Lockheed Martin (NYSE:LMT) Price Target Lowered to $600.00 at TD Cowen

Key Points

• TD Cowen cut its price target on Lockheed Martin to $600 from $670 and maintained a "hold" rating, implying roughly a 16.9% upside from the last close.
• Lockheed missed Q1 estimates (EPS $6.44 vs. $6.79 expected) and reported negative free cash flow with production delays, prompting multiple analysts to trim targets and leaving a consensus "Hold" rating with a consensus target of about $634.95, raising near‑term execution and cash‑flow risk.
• Positive program developments — including proposed increases in F‑35 buys, Peru's F‑16 purchase, and new missile‑defense awards — support longer‑term aircraft and munitions revenue despite short‑term volatility.

Lockheed Martin (NYSE:LMT - Get Free Report) had its price objective cut by research analysts at TD Cowen from $670.00 to $600.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm presently has a "hold" rating on the aerospace company's stock. TD Cowen's price objective indicates a potential upside of 16.91% from the stock's previous close.

Other equities analysts have also issued reports about the company. Truist Financial raised their price target on Lockheed Martin from $605.00 to $695.00 and gave the stock a "buy" rating in a report on Friday, January 30th. Susquehanna lowered their price target on Lockheed Martin from $740.00 to $700.00 and set a "positive" rating on the stock in a research report on Friday. DZ Bank lowered Lockheed Martin from a "buy" rating to a "hold" rating and set a $665.00 price objective on the stock. in a research report on Tuesday, February 3rd. UBS Group lifted their price target on Lockheed Martin from $580.00 to $663.00 and gave the stock a "neutral" rating in a research report on Monday, February 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Lockheed Martin from $515.00 to $680.00 and gave the company a "neutral" rating in a report on Friday, January 30th. Seven investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $634.95.

Lockheed Martin Price Performance

Shares of LMT opened at $513.21 on Friday. Lockheed Martin has a fifty-two week low of $410.11 and a fifty-two week high of $692.00. The firm has a market capitalization of $118.27 billion, a PE ratio of 24.85, a PEG ratio of 0.95 and a beta of 0.23. The company's 50-day moving average is $628.34 and its 200-day moving average is $552.93. 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 (NYSE:LMT - Get Free Report) last posted its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing analysts' consensus estimates of $6.79 by ($0.35). The business had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The company's revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities analysts forecast that Lockheed Martin will post 29.97 EPS for the current year.

Institutional Investors Weigh In On Lockheed Martin

Large investors have recently added to or reduced their stakes in the business. Carnegie Investment Counsel lifted its holdings in Lockheed Martin by 11.4% during the 3rd quarter. Carnegie Investment Counsel now owns 29,639 shares of the aerospace company's stock worth $14,796,000 after buying an additional 3,031 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in Lockheed Martin by 9.3% during the third quarter. Oppenheimer & Co. Inc. now owns 39,410 shares of the aerospace company's stock worth $19,674,000 after purchasing an additional 3,352 shares in the last quarter. Welch Group LLC lifted its position in Lockheed Martin by 1.5% in the fourth quarter. Welch Group LLC now owns 132,684 shares of the aerospace company's stock valued at $64,175,000 after purchasing an additional 1,999 shares during the period. Jain Global LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at approximately $38,064,000. Finally, Clough Capital Partners L P acquired a new position in Lockheed Martin during the 3rd quarter worth approximately $31,018,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Key Lockheed Martin News

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

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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