Lockheed Martin Corporation (NYSE:LMT) Given Consensus Rating of "Hold" by Analysts

Key Points

• Lockheed Martin has received a consensus rating of "Hold" from analysts, with 14 hold ratings, 5 buy ratings, and 1 strong buy rating.
• The company's recent quarterly earnings report showed an EPS of $7.29, surpassing estimates, although revenue was slightly below expected at $18.16 billion.
• Lockheed Martin declared a quarterly dividend of $3.30, set to be paid on September 26th, with a dividend yield of 3.0% and a payout ratio of 74.32%.

Lockheed Martin Corporation (NYSE:LMT - Get Free Report) has been given an average recommendation of "Hold" by the twenty ratings firms that are currently covering the company, Marketbeat Ratings reports. Fourteen equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $506.3529.

Several brokerages recently commented on LMT. Wall Street Zen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Jefferies Financial Group reduced their price target on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Robert W. Baird reduced their price target on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. TD Cowen restated a "hold" rating and issued a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Finally, Susquehanna reduced their price target on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LMT. 49 Wealth Management LLC grew its position in Lockheed Martin by 3.4% during the first quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock valued at $295,000 after acquiring an additional 22 shares during the last quarter. OMNI 360 Wealth Inc. grew its position in Lockheed Martin by 2.5% during the first quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock valued at $408,000 after acquiring an additional 22 shares during the last quarter. Tyler Stone Wealth Management grew its position in Lockheed Martin by 3.3% during the first quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock valued at $306,000 after acquiring an additional 22 shares during the last quarter. Investment Advisory Services Inc. TX ADV grew its position in Lockheed Martin by 4.7% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company's stock valued at $225,000 after acquiring an additional 22 shares during the last quarter. Finally, Broadway Wealth Solutions Inc. grew its position in Lockheed Martin by 4.5% during the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company's stock valued at $237,000 after acquiring an additional 22 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Stock Up 0.2%

LMT stock opened at $446.7530 on Friday. Lockheed Martin has a 12 month low of $410.11 and a 12 month high of $618.95. The firm has a market cap of $104.30 billion, a PE ratio of 25.16, a P/E/G ratio of 1.57 and a beta of 0.27. The firm has a 50 day simple moving average of $449.45 and a 200 day simple moving average of $456.35. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating the consensus estimate of $6.57 by $0.72. The business had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business's quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities research analysts forecast that Lockheed Martin will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is 74.32%.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.

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