Lockheed Martin Corporation (NYSE:LMT) Stock Has Consensus Price Target of $627.10 According to Analysts

Shares of Lockheed Martin Corporation (NYSE:LMT - Get Free Report) have received an average recommendation of "Moderate Buy" from the twenty-two research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $627.10.

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada lowered their target price on shares of Lockheed Martin from $600.00 to $550.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 15th. Citigroup raised their target price on Lockheed Martin from $641.00 to $691.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Vertical Research upgraded Lockheed Martin from a "hold" rating to a "buy" rating and set a $600.00 price target for the company in a research note on Wednesday, October 14th. Morgan Stanley upped their price target on Lockheed Martin from $653.00 to $690.00 and gave the stock an "equal weight" rating in a report on Friday, July 24th. Finally, Sanford C. Bernstein lowered their price target on Lockheed Martin from $629.00 to $564.00 and set a "market perform" rating on the stock in a research report on Wednesday, October 14th.

Lockheed Martin Stock Performance

LMT opened at $548.92 on Wednesday. The firm has a fifty day moving average price of $539.88 and a 200 day moving average price of $542.60. Lockheed Martin has a 1 year low of $437.25 and a 1 year high of $692.00. The stock has a market cap of $126.69 billion, a P/E ratio of 20.23, a P/E/G ratio of 1.19 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 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 company had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter last year, the business earned $1.46 earnings per share. The firm's revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities research analysts anticipate that Lockheed Martin will post 30.44 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be paid a dividend of $3.60 per share. This represents a $14.40 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.45. Lockheed Martin's dividend payout ratio is currently 53.08%.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: New Army contracts support demand visibility. A Lockheed Martin–RTX joint venture won a $215 million U.S. Army contract for Javelin launchers, while Lockheed secured a separate $117.1 million Apache helicopter radar-support award. These deals reinforce the company’s backlog and recurring sustainment revenue. RTX and Lockheed Martin Javelin contract article Apache radar-support contract article
• Positive Sentiment: Missile-defense and munitions capacity remain strategic growth areas. Lockheed detailed the first Spike NLOS missile shots from the Army’s ISV-U platform, while a new Hadrian manufacturing arrangement is intended to expand munitions production. Separately, Karman Space & Defense announced a seven-year, $218 million agreement to supply THAAD shrouds to Lockheed, highlighting sustained demand for the missile-defense program. Spike NLOS testing article Lockheed and Hadrian munitions article Karman THAAD agreement article
• Positive Sentiment: Patriot demand could provide additional upside. Ukrainian President Volodymyr Zelenskiy discussed accelerating Patriot deliveries with Lockheed, potentially supporting production volumes and reinforcing the company’s role in allied air defense. Ukraine Patriot supplies article
• Neutral Sentiment: Investors are focused on the upcoming third-quarter report. Analysts are watching F-35 deliveries, backlog conversion and key operating metrics for evidence that strong defense demand is translating into revenue and cash flow. Lockheed earnings preview
• Neutral Sentiment: Cash generation is attractive but may signal investor caution. Lockheed’s reported free-cash-flow yield of 6.9% exceeds the S&P 500 median, supporting dividends and buybacks, although the discount may reflect expectations for slower growth. Lockheed cash-yield analysis
• Negative Sentiment: Political and competitive risks are weighing on sentiment. Analysts cite U.S. political uncertainty and rising competition, while new rare-earth sourcing rules could increase supply-chain costs beginning in 2027. The stock’s decline from its March peak and a potentially unfavorable technical pattern add to near-term caution. Lockheed risk analysis Rare-earth rules article

Institutional Investors Weigh In On Lockheed Martin

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its position in shares of Lockheed Martin by 1.3% in the second quarter. State Street Corp now owns 32,975,170 shares of the aerospace company's stock valued at $16,799,530,000 after buying an additional 419,582 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Lockheed Martin in the second quarter worth about $9,617,574,000. Corient Private Wealth LP boosted its position in Lockheed Martin by 3,983.3% during the second quarter. Corient Private Wealth LP now owns 7,110,961 shares of the aerospace company's stock worth $3,622,750,000 after acquiring an additional 6,936,814 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Lockheed Martin during the second quarter worth about $645,258,000. Finally, Diamant Asset Management Inc. boosted its position in Lockheed Martin by 60,339.0% during the first quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company's stock worth $531,493,000 after acquiring an additional 877,932 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

About Lockheed Martin

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.

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