Lockheed Martin (NYSE:LMT) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of Lockheed Martin (NYSE:LMT) from a strong-buy rating to a buy rating in a report issued on Saturday.

A number of other equities analysts have also recently weighed in on the company. Royal Bank Of Canada upped their price target on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a report on Sunday, July 26th. BNP Paribas Exane cut their price objective on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. reduced their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $632.39.

Lockheed Martin Stock Down 2.4%

LMT opened at $594.26 on Friday. The company has a fifty day moving average of $544.00 and a two-hundred day moving average of $576.42. The stock has a market capitalization of $137.15 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.04 and a beta of 0.10. Lockheed Martin has a fifty-two week low of $437.25 and a fifty-two week high of $692.00. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19.

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

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is 50.87%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cerro Pacific Wealth Advisors LLC lifted its position in shares of Lockheed Martin by 1.2% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock valued at $665,000 after acquiring an additional 16 shares in the last quarter. Garner Asset Management Corp increased its position in shares of Lockheed Martin by 0.9% during the fourth quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock worth $839,000 after purchasing an additional 16 shares in the last quarter. Davis R M Inc. increased its position in shares of Lockheed Martin by 1.3% during the fourth quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock worth $612,000 after purchasing an additional 16 shares in the last quarter. Broadway Wealth Solutions Inc. raised its stake in Lockheed Martin by 3.6% in the 4th 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 during the last quarter. Finally, Aspire Growth Partners LLC raised its stake in Lockheed Martin by 0.7% in the 4th 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 during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

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.