Lockheed Martin (NYSE:LMT) Stock Price Down 1.2% - Here's What Happened

Key Points

• Lockheed Martin shares fell 1.2% to $564.61 in mid-day trading, with volume down 27% from the average. The stock remains below its 200-day moving average of $575.81.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $632.39. Recent targets range from $600 at Wells Fargo and Bank of America to $690 at Morgan Stanley.
• The company reported strong quarterly results, beating earnings and revenue estimates, while revenue increased 10.5% year over year. Lockheed Martin also declared a quarterly dividend of $3.45 per share, equal to a 2.4% annualized yield.

Lockheed Martin Corporation (NYSE:LMT - Get Free Report) was down 1.2% during mid-day trading on Friday . The stock traded as low as $563.07 and last traded at $564.61. Approximately 1,098,869 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 1,514,419 shares. The stock had previously closed at $571.48.

Analysts Set New Price Targets

Several research analysts recently weighed in on LMT shares. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a research note on Monday, July 27th. Bank of America dropped their price target on Lockheed Martin from $660.00 to $600.00 and set a "neutral" rating on the stock in a research note on Friday, April 24th. Weiss Ratings raised shares of Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 13th. Sanford C. Bernstein reissued a "market perform" rating on shares of Lockheed Martin in a research report on Friday, May 29th. Finally, Morgan Stanley upped their target price on Lockheed Martin from $653.00 to $690.00 and gave the company an "equal weight" rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $632.39.

Lockheed Martin Stock Down 1.2%

The business's fifty day simple moving average is $547.31 and its two-hundred day simple moving average is $575.81. The company has a market cap of $130.31 billion, a PE ratio of 20.81, a PEG ratio of 1.01 and a beta of 0.10. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.22 by $0.72. The business had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current 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 issued a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin's payout ratio is presently 50.87%.

Institutional Investors Weigh In On Lockheed Martin

Several large investors have recently bought and sold shares of LMT. BlackRock Inc. purchased a new stake in shares of Lockheed Martin during the second quarter worth $9,617,574,000. Charles Schwab Investment Management Inc. lifted its holdings in Lockheed Martin by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company's stock valued at $4,178,399,000 after acquiring an additional 114,900 shares during the last quarter. Corient Private Wealth LP acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at $101,960,000. Morgan Stanley boosted its stake 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 buying an additional 527,523 shares during the period. Finally, Franklin Resources Inc. increased its holdings in Lockheed Martin by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company's stock valued at $807,866,000 after purchasing an additional 10,349 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

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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