Lockheed Martin (NYSE:LMT) Rating Lowered to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Lockheed Martin from “strong buy” to “buy,” while broader analyst sentiment remains a “Moderate Buy” with a consensus price target of $627.10.
• Lockheed Martin reported quarterly earnings of $7.94 per share, exceeding estimates of $7.22, while revenue rose 10.5% year over year to $20.06 billion.
• The stock opened at $551.96, with a 52-week range of $437.25 to $692.00; institutional investors own approximately 74.19% of the company.

Lockheed Martin (NYSE:LMT - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Saturday, Wall Street Zen reports.

Several other equities analysts have also recently weighed in on the stock. Morgan Stanley raised their price target 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. Vertical Research raised shares of Lockheed Martin from a "hold" rating to a "buy" rating and set a $600.00 price objective on the stock in a research report on Wednesday. Weiss Ratings raised shares of Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, October 9th. Rothschild & Co Redburn began coverage on shares of Lockheed Martin in a research report on Tuesday, October 6th. They issued a "buy" rating and a $650.00 target price for the company. Finally, Citigroup lifted their price target on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Lockheed Martin presently has an average rating of "Moderate Buy" and a consensus price target of $627.10.

Lockheed Martin Stock Performance

LMT opened at $551.96 on Friday. The business's 50-day moving average price is $541.90 and its two-hundred day moving average price is $543.85. Lockheed Martin has a 1 year low of $437.25 and a 1 year high of $692.00. The company has a market capitalization of $127.39 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 1.16 and a beta of 0.09. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%. The company had revenue of $20.06 billion during the quarter, compared to analysts' expectations of $19.34 billion. During the same period in the prior year, the firm earned $1.46 earnings per share. Lockheed Martin's revenue for the quarter was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities analysts expect that Lockheed Martin will post 30.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LMT. Burnham & Co LLC bought a new position in shares of Lockheed Martin in the second quarter worth $25,000. Field & Main Bank acquired a new position in shares of Lockheed Martin during the 2nd quarter worth $26,000. TD Capital Management LLC raised its holdings in shares of Lockheed Martin by 450.0% during the 4th quarter. TD Capital Management LLC now owns 55 shares of the aerospace company's stock worth $27,000 after buying an additional 45 shares in the last quarter. Kelleher Financial Advisors bought a new stake in shares of Lockheed Martin during the 2nd quarter worth $29,000. Finally, Highland Investment Advisors LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter worth $29,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin News Roundup

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

• Positive Sentiment: UBS reiterated its bullish view and said Lockheed’s missile sales could grow roughly 20% annually for years. The highly profitable Missiles and Fire Control division could drive earnings growth faster than revenue, supporting the stock’s recent momentum. Why Lockheed Martin Stock Keeps Going Up
• Positive Sentiment: Lockheed announced a $300 million Texas investment and plans to add approximately 6,000 U.S. jobs, expanding advanced-munitions capacity. PAC-3 MSE production is targeted to rise from about 600 units annually to at least 2,000 over time, improving the company’s ability to capture sustained missile-defense demand. Lockheed Martin Supercharges US Missile Production With $300 Million Texas Investment
• Positive Sentiment: The company raised its quarterly dividend 4.3% to $3.60 per share, extending its dividend-growth streak to 24 years. The increase reinforces Lockheed’s appeal to income-focused investors. This Defense Stock Just Raised Its Dividend by 4.3%
• Positive Sentiment: Lockheed delivered a C-130J-30 aircraft to the U.S. Navy for the future E-130J Phoenix II TACAMO mission, highlighting continued demand for its strategic-airlift and command-and-control platforms. U.S. Navy Receives C-130J-30 Super Hercules
• Neutral Sentiment: Analysts expect third-quarter earnings to grow about 7.6%, with missile-defense demand and production increases supporting revenue. Investors are watching the October 22 report for evidence that recent investments are translating into cash flow and profit growth.
• Neutral Sentiment: Potential changes to Norway’s sovereign wealth fund rules could eventually allow investment in Lockheed, which is currently excluded because of its nuclear-weapons involvement. Any benefit remains speculative and depends on the policy change.
• Negative Sentiment: RBC lowered its price target from $600 to $550 and maintained a “sector perform” rating, signaling limited near-term upside at current valuation. RBC Lowers Lockheed Martin Price Target
• Negative Sentiment: Investors continue to weigh Lockheed’s elevated debt, execution risks on fixed-price programs and the possibility of future contract charges. Bernstein also maintained a hold rating.

About Lockheed Martin

Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.

Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.

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