Lockheed Martin (NYSE:LMT) Shares Down 2.9% - What's Next?

Key Points

• Lockheed Martin shares fell 2.9% to about $589.47, with trading volume roughly 34% below the average session level.
• Analyst sentiment remains mixed: the stock carries an average “Hold” rating and a consensus price target of $632.39, though several firms recently lowered their targets while others maintained positive views.
• The company reported strong quarterly results, with earnings of $7.94 per share and revenue of $20.06 billion, both above estimates. Lockheed also declared a quarterly dividend of $3.45 per share, equivalent to a 2.3% annualized yield.

Shares of Lockheed Martin Corporation (NYSE:LMT - Get Free Report) fell 2.9% during trading on Wednesday . The company traded as low as $589.04 and last traded at $589.4680. Approximately 1,003,858 shares changed hands during trading, a decline of 34% from the average session volume of 1,519,227 shares. The stock had previously closed at $607.17.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Lockheed Martin from $680.00 to $605.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 5th. Susquehanna reduced their target price on shares of Lockheed Martin from $740.00 to $700.00 and set a "positive" rating for the company in a report on Friday, April 24th. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a research note on Friday, July 24th. Weiss Ratings raised shares of Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. Finally, Sanford C. Bernstein restated a "market perform" rating on shares of Lockheed Martin in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of "Hold" and an average price target of $632.39.

Lockheed Martin Price Performance

The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. The company's 50 day moving average is $545.57 and its 200 day moving average is $576.49. The firm has a market capitalization of $136.04 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 1.04 and a beta of 0.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business had revenue of $20.06 billion during the quarter, compared to analysts' expectations of $19.34 billion. During the same quarter in the previous year, the company earned $1.46 EPS. The business's revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities research analysts anticipate that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin's payout ratio is 50.87%.

Hedge Funds Weigh In On Lockheed Martin

A number of hedge funds have recently added to or reduced their stakes in the stock. Cerro Pacific Wealth Advisors LLC increased its position in shares of Lockheed Martin by 1.2% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company's stock valued at $665,000 after purchasing an additional 16 shares during the period. Garner Asset Management Corp lifted its holdings in shares of Lockheed Martin by 0.9% in the fourth quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company's stock valued at $839,000 after buying an additional 16 shares during the period. Davis R M Inc. lifted its holdings in shares of Lockheed Martin by 1.3% in the fourth quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company's stock valued at $612,000 after buying an additional 16 shares during the period. Broadway Wealth Solutions Inc. boosted its stake in Lockheed Martin by 3.6% during the fourth quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company's stock valued at $234,000 after buying an additional 17 shares in the last quarter. Finally, Aspire Growth Partners LLC boosted its stake in Lockheed Martin by 0.7% during the fourth quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company's stock valued at $1,217,000 after buying an additional 17 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

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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