Lockheed Martin (NYSE:LMT) Trading Up 1.5% – What’s Next?

Lockheed Martin Corporation (NYSE:LMT) shares shot up 1.5% on Wednesday . The stock traded as high as $610.36 and last traded at $607.01. Approximately 1,031,785 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 1,537,242 shares. The stock had previously closed at $597.77.

Wall Street Analyst Weigh In

LMT has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Lockheed Martin from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. UBS Group reissued a “neutral” rating and issued a $581.00 price target on shares of Lockheed Martin in a report on Friday, July 24th. Susquehanna dropped their price objective on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research report on Friday, April 24th. JPMorgan Chase & Co. reduced their price objective on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Finally, Bank of America decreased their price objective on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average price target of $632.39.

Lockheed Martin Stock Performance

The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The firm has a market capitalization of $140.33 billion, a P/E ratio of 22.40, a P/E/G ratio of 1.04 and a beta of 0.10. The stock’s 50 day moving average is $540.83 and its two-hundred day moving average is $576.23.

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. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. During the same period last year, the firm earned $1.46 earnings per share. The business’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. As a group, equities analysts anticipate that Lockheed Martin Corporation will post 30.36 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be given a $3.45 dividend. 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 (DPR) is currently 50.87%.

Institutional Investors Weigh In On Lockheed Martin

A number of institutional investors have recently made changes to their positions in LMT. Basso Capital Management L.P. acquired a new position in shares of Lockheed Martin during the 4th quarter worth about $25,000. Burnham & Co LLC acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at approximately $25,000. United Financial Planning Group LLC bought a new position in Lockheed Martin during the 3rd quarter worth approximately $25,000. Clarity Asset Management Inc. bought a new position in Lockheed Martin during the 4th quarter worth approximately $26,000. Finally, Triumph Capital Management grew its holdings in Lockheed Martin by 66.7% during the fourth 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. 74.19% of the stock is owned by institutional investors and hedge funds.

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.