JPMorgan Chase & Co. Cuts Lockheed Martin (NYSE:LMT) Price Target to $605.00

Key Points

• JPMorgan Chase cut its price target on Lockheed Martin to $605 from $680 and kept a neutral rating, implying roughly a 17.95% upside from the prior close.
• Lockheed missed Q results, reporting $6.44 EPS versus $6.79 expected and $18.02B in revenue versus $18.38B expected, and set FY2026 guidance of 29.35–30.25 EPS (sell‑side average ~29.91).
• Analysts' consensus remains a Hold with an average price target of $628.63, while the stock recently traded around $512.94 and has a market cap near $118.3 billion.

Lockheed Martin (NYSE:LMT - Get Free Report) had its price objective dropped by research analysts at JPMorgan Chase & Co. from $680.00 to $605.00 in a note issued to investors on Tuesday,MarketScreener reports. The brokerage currently has a "neutral" rating on the aerospace company's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 17.95% from the stock's previous close.

A number of other brokerages have also recently commented on LMT. Susquehanna reduced their price target on Lockheed Martin from $740.00 to $700.00 and set a "positive" rating for the company in a research report on Friday, April 24th. Robert W. Baird upped their price target on Lockheed Martin from $550.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, January 16th. Morgan Stanley cut their price target on Lockheed Martin from $675.00 to $653.00 and set an "equal weight" rating for the company in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft cut their price target on Lockheed Martin from $615.00 to $575.00 and set a "hold" rating for the company in a research note on Friday, April 24th. Finally, Weiss Ratings lowered Lockheed Martin from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of "Hold" and an average price target of $628.63.

Lockheed Martin Stock Performance

Lockheed Martin stock traded down $5.21 during mid-day trading on Tuesday, reaching $512.94. 181,561 shares of the stock traded hands, compared to its average volume of 1,746,099. The stock has a market capitalization of $118.27 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 0.93 and a beta of 0.10. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. Lockheed Martin has a 12-month low of $410.11 and a 12-month high of $692.00. The business's 50-day moving average is $617.05 and its 200-day moving average is $553.72.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts' consensus estimates of $6.79 by ($0.35). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The company had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. During the same period in the prior year, the business posted $7.28 earnings per share. Lockheed Martin's revenue for the quarter was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, sell-side analysts predict that Lockheed Martin will post 29.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cerro Pacific Wealth Advisors LLC boosted its holdings in shares of Lockheed Martin by 1.2% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company's stock valued at $665,000 after purchasing an additional 16 shares during the last quarter. Garner Asset Management Corp boosted its holdings in shares of Lockheed Martin by 0.9% during the 4th quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company's stock valued at $839,000 after purchasing an additional 16 shares during the last quarter. Davis R M Inc. boosted its holdings in shares of Lockheed Martin by 1.3% during 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. Broadway Wealth Solutions Inc. boosted its holdings in shares of Lockheed Martin by 3.6% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company's stock valued at $234,000 after purchasing an additional 17 shares during the last quarter. Finally, Aspire Growth Partners LLC boosted its holdings in shares of Lockheed Martin by 0.7% during the 4th quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company's stock valued at $1,217,000 after purchasing an additional 17 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

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.

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