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

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Wall Street Zen upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 29th. TD Cowen dropped their price target on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Royal Bank Of Canada upped 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. Finally, Morgan Stanley increased their price objective on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has assigned 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 $637.56.

Lockheed Martin Price Performance

The company’s 50 day moving average price is $556.35 and its 200-day moving average price is $566.15. 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 has a market cap of $121.03 billion, a P/E 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. The company had revenue of $20.06 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, sell-side analysts expect 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 issued a dividend of $3.45 per share. 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 (DPR) is 50.87%.

Institutional Investors Weigh In On Lockheed Martin

Several large investors have recently added to or reduced their stakes in the company. Davis R M Inc. increased its holdings in Lockheed Martin by 1.3% in the 4th 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 during the last quarter. Aspire Growth Partners LLC boosted its position in shares of Lockheed Martin by 0.7% during the fourth quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock worth $1,217,000 after buying an additional 17 shares during the period. Insigneo Advisory Services LLC grew its stake in shares of Lockheed Martin by 0.6% in the fourth quarter. Insigneo Advisory Services LLC now owns 2,884 shares of the aerospace company’s stock valued at $1,395,000 after buying an additional 17 shares in the last quarter. Sandy Cove Advisors LLC grew its stake in shares of Lockheed Martin by 4.4% in the fourth quarter. Sandy Cove Advisors LLC now owns 430 shares of the aerospace company’s stock valued at $208,000 after buying an additional 18 shares in the last quarter. Finally, Stonebridge Financial Group LLC MO lifted its stake in Lockheed Martin by 2.8% during the 1st quarter. Stonebridge Financial Group LLC MO now owns 658 shares of the aerospace company’s stock worth $397,000 after acquiring an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

About Lockheed Martin

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.