Western Financial Corp CA Sells 6,563 Shares of Lockheed Martin Corporation $LMT

Key Points

• Western Financial Corp. CA cut its Lockheed Martin stake by 82.2% in the third quarter, selling 6,563 shares and retaining 1,421 shares valued at approximately $724,000.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $630.48, despite mixed individual ratings.
• Lockheed Martin reported quarterly revenue of $20.06 billion and EPS of $7.94, exceeding estimates, while raising its quarterly dividend to $3.60 per share—an annualized yield of about 2.8%.

Western Financial Corp CA trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 82.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,421 shares of the aerospace company's stock after selling 6,563 shares during the period. Western Financial Corp CA's holdings in Lockheed Martin were worth $724,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LMT. State Street Corp grew its holdings in Lockheed Martin by 1.3% during the 2nd quarter. State Street Corp now owns 32,975,170 shares of the aerospace company's stock worth $16,799,530,000 after acquiring an additional 419,582 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Lockheed Martin in the 2nd quarter valued at approximately $9,617,574,000. Corient Private Wealth LP purchased a new stake in shares of Lockheed Martin in the 2nd quarter valued at approximately $101,960,000. Bank of New York Mellon Corp acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at $645,258,000. Finally, Legal & General Group Plc acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at $497,469,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Analysts Set New Price Targets

LMT has been the subject of several recent analyst reports. Royal Bank Of Canada lifted their price objective on shares of Lockheed Martin from $575.00 to $600.00 and gave the stock a "sector perform" rating in a research report on Friday, July 24th. Rothschild & Co Redburn assumed coverage on Lockheed Martin in a report on Tuesday, October 6th. They issued a "buy" rating and a $650.00 target price on the stock. Morgan Stanley raised their price target on Lockheed Martin from $653.00 to $690.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. Vertical Research raised Lockheed Martin from a "hold" rating to a "buy" rating and set a $600.00 price target for the company in a report on Wednesday. Finally, Robert W. Baird set a $700.00 price target on Lockheed Martin in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $630.48.

Lockheed Martin Stock Up 3.5%

Shares of NYSE:LMT traded up $17.59 during trading on Wednesday, hitting $521.61. 1,476,775 shares of the company were exchanged, compared to its average volume of 1,441,088. The firm's 50 day moving average price is $543.57 and its 200-day moving average price is $544.37. Lockheed Martin Corporation has a 12-month low of $437.25 and a 12-month high of $692.00. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The stock has a market capitalization of $120.38 billion, a P/E ratio of 19.23, a PEG ratio of 1.11 and a beta of 0.09.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS 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 firm had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same period last year, the business earned $1.46 EPS. Lockheed Martin's revenue for the quarter 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. On average, research analysts predict that Lockheed Martin Corporation will post 30.44 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 1st will be issued a dividend of $3.60 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.45. This represents a $14.40 annualized dividend and a dividend yield of 2.8%. Lockheed Martin's dividend payout ratio is 50.87%.

Key Lockheed Martin News

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

• Positive Sentiment: Analyst support and defense demand: Vertical Research upgraded LMT to “buy,” citing demand for missile-defense systems and production momentum. Bernstein remains more cautious, creating a mixed analyst picture. Why Lockheed Martin Stock Popped Today
• Positive Sentiment: Expanded munitions capacity: Lockheed Martin plans to invest $300 million at its Grand Prairie, Texas, facility, expand manufacturing space beyond 735,000 square feet and create approximately 6,000 U.S. jobs. The expansion is intended to accelerate production of critical munitions and improve supply-chain capacity. Lockheed Martin Expands Advanced Munitions Manufacturing in Texas
• Positive Sentiment: Long-term manufacturing partnership: A seven-year agreement with Hadrian will bring automated manufacturing capabilities into Lockheed’s Missiles and Fire Control facility in Texas, potentially increasing production efficiency for missile systems. Lockheed also agreed with Avio to expand U.S. solid rocket motor production for programs including ER GMLRS and PrSM. Hadrian Expands Partnership with Lockheed Martin
• Positive Sentiment: Program visibility: The PAC-3 Edge interceptor launch and continued PAC-3, THAAD and other missile-defense activity reinforce expectations for sustained backlog and government demand. Investors are also watching the recently increased quarterly dividend and potential confirmation of full-year EPS guidance at the upcoming earnings report. Lockheed Martin Debuts PAC-3 Edge Interceptor
• Neutral Sentiment: Valuation debate: LMT trades below its historical average and below its 50-day and 200-day moving averages, which may appeal to value investors. However, the discount may reflect concerns about execution and slower growth rather than a clear bargain. Lockheed Martin Trades Below Its Historical Average
• Negative Sentiment: Contract-risk overhang: Investors remain concerned about the $1.6 billion in reach-forward losses recorded in the second quarter of 2025 on fixed-price aircraft and helicopter programs. These past charges continue to raise questions about cost controls and execution.
• Negative Sentiment: Insider selling and mixed research: Recent reported insider transactions consisted of sales, while Bernstein’s unfavorable view contrasts with Vertical Research’s bullish call. That disagreement could limit upside until Lockheed demonstrates stronger operational results.

About Lockheed Martin

Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.

Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.

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