Balefire LLC Reduces Position in Lockheed Martin Corporation $LMT

Balefire LLC decreased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 39.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,504 shares of the aerospace company’s stock after selling 993 shares during the quarter. Balefire LLC’s holdings in Lockheed Martin were worth $909,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Basso Capital Management L.P. bought a new stake in Lockheed Martin in the fourth quarter valued at about $25,000. United Financial Planning Group LLC acquired a new stake in Lockheed Martin during the third quarter valued at approximately $25,000. Clarity Asset Management Inc. bought a new position in Lockheed Martin during the 4th quarter worth approximately $26,000. Triumph Capital Management lifted its holdings in Lockheed Martin by 66.7% during the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after buying an additional 22 shares during the last quarter. Finally, Bard Associates Inc. acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.1%

NYSE:LMT opened at $509.21 on Tuesday. 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 $117.40 billion, a P/E ratio of 24.66, a P/E/G ratio of 0.91 and a beta of 0.11. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. The business has a 50 day simple moving average of $521.89 and a 200 day simple moving average of $572.26.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing the consensus estimate of $6.79 by ($0.35). The company had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.Lockheed Martin’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business earned $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities research analysts predict that Lockheed Martin Corporation will post 29.94 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 1st were given a $3.45 dividend. The ex-dividend date was Monday, June 1st. This represents a $13.80 annualized dividend and a yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is currently 66.83%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LMT shares. Jefferies Financial Group set a $575.00 price target on Lockheed Martin in a report on Thursday, June 25th. UBS Group decreased their price objective on shares of Lockheed Martin from $683.00 to $538.00 in a report on Tuesday, June 30th. TD Cowen dropped their target price on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Citigroup upgraded shares of Lockheed Martin from a “neutral” rating to a “buy” rating and raised their price target for the stock from $571.00 to $582.00 in a research report on Wednesday, July 1st. Finally, Morgan Stanley decreased their price target on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $607.58.

Lockheed Martin News Roundup

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

• Positive Sentiment: Lockheed Martin introduced PAC-3 ACE, a lower-cost interceptor designed to capture growing air-defense demand and compete with low-cost weapons from startups. Reuters article on cheaper Patriot interceptors
• Positive Sentiment: The new PAC-3 ACE and MORFIUS X-Rotor products could expand Lockheed Martin’s addressable market in air and drone defense as global conflict drives demand for more interceptors and counter-swarm systems. PR Newswire article on PAC-3 ACE
• Neutral Sentiment: Wall Street is looking for revenue growth in Lockheed Martin’s Q2 results, supported by a strong defense backlog, but margins may take longer to recover. Zacks article on buying before earnings
• Neutral Sentiment: Analysts are also focused on Q2 metric projections ahead of earnings, with investors watching for signs of execution and backlog conversion. Zacks article on Q2 projections
• Negative Sentiment: Lockheed Martin’s hypersonic missile program is facing production issues and quality-defect concerns, adding execution risk to a major defense program. Yahoo Finance article on hypersonic delays

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.