opened at $597.35 on Wednesday. The business's 50-day moving average is $537.38 and its 200 day moving average is $576.08. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. Lockheed Martin Corporation has a 1 year low of $425.00 and a 1 year high of $692.00. The firm has a market capitalization of $137.86 billion, a P/E ratio of 22.02, a P/E/G ratio of 1.04 and a beta of 0.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly 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 return on equity of 91.42% and a net margin of 8.16%.The business had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter last year, the company earned $1.46 earnings per share. The company's quarterly revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, research analysts predict that Lockheed Martin Corporation will post 30.36 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be paid a $3.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.3%. Lockheed Martin's dividend payout ratio (DPR) is 50.87%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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