Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 1,111 Shares of Lockheed Martin Corporation $LMT

Empirical Financial Services LLC d.b.a. Empirical Wealth Management reduced its position in Lockheed Martin Corporation (NYSE:LMT) by 43.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,455 shares of the aerospace company’s stock after selling 1,111 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Lockheed Martin were worth $704,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. boosted its holdings in Lockheed Martin by 2.0% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 985 shares of the aerospace company’s stock valued at $476,000 after acquiring an additional 19 shares during the last quarter. Old North State Wealth Management LLC raised its holdings in Lockheed Martin by 2.0% during the 3rd quarter. Old North State Wealth Management LLC now owns 1,073 shares of the aerospace company’s stock worth $539,000 after purchasing an additional 21 shares during the last quarter. GS Investments Inc. raised its holdings in Lockheed Martin by 1.0% during the 3rd quarter. GS Investments Inc. now owns 2,231 shares of the aerospace company’s stock worth $1,114,000 after purchasing an additional 22 shares during the last quarter. Gilbert & Cook Inc. lifted its position in Lockheed Martin by 1.9% during the 4th quarter. Gilbert & Cook Inc. now owns 1,169 shares of the aerospace company’s stock valued at $566,000 after purchasing an additional 22 shares during the period. Finally, Stonehearth Capital Management LLC lifted its position in Lockheed Martin by 4.6% during the 4th quarter. Stonehearth Capital Management LLC now owns 500 shares of the aerospace company’s stock valued at $242,000 after purchasing an additional 22 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin News Roundup

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

• Positive Sentiment: White House fiscal 2027 defense budget proposal calls for a very large increase in U.S. military spending, highlighting funding for F‑35 jets and missile programs that directly benefit Lockheed’s prime platforms and could boost multi‑year procurement. The Defense Budget Request Is Here. It’s Quite Something.
• Positive Sentiment: Multiple reports emphasize the same budget jump (Barron’s / QuiverQuant coverage) that would lift defense contractors broadly, reinforcing investor expectations for higher backlog and revenue for LMT. The Defense Budget Request Is Here. It’s Quite Something.
• Positive Sentiment: Lockheed’s Orion spacecraft successfully launched on the Artemis II crewed mission — a high‑profile win that validates Lockheed’s space systems capabilities, supporting future NASA and national security space revenue and improving investor sentiment. Lockheed Martin-built Orion Spacecraft Sends Astronauts Moonward for the First Time in 53 Years
• Positive Sentiment: Lockheed won a $1.36 billion contract modification for CPS work (Navy/USMC), adding to near‑term funded backlog and supporting revenue visibility. Lockheed Martin Wins Another $1.36 Billion For CPS Modification
• Neutral Sentiment: Analysts: Wells Fargo initiated coverage with a “hold” (neutral tone) while other outlets note a recent analyst upgrade that briefly pushed shares higher — investor reaction is mixed between cautious valuation views and continued confidence in growth prospects. Lockheed Martin (LMT) Initiated with a Hold at Wells Fargo
• Neutral Sentiment: Coverage pieces highlight Lockheed’s efforts to expand missile production capacity and supply‑chain upgrades — positive operational moves but with execution and capital intensity that investors will track. Is Lockheed Martin Expanding Its Missile Production Capacity?
• Negative Sentiment: Geopolitical flare‑ups: an F‑15E was reported downed over Iran — short‑term uncertainty around operations and potential escalation can add volatility to defense names despite potential procurement tailwinds. An F15-E Just Went Down in Iran. What to Know About the $90 Million Jet.
• Negative Sentiment: Bear/contrarian takes and “avoid” pieces argue valuation concerns after a strong run and cite reasons to be cautious (profit‑taking risk, execution/production ramp questions), which can cap near‑term upside. 3 Reasons to Avoid LMT and 1 Stock to Buy Instead

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $623.03 on Friday. The firm’s 50 day simple moving average is $636.22 and its 200 day simple moving average is $542.31. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $692.00. The company has a market capitalization of $143.59 billion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 1.12 and a beta of 0.23. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94.

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

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 2nd were issued a $3.45 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $13.80 annualized dividend and a dividend yield of 2.2%. Lockheed Martin’s payout ratio is 64.22%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LMT. DZ Bank cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price target for the company. in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lockheed Martin from $492.00 to $611.00 and gave the company a “hold” rating in a report on Friday, January 30th. Jefferies Financial Group raised their price objective on shares of Lockheed Martin from $540.00 to $630.00 and gave the company a “hold” rating in a research note on Sunday, February 1st. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 22nd. Finally, Argus upped their target price on shares of Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Seven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $634.74.

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.