Lockheed Martin (NYSE:LMT) Stock Price Down 3.1% on Disappointing Earnings

Lockheed Martin Corporation (NYSE:LMT) traded down 3.1% during mid-day trading on Friday after the company announced weaker than expected quarterly earnings. The company traded as low as $503.60 and last traded at $513.2110. 3,080,110 shares traded hands during trading, an increase of 73% from the average session volume of 1,779,116 shares. The stock had previously closed at $529.79.

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

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 2nd were issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, March 2nd. Lockheed Martin’s payout ratio is presently 64.22%.

Key Lockheed Martin News

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

• Positive Sentiment: Peru agreed to buy 12 F?16 Block 70 jets, adding near?term international revenue and backlog visibility for Lockheed’s fighter business. Peru Selects Lockheed Martin F-16 Block 70
• Positive Sentiment: The Pentagon is proposing materially higher F?35 buys for the Air Force, Navy and Marines over the next five years, which would lift program volumes and support long?term revenue for Lockheed. Pentagon Plans Boost to F-35 Orders
• Positive Sentiment: U.S. missile?defense activity is ramping (reported shortages of Patriots and new programs like “Golden Dome”), and Lockheed won work on defense/missile contracts — a tailwind for its missile and munitions franchises. Golden Dome Missile Defense Program
• Neutral Sentiment: Lockheed reaffirmed FY?2026 guidance (EPS range ~29.35–30.25 and revenue range that roughly brackets consensus), which gives a roadmap but didn’t offset the quarter’s miss. Q1 2026 Financial Results
• Negative Sentiment: Q1 earnings missed estimates: EPS $6.44 vs. street expectations, revenue slightly below forecasts, and free cash flow swung negative — these operational misses are the primary near?term catalyst for selling pressure. Lockheed Martin Posts Lower Quarterly Profit
• Negative Sentiment: Production slowdowns and cost pressure on fixed?price programs (F?16, C?130, software/readiness headwinds on F?35) reduced margins and cash generation this quarter, raising short?term execution risk. Q1 Earnings Miss on F-16, C-130 Delays
• Negative Sentiment: Several brokers trimmed price targets (BNP Paribas, RBC, Morgan Stanley, Deutsche Bank and others), increasing near?term selling pressure and reducing analyst support. BNP Paribas Adjusts PT on Lockheed Martin

Analysts Set New Price Targets

LMT has been the topic of a number of research reports. Citigroup boosted their target price on shares of Lockheed Martin from $673.00 to $675.00 and gave the stock a “neutral” rating in a report on Wednesday, April 1st. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 22nd. Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. Royal Bank Of Canada dropped their target price on shares of Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a report on Friday. Finally, TD Cowen boosted their target price on shares of Lockheed Martin from $600.00 to $670.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Seven equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $632.32.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cerro Pacific Wealth Advisors LLC grew its position in Lockheed Martin by 1.2% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock valued at $665,000 after purchasing an additional 16 shares in the last quarter. Garner Asset Management Corp grew its position in Lockheed Martin by 0.9% during the fourth quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock valued at $839,000 after purchasing an additional 16 shares in the last quarter. Davis R M Inc. grew its position in Lockheed Martin by 1.3% during the fourth quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock valued at $612,000 after purchasing an additional 16 shares in the last quarter. Broadway Wealth Solutions Inc. grew its position in Lockheed Martin by 3.6% during the fourth quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock valued at $234,000 after purchasing an additional 17 shares in the last quarter. Finally, Aspire Growth Partners LLC grew its position in Lockheed Martin by 0.7% during the fourth quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock valued at $1,217,000 after purchasing an additional 17 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

The stock’s 50-day moving average is $631.13 and its 200 day moving average is $552.93. The stock has a market capitalization of $118.27 billion, a PE ratio of 23.88, a P/E/G ratio of 0.99 and a beta of 0.23. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05.

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.