Lockheed Martin (NYSE:LMT) Upgraded at Barclays

Key Points

• Barclays upgraded Lockheed Martin to “Hold.” Analyst sentiment remains mixed, with the stock carrying an overall consensus “Hold” rating and an average price target of $634.50.
• Lockheed Martin reported quarterly EPS of $7.94, beating estimates of $7.22, while revenue rose 10.5% year over year to $20.06 billion. The company set fiscal 2026 EPS guidance at $29.95–$30.65.
• Institutional ownership remains substantial at 74.19%, while recent defense developments—including missile demand, a record backlog and international aircraft and training contracts—could support future revenue visibility.

Lockheed Martin (NYSE:LMT - Get Free Report) was upgraded by equities research analysts at Barclays to a "hold" rating in a report issued on Friday, Zacks reports.

Several other analysts also recently weighed in on LMT. Citigroup lifted their target price on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a "buy" rating in a report on Thursday, August 13th. UBS Group upgraded shares of Lockheed Martin from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $581.00 to $674.00 in a research note on Tuesday, September 8th. Weiss Ratings raised shares of Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday. Jefferies Financial Group reaffirmed a "hold" rating on shares of Lockheed Martin in a research note on Wednesday, September 2nd. Finally, Wells Fargo & Company set a $600.00 price target on shares of Lockheed Martin in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $634.50.

Lockheed Martin Trading Up 0.4%

Shares of LMT opened at $509.74 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The firm has a 50-day moving average price of $547.87 and a 200 day moving average price of $547.13. Lockheed Martin has a 12-month low of $437.25 and a 12-month high of $692.00. The firm has a market capitalization of $117.64 billion, a P/E ratio of 18.79, a P/E/G ratio of 1.10 and a beta of 0.09.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating 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 firm had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the previous year, the company earned $1.46 EPS. The business'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. Sell-side analysts forecast that Lockheed Martin will post 30.44 EPS for the current year.

Institutional Trading of Lockheed Martin

A number of institutional investors have recently bought and sold shares of the business. State Street Corp lifted its position in shares of Lockheed Martin by 1.3% during the 2nd quarter. State Street Corp now owns 32,975,170 shares of the aerospace company's stock worth $16,799,530,000 after purchasing an additional 419,582 shares during the last quarter. BlackRock Inc. acquired a new stake in Lockheed Martin in the 2nd quarter valued at approximately $9,617,574,000. Corient Private Wealth LP acquired a new stake in Lockheed Martin in the 2nd quarter valued at approximately $101,960,000. Bank of New York Mellon Corp bought a new position in Lockheed Martin in the 2nd quarter worth approximately $645,258,000. Finally, Legal & General Group Plc bought a new position in Lockheed Martin in the 2nd quarter worth approximately $497,469,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: Lockheed Martin won its first S-70i Black Hawk training contract from the Philippines. The award expands the company’s defense-training business and could create additional international revenue opportunities. Can Lockheed Martin's Training Solutions Expand Its Defense Business?
• Positive Sentiment: Investors continue to focus on Lockheed’s record backlog, stronger missile demand and the Pentagon framework supporting the AIM-260 Joint Advanced Tactical Missile. Faster production and deliveries could provide multiyear revenue visibility. Can Lockheed Martin’s AIM-260 Missile Deliver Multiyear Growth?
• Positive Sentiment: Several analyses characterize LMT as undervalued after its recent decline, citing a forward-looking defense backlog, raised full-year outlook and a valuation below its recent historical average. UBS also published a $674 price target, while Rothschild & Co. initiated coverage with a Buy rating. Is The Market Underpricing Lockheed Martin Stock?
• Positive Sentiment: Lockheed announced the first flight of Morocco’s first F-16 Block 72, supporting the company’s international fighter-aircraft franchise and potential follow-on demand. Lockheed Martin Announces First Flight of Morocco’s First F-16 Block 72

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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