Lockheed Martin (NYSE:LMT) Shares Down 1.1% – What’s Next?

Lockheed Martin Corporation (NYSE:LMT) fell 1.1% during mid-day trading on Friday . The company traded as low as $521.87 and last traded at $524.3990. Approximately 922,700 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 1,479,230 shares. The stock had previously closed at $530.12.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Royal Bank Of Canada boosted their price objective on shares of Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Wells Fargo & Company set a $600.00 target price on shares of Lockheed Martin in a research report on Monday, July 27th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Wall Street Zen raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 29th. Finally, Citigroup increased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and an average target price of $637.56.

Lockheed Martin Stock Performance

The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. The stock’s fifty day moving average is $556.35 and its two-hundred day moving average is $566.15. The firm has a market capitalization of $121.03 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 1.14 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data 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 the consensus estimate of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared 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. This represents a $13.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is 50.87%.

Hedge Funds Weigh In On Lockheed Martin

Several large investors have recently modified their holdings of LMT. Brighton Jones LLC grew its holdings in Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after buying an additional 191 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Lockheed Martin by 5.4% during the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after buying an additional 50 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in shares of Lockheed Martin by 17.3% in the second quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock valued at $676,000 after acquiring an additional 215 shares during the period. Gamco Investors INC. ET AL boosted its position in shares of Lockheed Martin by 36.0% in the second quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock valued at $1,042,000 after acquiring an additional 595 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Lockheed Martin by 18.2% in the second quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company’s stock valued at $40,092,000 after acquiring an additional 13,300 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global aerospace, defense and technology company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense serving as its largest customer. Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

The company’s products and services include military aircraft such as the F-35 Lightning II, F-16 and C-130; air and missile defense systems; precision weapons; helicopters and maritime systems; radar, sensors and command-and-control technologies; satellites; space exploration systems; and missile-warning and strategic defense capabilities.

Lockheed Martin was created in 1995 through the merger of Lockheed Corporation and Martin Marietta.