Lockheed Martin (NYSE:LMT) Shares Gap Up Following Earnings Beat

Lockheed Martin Corporation (NYSE:LMT) shares gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $514.36, but opened at $545.00. Lockheed Martin shares last traded at $573.3260, with a volume of 709,810 shares traded.

The aerospace company reported $7.94 EPS for the quarter, topping analysts’ consensus estimates of $7.19 by $0.75. The firm had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.During the same quarter in the previous year, the company posted $1.46 earnings per share. The company’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.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is 66.83%.

More Lockheed Martin News

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

• Positive Sentiment: Lockheed Martin beat Q2 estimates, reporting EPS of $7.94 versus consensus near $7.2 and revenue of $20.1 billion, with sales up 11% year over year. Lockheed Martin Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company raised FY 2026 guidance to EPS of $29.95-$30.65 and revenue of $79.8 billion-$81.8 billion, above prior expectations, as Pentagon restocking and munitions demand remain strong. Reuters article
• Positive Sentiment: Lockheed highlighted a record $230 billion backlog, which gives investors greater visibility into future revenue and supports the view that defense spending is translating into durable orders. Lockheed Martin Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The board also declared a quarterly dividend of $3.45 per share, reinforcing Lockheed Martin’s shareholder-return profile. Lockheed Martin Declares Third Quarter 2026 Dividend
• Neutral Sentiment: Lockheed Martin also announced a technology collaboration with Venus Aerospace on next-generation propulsion, a long-term development effort that is strategically interesting but unlikely to move near-term earnings. Lockheed Martin and Venus Aerospace Collaborate to Advance Next-Generation Propulsion for Long-Range Precision Fires

Analyst Ratings Changes

A number of research firms have weighed in on LMT. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a report on Friday, May 29th. Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings lowered Lockheed Martin from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 17th. Morgan Stanley dropped 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 research note on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $615.78.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. IAG Wealth Partners LLC raised its holdings in Lockheed Martin by 4,800.0% during the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 48 shares in the last quarter. United Financial Planning Group LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at $25,000. Basso Capital Management L.P. purchased a new position in shares of Lockheed Martin in the 4th quarter valued at $25,000. Clarity Asset Management Inc. acquired a new stake in Lockheed Martin during the 4th quarter worth $26,000. Finally, TD Capital Management LLC raised its stake in Lockheed Martin by 450.0% during the 4th quarter. TD Capital Management LLC now owns 55 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 11.4%

The stock has a market capitalization of $132.08 billion, a PE ratio of 27.74, a PEG ratio of 0.91 and a beta of 0.11. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The business’s 50-day moving average is $521.47 and its two-hundred day moving average is $572.63.

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.