Lockheed Martin (NYSE:LMT) Stock Price Down 4.5% After Earnings Miss

Lockheed Martin Corporation (NYSE:LMT)’s share price was down 4.5% during trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $522.26 and last traded at $530.27. Approximately 3,204,707 shares changed hands during mid-day trading, an increase of 82% from the average daily volume of 1,762,125 shares. The stock had previously closed at $555.43.

The aerospace company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The company had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the company posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 2nd were paid a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, March 2nd. Lockheed Martin’s dividend payout ratio is 64.22%.

More Lockheed Martin News

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

• Positive Sentiment: Peru awarded Lockheed F?16 Block 70 jets, adding a near?term order and signalling sustained international demand for fighter platforms. Peru Selects F-16 Block 70
• Positive Sentiment: Successful Orion crewed mission and additional contract awards (including reported ~$137M wins and space/satellite program work) reinforce backlog and long?cycle revenue visibility. Orion Crew Mission & Contracts
• Neutral Sentiment: Management reaffirmed FY?2026 guidance (EPS $29.350–$30.250; revenue $77.5B–$80.0B). Guidance is intact but sits slightly below Street consensus, so it limits downside but doesn’t fully reassure investors. Q1 Press Release / Guidance
• Neutral Sentiment: CEO comments that a new Pentagon administration presents a “golden opportunity” signal potential policy tailwinds for defense spending, but this is forward?looking and not immediate cash flow relief. CEO Sees Pentagon Opportunity
• Negative Sentiment: Q1 EPS and revenue missed consensus (EPS $6.44 vs. ~$6.79 est.; revenue ~$18.0B vs. ~$18.4B). Net income fell year?over?year, driven by cost pressure on fixed?price contracts and lower margins. That earnings shortfall is the primary catalyst for the stock decline. First-Quarter Results Miss Street Views
• Negative Sentiment: Cash flow weakness: operating cash of ~$220M and free cash flow negative ~$291M — a meaningful red flag for investors used to strong FCF from defense peers and for funding buybacks/dividends. Production slowdowns (F?16, C?130 and other aircraft) and higher costs on fixed?price work drove the cash drag. Delays and Cash Flow Pressure
• Negative Sentiment: Market reaction: shares slid in premarket / open trading after the miss and cash?flow news, amplifying intraday volatility as traders reprice near?term execution risk. Stock Falls After Earnings Miss

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LMT shares. Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Royal Bank Of Canada lifted their price objective on Lockheed Martin from $615.00 to $650.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. DZ Bank lowered Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price objective on the stock. in a research report on Tuesday, February 3rd. Wall Street Zen lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 22nd. Finally, Robert W. Baird lifted their price objective on Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 16th. Seven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin has an average rating of “Hold” and an average target price of $646.16.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LMT. Basso Capital Management L.P. purchased a new position in shares of Lockheed Martin in the 4th quarter valued at approximately $25,000. United Financial Planning Group LLC purchased a new position in shares of Lockheed Martin in the 3rd quarter valued at approximately $25,000. Clarity Asset Management Inc. purchased a new position in shares of Lockheed Martin in the 4th quarter valued at approximately $26,000. Triumph Capital Management lifted its stake in shares of Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 22 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC lifted its stake in shares of Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 4.5%

The company has a market cap of $122.21 billion, a PE ratio of 24.68, a PEG ratio of 1.02 and a beta of 0.23. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. The stock has a 50 day moving average price of $633.27 and a 200 day moving average price of $553.09.

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.