DAVENPORT & Co LLC Lowers Stock Position in Lockheed Martin Corporation $LMT

DAVENPORT & Co LLC cut its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 17.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,864 shares of the aerospace company’s stock after selling 4,559 shares during the period. DAVENPORT & Co LLC’s holdings in Lockheed Martin were worth $10,093,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LMT. ARS Wealth Advisors Group LLC lifted its holdings in shares of Lockheed Martin by 1.0% in the 4th quarter. ARS Wealth Advisors Group LLC now owns 15,587 shares of the aerospace company’s stock worth $7,539,000 after acquiring an additional 161 shares during the last quarter. Stolper Co boosted its position in shares of Lockheed Martin by 1.1% during the 4th quarter. Stolper Co now owns 5,465 shares of the aerospace company’s stock worth $2,643,000 after purchasing an additional 58 shares during the period. Amplius Wealth Advisors LLC increased its holdings in Lockheed Martin by 6.0% in the 4th quarter. Amplius Wealth Advisors LLC now owns 474 shares of the aerospace company’s stock valued at $229,000 after purchasing an additional 27 shares during the last quarter. Perennial Advisors LLC increased its holdings in Lockheed Martin by 5.7% in the 4th quarter. Perennial Advisors LLC now owns 517 shares of the aerospace company’s stock valued at $250,000 after purchasing an additional 28 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC raised its position in Lockheed Martin by 1.7% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 1,532 shares of the aerospace company’s stock valued at $741,000 after purchasing an additional 25 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of research reports. TD Cowen upped their price target on Lockheed Martin from $600.00 to $670.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. Royal Bank Of Canada boosted their price objective on Lockheed Martin from $615.00 to $650.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. JPMorgan Chase & Co. increased their target price on Lockheed Martin from $515.00 to $680.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Citigroup raised their target price on Lockheed Martin from $592.00 to $673.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Finally, The Goldman Sachs Group lifted their target price on Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a research report on Monday, February 2nd. Seven equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $623.16.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $624.11 on Thursday. The firm has a 50 day moving average of $631.77 and a two-hundred day moving average of $535.04. The stock has a market capitalization of $143.59 billion, a PE ratio of 29.04, a P/E/G ratio of 1.10 and a beta of 0.22. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The company had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $7.67 EPS. On average, research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 2nd will be issued a dividend of $3.45 per share. The ex-dividend date is Monday, March 2nd. This represents a $13.80 annualized dividend and a yield of 2.2%. Lockheed Martin’s dividend payout ratio is 64.22%.

Lockheed Martin News Roundup

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

• Positive Sentiment: The Pentagon said it reached framework agreements with major defense suppliers, including Lockheed, to boost production of systems and munitions as it shifts to “wartime footing” — a direct demand catalyst for LMT’s prime systems and missiles. Pentagon says it will ramp up war supplies with defense companies
• Positive Sentiment: Lockheed announced a new framework to sharply accelerate production of Precision Strike Missiles (PrSM), stating it will quadruple PrSM output — a major revenue and backlog upside if delivered on schedule. Lockheed Martin Answers the Nation’s Call and Quadruples Precision Strike Missile Production
• Positive Sentiment: Lockheed partnered with Firefly to test rapid-launch capabilities in a U.S. Space Force exercise, highlighting growth in responsive-launch and space services that can expand Lockheed’s addressable market. Lockheed Martin, Firefly test rapid-launch capabilities in U.S. Space Force exercise
• Positive Sentiment: Terran Orbital — described as a Lockheed Martin company — unveiled a new star tracker product line at SATSHOW 2026, reinforcing Lockheed’s vertical integration in space components and potential margins uplift from in‑house supplier capabilities. Terran Orbital Introduces New Star Tracker Product Line at SATSHOW 2026
• Positive Sentiment: Susquehanna raised its price target on LMT to $740 and kept a Positive rating, signaling analyst confidence in Lockheed’s near‑term cashflow and order book assumptions. Susquehanna Lifts Price Target on Lockheed Martin Corporation (LMT) to $740, Keeps Positive Rating
• Neutral Sentiment: Sector pieces continue to single out defense primes (including Lockheed) as beneficiaries of sustained spending and large backlogs — positive context but not a company‑specific catalyst. 3 Defense Stocks to Watch as War Drags On, Spending Set to Surge
• Negative Sentiment: Reports claiming the U.S. has limited rare‑earth stockpiles raise supply‑chain and cost risks for missile and electronics production—a potential headwind if shortages or price spikes materialize. Chinese Publication Claims U.S. Has Two Months of Rare Earths Left
• Negative Sentiment: Reports about politicians’ stock purchases in defense names add reputational and regulatory scrutiny risk, which can pressure sentiment despite strong fundamentals. 2 war stocks U.S. politicians suspiciously bought just before Iran strikes

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.