Lockheed Martin Corporation (NYSE:LMT) Given Consensus Recommendation of “Hold” by Brokerages

Lockheed Martin Corporation (NYSE:LMT) has received an average rating of “Hold” from the nineteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $632.3889.

LMT has been the subject of a number of research reports. TD Cowen lowered their target price on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Citigroup boosted their target price on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Finally, Robert W. Baird set a $700.00 price target on Lockheed Martin in a research note on Friday, July 24th.

Hedge Funds Weigh In On Lockheed Martin

Hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System raised its position in shares of Lockheed Martin by 49,985.5% during the 2nd quarter. California State Teachers Retirement System now owns 163,027,709 shares of the aerospace company’s stock valued at $83,056,097,000 after acquiring an additional 162,702,210 shares during the last quarter. BlackRock Inc. bought a new position in Lockheed Martin during the second quarter worth about $9,617,574,000. Charles Schwab Investment Management Inc. grew its position in shares of Lockheed Martin by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock worth $4,178,399,000 after buying an additional 114,900 shares during the period. Corient Private Wealth LP bought a new position in Lockheed Martin during the 2nd quarter worth approximately $101,960,000. Finally, Morgan Stanley grew its holdings in Lockheed Martin by 10.1% during the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after purchasing an additional 527,523 shares during the period. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $561.83 on Tuesday. The stock has a market capitalization of $129.66 billion, a price-to-earnings ratio of 20.71, a P/E/G ratio of 0.97 and a beta of 0.10. The firm’s 50-day moving average price is $553.07 and its two-hundred day moving average price is $572.82. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. Lockheed Martin has a 1-year low of $437.25 and a 1-year high of $692.00.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The business had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the previous year, the business earned $1.46 EPS. Lockheed Martin’s revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities analysts predict that Lockheed Martin will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be given a dividend of $3.45 per share. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.5%. Lockheed Martin’s payout ratio is currently 50.87%.

About Lockheed Martin

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.