Lockheed Martin (NYSE:LMT) Price Target Lowered to $653.00 at Morgan Stanley

Key Points

• Morgan Stanley cut its price target on Lockheed Martin to $653 (from $675) and kept an "equal weight" rating, implying roughly a 27% upside from recent levels.
• Q1 results missed expectations — EPS $6.44 vs. $6.79 and revenue $18.02B vs. $18.38B — with free cash flow turning negative amid production delays, and the stock fell about 3.2% to $512.79.
• Analysts are mixed: the consensus rating is "Hold" with an average target of $632.32 (7 Buys, 13 Holds, 1 Sell), while management reaffirmed FY‑2026 EPS guidance of $29.35–$30.25.

Lockheed Martin (NYSE:LMT - Get Free Report) had its target price cut by equities researchers at Morgan Stanley from $675.00 to $653.00 in a note issued to investors on Friday,MarketScreener reports. The firm currently has an "equal weight" rating on the aerospace company's stock. Morgan Stanley's target price would suggest a potential upside of 27.34% from the stock's previous close.

A number of other equities analysts have also recently issued reports on LMT. JPMorgan Chase & Co. increased their target price on Lockheed Martin from $515.00 to $680.00 and gave the stock a "neutral" rating in a report on Friday, January 30th. TD Cowen increased their target price on Lockheed Martin from $600.00 to $670.00 and gave the stock a "hold" rating in a report on Friday, January 30th. Citigroup increased their target price on Lockheed Martin from $673.00 to $675.00 and gave the stock a "neutral" rating in a report on Wednesday, April 1st. Argus increased their target price on Lockheed Martin from $530.00 to $735.00 and gave the stock a "buy" rating in a report on Friday, March 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Lockheed Martin from $615.00 to $575.00 and set a "hold" rating for the company in a report on Friday. Seven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $632.32.

Lockheed Martin Trading Down 3.2%

Shares of LMT traded down $17.00 during trading hours on Friday, reaching $512.79. The stock had a trading volume of 310,120 shares, compared to its average volume of 1,742,698. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. Lockheed Martin has a 52 week low of $410.11 and a 52 week high of $692.00. The firm has a 50-day moving average of $631.13 and a 200 day moving average of $552.93. The company has a market cap of $118.18 billion, a P/E ratio of 23.90, a P/E/G ratio of 0.99 and a beta of 0.23.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts' consensus estimates of $6.79 by ($0.35). The firm 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 6.69% and a return on equity of 108.53%. Lockheed Martin's quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, sell-side analysts expect that Lockheed Martin will post 29.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lockheed Martin

Large investors have recently modified their holdings of the business. Carnegie Investment Counsel lifted its position in Lockheed Martin by 11.4% during the third quarter. Carnegie Investment Counsel now owns 29,639 shares of the aerospace company's stock worth $14,796,000 after acquiring an additional 3,031 shares during the last quarter. VCI Wealth Management LLC acquired a new stake in Lockheed Martin during the third quarter worth approximately $3,075,000. Oppenheimer & Co. Inc. lifted its position 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 acquiring an additional 3,352 shares during the last quarter. Welch Group LLC lifted its position in Lockheed Martin by 1.5% during the fourth quarter. Welch Group LLC now owns 132,684 shares of the aerospace company's stock worth $64,175,000 after acquiring an additional 1,999 shares during the last quarter. Finally, Jain Global LLC acquired a new stake in Lockheed Martin during the third quarter worth approximately $38,064,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin News Summary

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

• Positive Sentiment: Peru agreed to buy 12 F‑16 Block 70 fighters, a direct contract win that supports near-term backlog and revenue visibility. Peru Selects Lockheed Martin F-16 Block 70
• Positive Sentiment: An analyst price-target bump (Sanford C. Bernstein to $661) gives analysts’ support for upside versus current levels and may underpin buying interest. Lockheed Martin Price Target Raised to $661.00
• Positive Sentiment: Macro tailwinds — surging global defense budgets and a growing U.S. missile/munitions agenda — keep long-term demand strong for Lockheed’s portfolio (supports medium/long-term revenue growth). Lockheed Martin vs. RTX: Defense Spending Is Surging
• Neutral Sentiment: Management reaffirmed FY‑2026 EPS guidance ($29.35–$30.25) and revenue range (~$77.5B–$80.0B); this limits downside from guidance cuts but leaves execution risk priced in. Lockheed Martin Reports First Quarter 2026 Financial Results
• Neutral Sentiment: Positive PR from the successful Orion crewed mission underscores program credibility (reputational benefit but limited immediate financial impact). Green Hills Congratulates NASA and Lockheed Martin on Orion
• Negative Sentiment: Q1 results missed expectations: EPS $6.44 vs. estimates ~ $6.79 and revenue $18.02B vs. ~$18.38B — this triggered selling pressure and raises short-term performance concerns. Lockheed Martin First-Quarter Results Miss Street Views
• Negative Sentiment: Free cash flow swung negative (~$(291)m) and executives cited production delays and higher costs on fixed‑price programs (F‑16, C‑130), elevating execution and margin risk. Lockheed Martin posts lower quarterly profit as delays weigh

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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