Lockheed Martin Corporation $LMT Shares Bought by Foster Victor Wealth Advisors LLC

22 Oct 2026, 08:09 by Sarita Garza · The Markets Daily

Foster Victor Wealth Advisors LLC increased its stake in Lockheed Martin Corporation (NYSE:LMT – Free Report) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,024 shares of the aerospace company’s stock after acquiring an additional 1,735 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Lockheed Martin were worth $19,201,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Lockheed Martin in the 2nd quarter worth approximately $9,617,574,000. Corient Private Wealth LP bought a new stake in Lockheed Martin in the second quarter valued at approximately $101,960,000. Bank of New York Mellon Corp purchased a new stake in shares of Lockheed Martin during the second quarter valued at approximately $645,258,000. Legal & General Group Plc purchased a new stake in shares of Lockheed Martin during the second quarter valued at approximately $497,469,000. Finally, Diamant Asset Management Inc. boosted its stake in shares of Lockheed Martin by 60,339.0% during the first quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock valued at $531,493,000 after purchasing an additional 877,932 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Royal Bank Of Canada decreased their target price on shares of Lockheed Martin from $600.00 to $550.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 15th. Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 9th. Citigroup increased their price target on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a report on Wednesday, September 2nd. Finally, Sanford C. Bernstein cut their price target on shares of Lockheed Martin from $629.00 to $564.00 and set a “market perform” rating on the stock in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $627.10.

Get Our Latest Research Report on Lockheed Martin

Key Headlines Impacting Lockheed Martin

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

Positive Sentiment: Lockheed’s role in missile-defense expansion was highlighted by a seven-year, $218 million agreement with Karman Space & Defense to supply THAAD missile shrouds. The contract supports production visibility across Lockheed’s supply chain and underscores sustained Pentagon demand for interceptors. Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
Positive Sentiment: Lockheed is also expanding munitions manufacturing capacity with Hadrian, potentially helping address constrained production and replenish allied inventories. The broader defense sector is benefiting from increased government spending and multiyear procurement programs. Inside the Lockheed-Hadrian deal promising more munitions
Positive Sentiment: Analysts expect quarterly earnings of approximately $7.52 per share on $20.46 billion in revenue. Investors are looking for another strong result, backlog commentary and confirmation of full-year guidance after Lockheed previously reported substantial earnings and revenue growth. Lockheed Martin Q3 Preview
Neutral Sentiment: Lockheed’s free-cash-flow yield and dividend profile may attract income-oriented investors, particularly as the shares trade well below their highs. However, the market appears to be weighing that cash generation against concerns that growth could moderate. Why Is Everyone Ignoring Lockheed Martin Stock’s High Cash Yield?
Negative Sentiment: Key risks include political uncertainty around defense budgets, rising competition and the possibility that a record backlog will take longer to convert into profitable cash flow. These concerns have contributed to LMT’s pullback from its 52-week high. Lockheed Martin stock flashes a risky pattern

Lockheed Martin Trading Up 0.6%

LMT opened at $551.76 on Thursday. Lockheed Martin Corporation has a one year low of $437.25 and a one year 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 business has a 50 day simple moving average of $538.78 and a two-hundred day simple moving average of $542.10. The firm has a market capitalization of $127.34 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.18 and a beta of 0.09.

Lockheed Martin (NYSE:LMT – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%. 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 company earned $1.46 EPS. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Analysts predict that Lockheed Martin Corporation will post 30.43 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be paid a $3.60 dividend. 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 dividend on an annualized basis and a yield of 2.6%. Lockheed Martin’s payout ratio is 50.87%.

About Lockheed Martin

(Free Report)

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.