Lockheed Martin (NYSE:LMT) Stock Price Down 3% - Here's Why

Key Points

• Lockheed Martin shares fell 3% to about $571.60, while trading volume was roughly in line with average levels.
• Analyst sentiment remains mixed but leans neutral: the stock has a consensus “Hold” rating, with an average price target of $632.39 after several firms recently lowered their targets.
• Despite the share-price decline, Lockheed Martin reported quarterly EPS and revenue above expectations, raised full-year guidance to $29.95–$30.65 EPS, and declared a $3.45 quarterly dividend, equivalent to a 2.4% yield.

Shares of Lockheed Martin Corporation (NYSE:LMT - Get Free Report) were down 3% on Thursday . The stock traded as low as $569.54 and last traded at $571.60. 1,530,819 shares traded hands during trading, an increase of 1% from the average daily volume of 1,518,188 shares. The stock had previously closed at $589.15.

Wall Street Analyst Weigh In

LMT has been the topic of a number of recent research reports. BNP Paribas Exane reduced their price target on shares of Lockheed Martin from $770.00 to $680.00 and set an "outperform" rating on the stock in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Lockheed Martin from $615.00 to $575.00 and set a "hold" rating on the stock in a research note on Friday, April 24th. Bank of America cut their target price on shares of Lockheed Martin from $660.00 to $600.00 and set a "neutral" rating on the stock in a report on Friday, April 24th. Robert W. Baird set a $700.00 target price on Lockheed Martin in a research note on Friday, July 24th. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of Lockheed Martin in a report on Sunday, July 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Lockheed Martin has a consensus rating of "Hold" and an average target price of $632.39.

Lockheed Martin Stock Performance

The stock has a fifty day moving average price of $546.85 and a two-hundred day moving average price of $576.25. The company has a market cap of $131.92 billion, a P/E ratio of 21.07, a PEG ratio of 1.04 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 issued its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The business had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same period in the prior year, the company posted $1.46 EPS. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities analysts forecast that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be paid a $3.45 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. Lockheed Martin's dividend payout ratio is presently 50.87%.

Institutional Investors Weigh In On Lockheed Martin

A number of hedge funds and other institutional investors have recently modified their holdings of LMT. Basso Capital Management L.P. bought a new stake in shares of Lockheed Martin during the 4th quarter worth about $25,000. Burnham & Co LLC bought a new position in shares of Lockheed Martin in the second quarter valued at approximately $25,000. United Financial Planning Group LLC acquired a new position in shares of Lockheed Martin during the third quarter valued at approximately $25,000. Clarity Asset Management Inc. acquired a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $26,000. Finally, Field & Main Bank bought a new stake in Lockheed Martin during the second quarter worth approximately $26,000. 74.19% of the stock is currently owned by institutional investors.

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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