Lockheed Martin (NYSE:LMT) Price Target Lowered to $600.00 at Bank of America

Key Points

• Bank of America cut Lockheed Martin's price target to $600 from $660 and kept a "neutral" rating; the analyst consensus target is about $634.95 and the stock's average rating is "Hold."
• Lockheed Martin missed Q1 estimates (EPS $6.44 vs. $6.79; revenue $18.02B vs. $18.38B), reported negative free cash flow and cited production delays, which pressured the shares down roughly 3%.
• Pentagon plans to boost F‑35 purchases and Lockheed won international and missile‑defense contracts (e.g., Peru F‑16s, Golden Dome roles), supporting longer‑term revenue, but near‑term upside hinges on execution and cash‑flow recovery.

Lockheed Martin (NYSE:LMT - Get Free Report) had its target price lowered by equities researchers at Bank of America from $660.00 to $600.00 in a research report issued on Friday,MarketScreener reports. The firm currently has a "neutral" rating on the aerospace company's stock. Bank of America's price objective would suggest a potential upside of 16.91% from the company's current price.

Several other equities analysts have also issued reports on LMT. Wall Street Zen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday. JPMorgan Chase & Co. increased their price target on Lockheed Martin from $515.00 to $680.00 and gave the company a "neutral" rating in a research note on Friday, January 30th. Royal Bank Of Canada lowered their price target on Lockheed Martin from $650.00 to $575.00 and set a "sector perform" rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Lockheed Martin from $615.00 to $575.00 and set a "hold" rating for the company in a research report on Friday. Finally, Jefferies Financial Group boosted their target price on shares of Lockheed Martin from $630.00 to $640.00 and gave the stock a "hold" rating in a research report on Tuesday, April 7th. Seven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of "Hold" and a consensus target price of $634.95.

Lockheed Martin Trading Down 3.1%

Shares of LMT opened at $513.21 on Friday. Lockheed Martin has a twelve month low of $410.11 and a twelve month high of $692.00. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The company's fifty day simple moving average is $628.34 and its 200-day simple moving average is $552.93. The company has a market cap of $118.27 billion, a P/E ratio of 24.85, a P/E/G ratio of 0.95 and a beta of 0.23.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing the consensus estimate of $6.79 by ($0.35). The business had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business's revenue was up .3% compared to the same quarter last year. During the same period last year, the company earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, analysts expect that Lockheed Martin will post 29.97 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. United Financial Planning Group LLC acquired a new stake in Lockheed Martin during the third quarter worth about $25,000. Basso Capital Management L.P. acquired a new stake in Lockheed Martin during the fourth quarter worth $25,000. Barnes Dennig Private Wealth Management LLC raised its position in Lockheed Martin by 285.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company's stock valued at $27,000 after purchasing an additional 40 shares during the period. Grey Fox Wealth Advisors LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at $27,000. Finally, Clarity Asset Management Inc. acquired a new stake in shares of Lockheed Martin during the 4th quarter worth about $26,000. 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: Pentagon planning to raise F‑35 purchases. Proposed increases in USAF and Navy buys through 2030–31 could lift future F‑35 production volumes and revenue for Lockheed. Pentagon Plans Boost to F‑35 Orders
• Positive Sentiment: Peru agreed to buy 12 F‑16 Block 70 jets — a direct commercial sale that supports near‑term aircraft revenue and international aftermarket/upgrade opportunities. Peru Selects F‑16 Block 70
• Positive Sentiment: Lockheed picked up roles in U.S. missile‑defense programs (including the multi‑company “Golden Dome” awards) and DOD contracts to replenish Patriot inventories — supports sustained demand in missile & munitions franchises. Golden Dome Program Coverage Patriot Stockpile Report
• Neutral Sentiment: Q1 results included an FY‑2026 EPS range that largely reaffirmed guidance; that limits downside from a guidance shock but leaves execution risk on production and cash flow. Q1 Financial Results
• Neutral Sentiment: Positive program PR (Orion crewed flight, GPS III support) bolsters long‑term aerospace credibility but is less material to near‑term cash flow. Program/PR Coverage
• Negative Sentiment: Q1 miss on EPS ($6.44 vs. Street) and revenue shortfall; free cash flow turned negative and Lockheed cited production delays and fixed‑price contract pressure — the immediate catalyst for selling pressure. Q1 Results Coverage
• Negative Sentiment: Multiple analysts trimmed price targets (BNP Paribas Exane, RBC, Morgan Stanley, Deutsche Bank, Susquehanna), reflecting increased execution/cash‑flow risk and tempering near‑term upside. Analyst PT Changes
• Negative Sentiment: Investor focus on cash burn and program delays increases short‑term volatility despite healthy backlog; near‑term valuation will track execution and whether cash flow recovers. Execution Risk Coverage

Lockheed Martin Company Profile

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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