Lockheed Martin (NYSE:LMT) Shares Down 1.7% on Analyst Downgrade

Key Points

• Shares fell 1.7% after JPMorgan cut its price target to $605 from $680 while keeping a Neutral rating, pushing LMT intraday to about $507.49 on below‑average volume.
• Q1 results missed estimates — EPS $6.44 vs. $6.79 expected and revenue $18.02B vs. $18.38B — while Lockheed set FY‑2026 guidance of $29.35–$30.25, near the analyst consensus of ~29.91.
• Outlook and ownership are mixed: analysts’ consensus is a “Hold” with an average price target of $628.63, even as large institutions have recently boosted positions and positive catalysts (a Nokia 5G collaboration and elevated geopolitical defense demand) could support future orders.

Lockheed Martin Corporation (NYSE:LMT - Get Free Report) was down 1.7% on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from $680.00 to $605.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Lockheed Martin traded as low as $507.49 and last traded at $509.1170. Approximately 1,359,247 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 1,757,869 shares. The stock had previously closed at $518.15.

A number of other equities research analysts have also recently weighed in on the company. Truist Financial boosted their price objective on Lockheed Martin from $605.00 to $695.00 and gave the company a "buy" rating in a research note on Friday, January 30th. TD Cowen reduced their price objective on Lockheed Martin from $670.00 to $600.00 and set a "hold" rating for the company in a research note on Friday, April 24th. Argus upped their price target on Lockheed Martin from $530.00 to $735.00 and gave the stock a "buy" rating in a research note on Friday, March 6th. Royal Bank Of Canada cut their price target on Lockheed Martin from $650.00 to $575.00 and set a "sector perform" rating for the company in a research note on Friday, April 24th. Finally, BNP Paribas Exane cut their price target on Lockheed Martin from $770.00 to $680.00 and set an "outperform" rating for the company in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $628.63.

Lockheed Martin News Summary

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

• Positive Sentiment: Nokia collaboration: Nokia Federal Solutions and Lockheed launched a modular, open‑architecture 5G solution for U.S. and allied defense forces — a product win that strengthens Lockheed’s position in secure battlefield communications and could lead to future program awards. Nokia Federal Solutions, Lockheed Martin introduce mission-critical 5G solution
• Positive Sentiment: Near‑term defense demand backdrop: Reports of the U.S. Navy intercepting Iranian cruise missiles have kept geopolitical risk and short‑term defense demand in focus, which typically supports order pipelines for major contractors like LMT. U.S. Navy intercepts Iranian cruise missiles — 4 defense stocks to watch today
• Neutral Sentiment: Analytical takes: Recent analyst pieces (e.g., Seeking Alpha) discuss Q1 results and sector noise vs. signal — useful for investors parsing which company trends are one‑off vs structural, but not an immediate catalyst. Lockheed Martin Q1 2026: Noise Vs. Signal In The Defense Sector
• Neutral Sentiment: Market perspective: Analysis suggesting the earnings miss left LMT oversold and potentially attractive is circulating; that could temper downside if guidance holds and order momentum stabilizes. Why Lockheed Martin's Earnings Miss Could Be a Blessing in Disguise
• Neutral Sentiment: Analyst consensus: Aggregated analyst stance remains a “Hold”/mixed view, reflecting disagreement on near‑term earnings headwinds vs. long‑term defense secular tailwinds. Lockheed Martin Corporation Given Consensus Recommendation of "Hold"
• Negative Sentiment: Analyst price‑target cut: JPMorgan lowered its price target on LMT from $680 to $605 and kept a Neutral rating — a notable downgrade in expected upside that likely weighed on sentiment. JPMorgan adjusts price target on Lockheed Martin to $605 from $680
• Negative Sentiment: Earnings miss and April weakness: LMT’s Q1 EPS and revenue missed expectations and the stock has already pulled back substantially in April, fueling continued downside pressure as investors reprice near‑term growth and margin risks. Why Lockheed Martin Stock Fell 14.3% in April

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LMT. Diamant Asset Management Inc. grew its holdings in Lockheed Martin by 60,339.0% during the first quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company's stock worth $531,493,000 after acquiring an additional 877,932 shares during the period. AQR Capital Management LLC grew its holdings in Lockheed Martin by 107.3% during the fourth quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company's stock worth $625,784,000 after acquiring an additional 669,604 shares during the period. Morgan Stanley grew its holdings in Lockheed Martin by 10.1% during the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company's stock worth $2,770,729,000 after acquiring an additional 527,523 shares during the period. Sanders Capital LLC acquired a new position in Lockheed Martin during the third quarter worth $252,699,000. Finally, Corient Private Wealth LLC grew its holdings in Lockheed Martin by 203.3% during the fourth quarter. Corient Private Wealth LLC now owns 560,363 shares of the aerospace company's stock worth $271,031,000 after acquiring an additional 375,622 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Price Performance

The stock has a fifty day moving average of $617.05 and a two-hundred day moving average of $553.72. The stock has a market cap of $117.38 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 0.93 and a beta of 0.10. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data 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). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The business had revenue of $18.02 billion for the quarter, compared to analyst estimates of $18.38 billion. During the same period in the prior year, the company earned $7.28 EPS. The company's revenue was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, equities research analysts anticipate that Lockheed Martin Corporation will post 29.91 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 2nd were issued a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, March 2nd. Lockheed Martin's dividend payout ratio is currently 66.83%.

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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