Lockheed Martin (NYSE:LMT) Stock Price Down 3% – Here’s What Happened

Lockheed Martin Corporation (NYSE:LMT) dropped 3% on Thursday . The company traded as low as $569.54 and last traded at $571.60. 1,530,819 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 1,518,188 shares. The stock had previously closed at $589.15.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LMT shares. Morgan Stanley raised their price objective on Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Wall Street Zen cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. BNP Paribas Exane decreased their price objective on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Finally, JPMorgan Chase & Co. dropped their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $632.39.

Lockheed Martin Trading Down 1.2%

The stock has a market capitalization of $130.31 billion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 0.98 and a beta of 0.10. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The company has a 50-day moving average price of $547.80 and a 200 day moving average price of $575.73.

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

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be paid a $3.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.4%. Lockheed Martin’s dividend payout ratio (DPR) is 50.87%.

Institutional Trading of Lockheed Martin

Several institutional investors and hedge funds have recently bought and sold shares of LMT. Basso Capital Management L.P. acquired a new position in Lockheed Martin during the fourth quarter valued at $25,000. Burnham & Co LLC purchased a new position in Lockheed Martin during the second quarter valued at approximately $25,000. United Financial Planning Group LLC purchased a new position in shares of Lockheed Martin during the 3rd quarter valued at approximately $25,000. Clarity Asset Management Inc. acquired a new position in shares of Lockheed Martin in the fourth quarter worth about $26,000. Finally, Field & Main Bank acquired a new position in Lockheed Martin in the 2nd quarter worth about $26,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

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.