Lockheed Martin Corporation (NYSE:LMT – Get Free Report) rose 1.5% during trading on Wednesday . The stock traded as high as $521.00 and last traded at $514.50. Approximately 1,137,267 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 1,561,743 shares. The stock had previously closed at $507.09.
Lockheed Martin News Summary
Here are the key news stories impacting Lockheed Martin this week:
- Positive Sentiment: Lockheed Martin unveiled the PAC-3 ACE, a lower-cost Patriot interceptor that could cost less than half the current model, potentially boosting demand from Ukraine, the Middle East, and other air-defense buyers. Lockheed Martin Unveils Patriot Missile That Could Cost Less Than Half the Current Interceptor as Ukraine, Middle East Conflicts Drive Demand
- Positive Sentiment: The company also announced a joint technology agreement with Venus Aerospace to advance rotating detonation rocket engine technology for long-range precision fires, reinforcing Lockheed Martin’s position in next-generation defense systems. Lockheed Martin and Venus Aerospace Collaborate to Advance Next-Generation Propulsion for Long-Range Precision Fires
- Positive Sentiment: Recent coverage highlighted Lockheed Martin’s $10.5 billion GLSS2 logistics and sustainment contract for U.S. Special Operations Command, a major multi-year award that supports revenue visibility. Is Lockheed Martin (LMT) Undervalued On Its $10.5b GLSS2 Contract Win?
- Neutral Sentiment: Investors are also focused on tomorrow’s Q2 earnings release, with multiple previews suggesting the report could be a key catalyst depending on guidance and margins. Lockheed Martin Reports Q2 Earnings Tomorrow. Here is What Investors Should Expect.
- Neutral Sentiment: Several articles compared Lockheed Martin with peers such as General Dynamics and discussed whether the stock is an earnings story or value opportunity, but these were largely commentary pieces rather than new company-specific developments. Lockheed Martin vs. General Dynamics: Which Stock is the Better Buy?
- Negative Sentiment: Earlier coverage noted that Lockheed Martin’s move to cut the price of the Patriot system sparked concern that margins could come under pressure, which may have weighed on the stock at times. Why Lockheed Martin Stock Dropped Tuesday Morning
Analysts Set New Price Targets
A number of brokerages recently issued reports on LMT. Deutsche Bank Aktiengesellschaft cut their price objective on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research note on Friday, April 24th. Susquehanna lowered their price target on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a report on Friday, April 24th. Weiss Ratings lowered shares of Lockheed Martin from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday. BNP Paribas Exane reduced their price objective on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Finally, Royal Bank Of Canada decreased their price objective on shares of Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and a consensus target price of $615.78.
Lockheed Martin Price Performance
The firm has a 50 day moving average of $521.59 and a 200-day moving average of $572.42. The company has a market cap of $118.62 billion, a P/E ratio of 24.92, a P/E/G ratio of 0.91 and a beta of 0.11. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74.
Lockheed Martin (NYSE:LMT – Get Free Report) last posted its quarterly 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). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The business had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. During the same quarter in the previous year, the company earned $7.28 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, equities research analysts predict that Lockheed Martin Corporation will post 29.94 EPS for the current year.
Lockheed Martin Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 1st were given a dividend of $3.45 per share. The ex-dividend date was Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. Lockheed Martin’s dividend payout ratio is currently 66.83%.
Institutional Trading of Lockheed Martin
Institutional investors and hedge funds have recently bought and sold shares of the stock. Regent Peak Wealth Advisors LLC lifted its stake in Lockheed Martin by 4.5% in the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 1,513 shares of the aerospace company’s stock worth $771,000 after purchasing an additional 65 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Lockheed Martin by 54.8% during the 2nd quarter. Wedge Capital Management L L P NC now owns 148,418 shares of the aerospace company’s stock valued at $75,613,000 after purchasing an additional 52,559 shares during the last quarter. Butensky & Cohen Financial Security Inc. grew its position in shares of Lockheed Martin by 2.3% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 10,740 shares of the aerospace company’s stock valued at $5,472,000 after purchasing an additional 244 shares in the last quarter. Tema ETFs LLC grew its position in shares of Lockheed Martin by 12.3% during the second quarter. Tema ETFs LLC now owns 3,678 shares of the aerospace company’s stock valued at $1,874,000 after purchasing an additional 402 shares in the last quarter. Finally, G&S Capital LLC bought a new stake in shares of Lockheed Martin in the second quarter worth about $236,000. 74.19% of the stock is currently owned by institutional investors.
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.
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